TD Cowen Cuts Valero Energy (NYSE:VLO) Price Target to $118.00

Valero Energy (NYSE:VLO) had its target price decreased by TD Cowen from $121.00 to $118.00 in a report issued on Friday morning, MarketBeat.com reports. TD Cowen currently has a buy rating on the oil and gas company’s stock.

VLO has been the subject of a number of other reports. Mizuho reduced their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Raymond James reduced their target price on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Morgan Stanley decreased their target price on Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research note on Friday, March 7th. Finally, Tudor Pickering raised Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $150.36.

Valero Energy Price Performance

VLO stock opened at $113.87 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The firm has a market cap of $35.87 billion, a price-to-earnings ratio of 13.43, a PEG ratio of 2.93 and a beta of 1.17. The company’s fifty day simple moving average is $123.10 and its 200 day simple moving average is $129.71. Valero Energy has a 12-month low of $99.00 and a 12-month high of $168.85.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 24th. The oil and gas company reported $0.89 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.27). The business had revenue of $28.76 billion for the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, analysts expect that Valero Energy will post 7.92 earnings per share for the current year.

Institutional Trading of Valero Energy

Hedge funds have recently bought and sold shares of the business. World Investment Advisors raised its stake in shares of Valero Energy by 1.8% during the 4th quarter. World Investment Advisors now owns 4,323 shares of the oil and gas company’s stock worth $530,000 after purchasing an additional 78 shares during the period. Segment Wealth Management LLC raised its position in Valero Energy by 1.7% in the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company’s stock worth $606,000 after acquiring an additional 81 shares during the period. Silver Coast Investments LLC boosted its stake in Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company’s stock valued at $622,000 after acquiring an additional 83 shares during the last quarter. Patrick M Sweeney & Associates Inc. grew its position in shares of Valero Energy by 2.0% during the 4th quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company’s stock valued at $575,000 after acquiring an additional 90 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Valero Energy by 6.6% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company’s stock worth $186,000 after purchasing an additional 94 shares during the last quarter. 78.69% of the stock is currently 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.