Valero Energy (NYSE:VLO) Given New $184.00 Price Target at Barclays

Valero Energy (NYSE:VLO) had its target price raised by Barclays from $169.00 to $184.00 in a report published on Monday,Benzinga reports. The firm currently has an overweight rating on the oil and gas company’s stock.

VLO has been the topic of a number of other reports. Evercore ISI boosted their target price on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research report on Friday, September 19th. Wall Street Zen lowered shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. JPMorgan Chase & Co. raised their target price on Valero Energy from $177.00 to $197.00 and gave the company an “overweight” rating in a research note on Friday, October 24th. Piper Sandler lifted their target price on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TD Cowen increased their price target on Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, October 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Trading Down 1.7%

Shares of VLO opened at $178.73 on Monday. Valero Energy has a 12 month low of $99.00 and a 12 month high of $183.93. The stock’s 50-day moving average is $167.18 and its two-hundred day moving average is $148.27. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. The stock has a market cap of $54.51 billion, a PE ratio of 37.31, a P/E/G ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating the consensus estimate of $3.15 by $0.51. The business had revenue of $32.17 billion for the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $1.14 EPS. Equities analysts forecast that Valero Energy will post 7.92 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Thursday, November 20th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, November 20th. Valero Energy’s dividend payout ratio is 94.36%.

Institutional Trading of Valero Energy

Several hedge funds and other institutional investors have recently bought and sold shares of VLO. Hoey Investments Inc. bought a new position in Valero Energy during the 2nd quarter worth approximately $26,000. GFG Capital LLC acquired a new stake in shares of Valero Energy during the 2nd quarter valued at approximately $27,000. Highline Wealth Partners LLC raised its position in shares of Valero Energy by 70.2% during the 3rd quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 66 shares in the last quarter. JPL Wealth Management LLC bought a new position in Valero Energy during the third quarter worth $27,000. Finally, Hazlett Burt & Watson Inc. increased its stake in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 130 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.