Valero Energy (NYSE:VLO) Price Target Raised to $192.00 at Citigroup

Valero Energy (NYSE:VLO) had its target price raised by Citigroup from $160.00 to $192.00 in a research report report published on Thursday morning, Benzinga reports. Citigroup currently has a buy rating on the oil and gas company’s stock.

Several other brokerages have also issued reports on VLO. Raymond James raised their target price on Valero Energy from $154.00 to $155.00 and gave the stock a strong-buy rating in a research report on Friday, January 26th. TD Cowen raised their target price on Valero Energy from $175.00 to $190.00 and gave the stock a buy rating in a research report on Monday, April 8th. Piper Sandler raised their target price on Valero Energy from $161.00 to $198.00 and gave the stock an overweight rating in a research report on Wednesday, April 3rd. Wells Fargo & Company raised their target price on Valero Energy from $171.00 to $184.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Finally, Scotiabank raised their target price on Valero Energy from $138.00 to $165.00 and gave the stock a sector outperform rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $173.63.

Valero Energy Trading Down 2.9 %

Shares of VLO stock opened at $162.49 on Thursday. The stock’s fifty day moving average price is $158.12 and its two-hundred day moving average price is $139.11. The company has a market cap of $54.02 billion, a PE ratio of 6.57, a P/E/G ratio of 1.61 and a beta of 1.54. Valero Energy has a fifty-two week low of $104.18 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same quarter last year, the business posted $8.45 EPS. Valero Energy’s revenue for the quarter was down 15.2% on a year-over-year basis. Equities analysts predict that Valero Energy will post 17.31 EPS for the current fiscal year.

Institutional Trading of Valero Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its stake in Valero Energy by 5.8% during the 3rd quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock valued at $142,468,000 after purchasing an additional 55,351 shares during the last quarter. Stiles Financial Services Inc boosted its stake in Valero Energy by 49.7% during the 4th quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock valued at $991,000 after purchasing an additional 2,529 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Valero Energy by 14.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares during the last quarter. Nordea Investment Management AB boosted its stake in Valero Energy by 3.0% during the 4th quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock valued at $83,867,000 after purchasing an additional 18,575 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in Valero Energy by 10.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 83,290 shares of the oil and gas company’s stock valued at $11,803,000 after purchasing an additional 7,910 shares during the last quarter. 78.69% of the stock is owned by institutional investors.

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.