Barclays Lowers Valero Energy (NYSE:VLO) Price Target to $140.00

Valero Energy (NYSE:VLO) had its price objective reduced by stock analysts at Barclays from $146.00 to $140.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target points to a potential upside of 2.17% from the stock’s previous close.

VLO has been the topic of a number of other reports. TD Cowen cut their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price target on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Wolfe Research began coverage on Valero Energy in a research note on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective on the stock. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $169.00 to $123.00 in a report on Friday, September 20th. Finally, Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.86.

Valero Energy Stock Down 0.7 %

Shares of NYSE:VLO opened at $137.02 on Monday. The business’s 50-day moving average is $135.71 and its 200-day moving average is $147.00. Valero Energy has a 1 year low of $120.21 and a 1 year high of $184.79. The company has a market capitalization of $43.38 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 2.47 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The business had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the company posted $7.49 earnings per share. Equities research analysts predict that Valero Energy will post 9.21 earnings per share for the current year.

Institutional Investors Weigh In On Valero Energy

Institutional investors have recently made changes to their positions in the stock. EdgeRock Capital LLC purchased a new stake in Valero Energy during the 2nd quarter worth about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy in the third quarter worth about $28,000. Lynx Investment Advisory bought a new position in shares of Valero Energy in the second quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in Valero Energy during the second quarter valued at approximately $31,000. Finally, Pathway Financial Advisers LLC bought a new stake in Valero Energy during the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

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.