Wolfe Research Downgrades Valero Energy (NYSE:VLO) to Peer Perform

Valero Energy (NYSE:VLO) was downgraded by equities research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a note issued to investors on Monday, Marketbeat reports.

Several other equities research analysts have also weighed in on VLO. Raymond James Financial lifted their price target on Valero Energy from $150.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Monday, June 30th. UBS Group lifted their price target on Valero Energy from $150.00 to $164.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Mizuho lifted their price target on Valero Energy from $158.00 to $166.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Scotiabank dropped their price target on Valero Energy from $156.00 to $136.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley dropped their price target on Valero Energy from $160.00 to $145.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.63.

Valero Energy Price Performance

Shares of VLO stock opened at $149.04 on Monday. The firm has a market cap of $46.68 billion, a P/E ratio of 52.66, a P/E/G ratio of 2.60 and a beta of 1.00. Valero Energy has a fifty-two week low of $99.00 and a fifty-two week high of $167.78. The business’s 50 day moving average price is $135.20 and its 200-day moving average price is $129.65. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.56.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27). The business had revenue of $28.76 billion during the quarter, compared to the consensus estimate of $28.54 billion. Valero Energy had a return on equity of 6.30% and a net margin of 0.72%. Valero Energy’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.82 earnings per share. On average, equities research analysts anticipate that Valero Energy will post 7.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of VLO. Proficio Capital Partners LLC purchased a new position in shares of Valero Energy in the fourth quarter worth $236,000. Frank Rimerman Advisors LLC increased its position in Valero Energy by 21.2% during the fourth quarter. Frank Rimerman Advisors LLC now owns 3,787 shares of the oil and gas company’s stock valued at $464,000 after acquiring an additional 662 shares during the last quarter. Twin Tree Management LP purchased a new stake in Valero Energy during the fourth quarter valued at $4,317,000. SouthState Corp increased its position in Valero Energy by 7,599.2% during the fourth quarter. SouthState Corp now owns 40,652 shares of the oil and gas company’s stock valued at $4,984,000 after acquiring an additional 40,124 shares during the last quarter. Finally, Cibc World Markets Corp increased its position in Valero Energy by 14.2% during the fourth quarter. Cibc World Markets Corp now owns 50,115 shares of the oil and gas company’s stock valued at $6,144,000 after acquiring an additional 6,228 shares during the last quarter. 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.