Mizuho Lowers Valero Energy (NYSE:VLO) Price Target to $158.00

Valero Energy (NYSE:VLO) had its price target cut by stock analysts at Mizuho from $165.00 to $158.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective would indicate a potential upside of 28.15% from the stock’s current price.

A number of other research firms also recently issued reports on VLO. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. Scotiabank reduced their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets dropped their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Barclays reduced their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.57.

Valero Energy Trading Down 0.6 %

Shares of NYSE VLO traded down $0.70 on Wednesday, reaching $123.29. 401,373 shares of the company traded hands, compared to its average volume of 1,871,081. The company has a 50 day moving average of $131.17 and a 200 day moving average of $139.46. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The stock has a market capitalization of $39.03 billion, a PE ratio of 11.06, a P/E/G ratio of 2.43 and a beta of 1.42.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter in the prior year, the business posted $7.49 earnings per share. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy will post 8.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Valero Energy

Institutional investors have recently made changes to their positions in the stock. Main Street Financial Solutions LLC raised its stake in Valero Energy by 5.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,356 shares of the oil and gas company’s stock valued at $213,000 after acquiring an additional 73 shares in the last quarter. Quad Cities Investment Group LLC lifted its holdings in Valero Energy by 1.6% in the third quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company’s stock worth $655,000 after purchasing an additional 75 shares during the period. Providence Wealth Advisors LLC increased its stake in Valero Energy by 0.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company’s stock valued at $1,169,000 after buying an additional 75 shares during the period. New Century Financial Group LLC raised its position in shares of Valero Energy by 5.0% during the 3rd quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company’s stock worth $231,000 after buying an additional 81 shares in the last quarter. Finally, Opal Wealth Advisors LLC boosted its holdings in shares of Valero Energy by 4.7% in the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company’s stock valued at $248,000 after acquiring an additional 82 shares in 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.