Valero Energy (NYSE:VLO) Price Target Lowered to $185.00 at TD Cowen

Valero Energy (NYSE:VLO) had its target price lowered by TD Cowen from $190.00 to $185.00 in a research report sent to investors on Monday morning, Marketbeat.com reports. The firm currently has a buy rating on the oil and gas company’s stock.

Other research analysts have also issued reports about the stock. UBS Group lifted their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the stock a buy rating in a research note on Tuesday, March 26th. Scotiabank lifted their price objective on shares of Valero Energy from $138.00 to $165.00 and gave the company a sector outperform rating in a report on Thursday, April 11th. Mizuho cut Valero Energy from a buy rating to a neutral rating and upped their target price for the stock from $150.00 to $173.00 in a report on Friday, March 22nd. The Goldman Sachs Group raised their price target on Valero Energy from $130.00 to $171.00 and gave the company a sell rating in a research note on Friday, March 22nd. Finally, Citigroup upped their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the stock a buy rating in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $174.80.

Valero Energy Price Performance

VLO stock opened at $167.53 on Monday. The company has a fifty day simple moving average of $161.63 and a two-hundred day simple moving average of $141.05. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $55.70 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $8.27 earnings per share. Analysts anticipate that Valero Energy will post 18.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Valero Energy

Several institutional investors have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Valero Energy during the 3rd quarter worth approximately $28,000. Rise Advisors LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $33,000. BKM Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter valued at about $26,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Valero Energy in the fourth quarter valued at about $36,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of Valero Energy in the fourth quarter worth about $38,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

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.