Valero Energy (NYSE:VLO) Price Target Cut to $173.00 by Analysts at Barclays

Valero Energy (NYSE:VLO) had its target price reduced by Barclays from $179.00 to $173.00 in a report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the oil and gas company’s stock.

A number of other research firms also recently weighed in on VLO. Mizuho downgraded Valero Energy from a buy rating to a neutral rating and boosted their target price for the stock from $150.00 to $173.00 in a research report on Friday, March 22nd. Citigroup upped their price objective on Valero Energy from $160.00 to $192.00 and gave the company a buy rating in a report on Thursday, April 18th. TD Cowen dropped their price objective on Valero Energy from $190.00 to $185.00 and set a buy rating for the company in a report on Monday. JPMorgan Chase & Co. upped their price objective on Valero Energy from $177.00 to $178.00 and gave the company an overweight rating in a report on Monday, April 1st. Finally, Raymond James upped their price objective on Valero Energy from $154.00 to $155.00 and gave the company a strong-buy rating in a report on Friday, January 26th. 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 stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $174.40.

Valero Energy Trading Down 4.6 %

VLO stock opened at $159.79 on Tuesday. The company has a market cap of $53.13 billion, a P/E ratio of 7.91, a PEG ratio of 1.50 and a beta of 1.54. Valero Energy has a twelve month low of $104.18 and a twelve month 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 business has a fifty day moving average of $162.12 and a 200-day moving average of $141.29.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC acquired a new position in shares of Valero Energy during the third quarter worth about $383,000. Commonwealth Equity Services LLC boosted its position in shares of Valero Energy by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 269,543 shares of the oil and gas company’s stock worth $38,197,000 after buying an additional 8,081 shares during the period. Vicus Capital boosted its position in shares of Valero Energy by 7.9% during the third quarter. Vicus Capital now owns 4,096 shares of the oil and gas company’s stock worth $580,000 after buying an additional 301 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Valero Energy during the third quarter worth about $213,000. Finally, Xponance Inc. boosted its position in shares of Valero Energy by 23.1% during the third quarter. Xponance Inc. now owns 63,519 shares of the oil and gas company’s stock worth $9,001,000 after buying an additional 11,927 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

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.