Valero Energy (VLO) Raised to “Overweight” at JPMorgan Chase & Co.

Valero Energy (NYSE:VLO) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Tuesday, Marketbeat Ratings reports. The brokerage currently has a $105.00 price target on the oil and gas company’s stock, up from their previous price target of $102.00. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 25.94% from the company’s previous close.

A number of other research firms have also recently commented on VLO. Morgan Stanley increased their price target on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, April 15th. Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 price target for the company in a research note on Friday, January 18th. ValuEngine cut Valero Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Argus set a $110.00 price target on Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th. Finally, Goldman Sachs Group upgraded Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 price target for the company in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. Valero Energy currently has an average rating of “Buy” and an average target price of $107.82.

Valero Energy stock opened at $83.37 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. Valero Energy has a one year low of $68.81 and a one year high of $126.98. The stock has a market capitalization of $34.00 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.



Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The company had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same period last year, the business posted $1.00 earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. As a group, equities analysts predict that Valero Energy will post 6.53 earnings per share for the current year.

In other news, Director Stephen M. Waters acquired 500 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average cost of $84.97 per share, with a total value of $42,485.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in VLO. Sontag Advisory LLC acquired a new position in shares of Valero Energy in the fourth quarter valued at about $25,000. Advisory Alpha LLC acquired a new stake in Valero Energy during the first quarter worth about $27,000. Athena Capital Advisors LLC acquired a new stake in Valero Energy during the fourth quarter worth about $28,000. Strategic Wealth Partners Ltd. grew its holdings in Valero Energy by 876.2% during the fourth quarter. Strategic Wealth Partners Ltd. now owns 410 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 368 shares during the period. Finally, JNBA Financial Advisors grew its holdings in Valero Energy by 126.0% during the fourth quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock worth $34,000 after acquiring an additional 252 shares during the period. 78.48% of the stock is currently owned by institutional investors and hedge funds.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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