Valero Energy (NYSE:VLO) Price Target Raised to $255.00 at TD Cowen

Valero Energy (NYSE:VLO) had its target price boosted by TD Cowen from $247.00 to $255.00 in a report released on Monday morning,Benzinga reports. TD Cowen currently has a hold rating on the oil and gas company’s stock.

Several other research analysts have also recently weighed in on VLO. Citigroup increased their price objective on Valero Energy from $212.00 to $246.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. UBS Group increased their price objective on Valero Energy from $215.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Wolfe Research reiterated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Argus upgraded Valero Energy to a “hold” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets increased their price objective on Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $235.94.

Valero Energy Stock Up 1.0%

VLO stock opened at $238.12 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.64 and a quick ratio of 1.11. The stock has a market capitalization of $71.20 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 0.47 and a beta of 0.62. The business’s fifty day moving average price is $229.30 and its two-hundred day moving average price is $194.91. Valero Energy has a fifty-two week low of $112.23 and a fifty-two week high of $258.43.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.27 by $0.55. The firm had revenue of $30.37 billion for the quarter, compared to analysts’ expectations of $28.20 billion. Valero Energy had a return on equity of 12.35% and a net margin of 1.91%.The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. On average, equities analysts anticipate that Valero Energy will post 19.03 earnings per share for the current year.

Insider Activity

In other news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Trading of Valero Energy

Several large investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC boosted its holdings in Valero Energy by 5.5% during the 4th quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 51 shares during the period. Bruce G. Allen Investments LLC boosted its holdings in Valero Energy by 32.9% during the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 51 shares during the period. Providence Wealth Advisors LLC boosted its holdings in Valero Energy by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock valued at $1,564,000 after acquiring an additional 52 shares during the period. KPP Advisory Services LLC boosted its holdings in Valero Energy by 2.5% during the 1st quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock valued at $533,000 after acquiring an additional 52 shares during the period. Finally, Prospera Financial Services Inc boosted its holdings in Valero Energy by 0.3% during the 4th quarter. Prospera Financial Services Inc now owns 16,268 shares of the oil and gas company’s stock valued at $2,651,000 after acquiring an additional 53 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.