Research Analysts’ Recent Ratings Updates for Valero Energy (VLO)

A number of firms have modified their ratings and price targets on shares of Valero Energy (NYSE: VLO) recently:

• 4/30/2024 – Valero Energy had its price target lowered by analysts at Barclays PLC from $179.00 to $173.00. They now have an “overweight” rating on the stock.
• 4/29/2024 – Valero Energy had its price target lowered by analysts at TD Cowen from $190.00 to $185.00. They now have a “buy” rating on the stock.
• 4/18/2024 – Valero Energy had its price target raised by analysts at Citigroup Inc. from $160.00 to $192.00. They now have a “buy” rating on the stock.
• 4/11/2024 – Valero Energy had its price target raised by analysts at Scotiabank from $138.00 to $165.00. They now have a “sector outperform” rating on the stock.
• 4/8/2024 – Valero Energy had its price target raised by analysts at TD Cowen from $175.00 to $190.00. They now have a “buy” rating on the stock.
• 4/4/2024 – Valero Energy had its price target raised by analysts at Wells Fargo & Company from $171.00 to $184.00. They now have an “equal weight” rating on the stock.
• 4/3/2024 – Valero Energy had its price target raised by analysts at Piper Sandler from $161.00 to $198.00. They now have an “overweight” rating on the stock.
• 4/3/2024 – Valero Energy had its price target raised by analysts at Barclays PLC from $149.00 to $179.00. They now have an “overweight” rating on the stock.
• 4/1/2024 – Valero Energy had its price target raised by analysts at JPMorgan Chase & Co. from $177.00 to $178.00. They now have an “overweight” rating on the stock.
• 3/26/2024 – Valero Energy had its price target raised by analysts at UBS Group AG from $167.00 to $197.00. They now have a “buy” rating on the stock.
• 3/22/2024 – Valero Energy had its price target raised by analysts at The Goldman Sachs Group, Inc. from $130.00 to $171.00. They now have a “sell” rating on the stock.
• 3/22/2024 – Valero Energy was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $173.00 price target on the stock, up previously from $150.00.
• 3/20/2024 – Valero Energy had its price target raised by analysts at Wells Fargo & Company from $138.00 to $171.00. They now have an “equal weight” rating on the stock.
• 3/15/2024 – Valero Energy was upgraded by analysts at Bank of America Co. from a “neutral” rating to a “buy” rating. They now have a $210.00 price target on the stock, up previously from $156.00.

Valero Energy Trading Up 0.9 %

Shares of NYSE:VLO traded up $1.35 during midday trading on Thursday, reaching $157.01. The company’s stock had a trading volume of 875,364 shares, compared to its average volume of 3,266,999. The business has a 50 day moving average price of $162.49 and a 200 day moving average price of $141.39. Valero Energy Co. has a 1 year low of $104.18 and a 1 year high of $184.79. The firm has a market cap of $52.20 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.55. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. Valero Energy had a net margin of 5.01% and a return on equity of 24.82%. Valero Energy’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the business earned $8.27 EPS. Research analysts forecast that Valero Energy Co. will post 18.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VLO. Kingswood Wealth Advisors LLC bought a new stake in shares of Valero Energy in the third quarter worth $213,000. Raymond James & Associates raised its stake in Valero Energy by 6.6% during the third quarter. Raymond James & Associates now owns 638,072 shares of the oil and gas company’s stock valued at $90,421,000 after buying an additional 39,330 shares in the last quarter. Independent Advisor Alliance lifted its holdings in Valero Energy by 63.1% during the 3rd quarter. Independent Advisor Alliance now owns 19,119 shares of the oil and gas company’s stock worth $2,709,000 after buying an additional 7,397 shares during the last quarter. Hanson & Doremus Investment Management grew its position in shares of Valero Energy by 4.6% in the 3rd quarter. Hanson & Doremus Investment Management now owns 16,883 shares of the oil and gas company’s stock worth $2,392,000 after acquiring an additional 750 shares in the last quarter. Finally, Channel Wealth LLC raised its position in shares of Valero Energy by 65.0% during the 3rd quarter. Channel Wealth LLC now owns 8,838 shares of the oil and gas company’s stock valued at $1,252,000 after acquiring an additional 3,481 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

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.