Valero Energy (NYSE:VLO) had its price target decreased by research analysts at Morgan Stanley from $145.00 to $135.00 in a research note issued to investors on Monday, October 29th. The brokerage currently has a “buy” rating on the oil and gas company’s stock. Morgan Stanley’s target price points to a potential upside of 70.45% from the stock’s previous close.
A number of other research firms have also recently weighed in on VLO. ValuEngine cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Mizuho began coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Citigroup upped their price objective on shares of Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a research report on Friday, September 7th. Finally, Tudor Pickering cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $117.80.
NYSE VLO traded up $0.59 during trading hours on Monday, hitting $79.20. The company had a trading volume of 4,243,968 shares, compared to its average volume of 4,741,664. Valero Energy has a fifty-two week low of $78.00 and a fifty-two week high of $126.98. The company has a market cap of $33.35 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.64 and a beta of 1.15. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. On average, sell-side analysts forecast that Valero Energy will post 6.48 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. raised its stake in Valero Energy by 0.7% during the second quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock worth $6,557,000 after acquiring an additional 434 shares during the period. Allen Capital Group LLC increased its stake in shares of Valero Energy by 5.1% in the second quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock valued at $1,003,000 after purchasing an additional 436 shares during the period. Sigma Planning Corp increased its stake in shares of Valero Energy by 4.7% in the second quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock valued at $1,120,000 after purchasing an additional 457 shares during the period. ACG Wealth increased its stake in shares of Valero Energy by 13.3% in the second quarter. ACG Wealth now owns 4,076 shares of the oil and gas company’s stock valued at $452,000 after purchasing an additional 477 shares during the period. Finally, Appleton Partners Inc. MA increased its stake in shares of Valero Energy by 1.2% in the third quarter. Appleton Partners Inc. MA now owns 41,763 shares of the oil and gas company’s stock valued at $4,751,000 after purchasing an additional 497 shares during the period. Hedge funds and other institutional investors own 77.72% of the company’s stock.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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