TD Cowen Trims Valero Energy (NYSE:VLO) Target Price to $185.00

Valero Energy (NYSE:VLO) had its price objective cut by TD Cowen from $190.00 to $185.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. They currently have a buy rating on the oil and gas company’s stock.

A number of other equities research analysts have also recently weighed in on VLO. Citigroup increased their price target on Valero Energy from $160.00 to $192.00 and gave the company a buy rating in a research note on Thursday, April 18th. UBS Group lifted their target price on shares of Valero Energy from $167.00 to $197.00 and gave the stock a buy rating in a report on Tuesday, March 26th. Piper Sandler increased their price target on shares of Valero Energy from $161.00 to $198.00 and gave the company an overweight rating in a report on Wednesday, April 3rd. Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a strong-buy rating in a report on Friday, January 26th. Finally, Mizuho lowered Valero Energy from a buy rating to a neutral rating and increased their target price for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $174.40.

Valero Energy Stock Performance

Shares of VLO stock opened at $155.66 on Monday. The stock has a market cap of $51.75 billion, a P/E ratio of 7.71, a P/E/G ratio of 1.52 and a beta of 1.54. The company has a fifty day moving average price of $162.49 and a two-hundred day moving average price of $141.39. Valero Energy has a one year low of $104.18 and a one year high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.64. The business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s revenue was down 12.8% on a year-over-year basis. During the same period last year, the business posted $8.27 EPS. As a group, equities analysts predict that Valero Energy will post 18.37 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

A number of large investors have recently bought and sold shares of VLO. StoneX Group Inc. lifted its holdings in shares of Valero Energy by 4.9% during the 1st quarter. StoneX Group Inc. now owns 12,453 shares of the oil and gas company’s stock worth $2,126,000 after acquiring an additional 587 shares during the period. Centric Wealth Management lifted its stake in Valero Energy by 7.4% during the first quarter. Centric Wealth Management now owns 14,781 shares of the oil and gas company’s stock worth $2,363,000 after purchasing an additional 1,022 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Valero Energy by 47.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 233,125 shares of the oil and gas company’s stock valued at $37,156,000 after purchasing an additional 74,782 shares in the last quarter. BOK Financial Private Wealth Inc. bought a new position in shares of Valero Energy in the 1st quarter valued at $64,000. Finally, Wambolt & Associates LLC raised its holdings in shares of Valero Energy by 25.7% during the 1st quarter. Wambolt & Associates LLC now owns 9,585 shares of the oil and gas company’s stock worth $1,655,000 after buying an additional 1,957 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

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.