Mizuho Issues Positive Forecast for Valero Energy (NYSE:VLO) Stock Price

Valero Energy (NYSE:VLO) had its price objective lifted by analysts at Mizuho from $158.00 to $166.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s target price would suggest a potential upside of 23.48% from the stock’s previous close.

Several other equities research analysts have also recently commented on VLO. Wells Fargo & Company lowered their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a research report on Friday, January 31st. Piper Sandler lowered their price target on shares of Valero Energy from $144.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, May 9th. The Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $127.00 to $154.00 in a research report on Tuesday. Scotiabank lowered their price target on shares of Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley lowered their price target on shares of Valero Energy from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average price target of $151.93.

Valero Energy Trading Down 0.5%

VLO opened at $134.44 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $42.11 billion, a PE ratio of 15.85, a PEG ratio of 2.93 and a beta of 0.98. Valero Energy has a 1-year low of $99.00 and a 1-year high of $167.78. The firm has a 50-day moving average price of $120.66 and a two-hundred day moving average price of $128.49.

Valero Energy (NYSE:VLO) last issued its quarterly 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). Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. The business had revenue of $28.76 billion for the quarter, compared to analyst estimates of $28.54 billion. During the same quarter in the prior year, the firm earned $3.82 EPS. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Valero Energy will post 7.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company’s stock valued at $5,135,043,000 after buying an additional 4,155,522 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Valero Energy by 6.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 11,437,765 shares of the oil and gas company’s stock valued at $1,510,586,000 after buying an additional 736,533 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Valero Energy by 276.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company’s stock valued at $1,425,754,000 after buying an additional 7,931,018 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Valero Energy by 5.7% in the fourth quarter. Ameriprise Financial Inc. now owns 7,938,335 shares of the oil and gas company’s stock valued at $973,119,000 after buying an additional 429,252 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Valero Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 6,871,229 shares of the oil and gas company’s stock valued at $844,775,000 after buying an additional 100,248 shares in the last quarter. 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.