Piper Sandler Cuts Valero Energy (NYSE:VLO) Price Target to $187.00

Valero Energy (NYSE:VLOFree Report) had its price objective trimmed by Piper Sandler from $198.00 to $187.00 in a research report released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. boosted their target price on Valero Energy from $177.00 to $178.00 and gave the stock an overweight rating in a report on Monday, April 1st. Scotiabank boosted their price target 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. Citigroup boosted their price target on Valero Energy from $160.00 to $192.00 and gave the stock a buy rating in a research report on Thursday, April 18th. Bank of America raised Valero Energy from a neutral rating to a buy rating and boosted their price target for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. Finally, Raymond James boosted their price target 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $173.87.

View Our Latest Report on VLO

Valero Energy Stock Performance

Valero Energy stock opened at $155.89 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $50.98 billion, a P/E ratio of 7.72, a PEG ratio of 1.44 and a beta of 1.55. The stock has a fifty day moving average price of $164.88 and a 200 day moving average price of $143.00. Valero Energy has a 52 week low of $105.66 and a 52 week high of $184.79.

Valero Energy (NYSE:VLOGet Free Report) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The business had revenue of $31.76 billion during the quarter, compared to analysts’ expectations of $32.02 billion. During the same quarter in the previous year, the business earned $8.27 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. Equities research analysts anticipate that Valero Energy will post 18.01 earnings per share for the current year.

Insider Activity at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares in the company, valued at approximately $2,105,209.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VLO. Norges Bank bought a new position in Valero Energy during the 4th quarter worth $570,428,000. International Assets Investment Management LLC grew its stake in shares of Valero Energy by 12,883.3% in the fourth quarter. International Assets Investment Management LLC now owns 1,047,360 shares of the oil and gas company’s stock worth $136,157,000 after purchasing an additional 1,039,293 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Valero Energy by 94.4% in the third quarter. Acadian Asset Management LLC now owns 1,429,706 shares of the oil and gas company’s stock worth $202,585,000 after purchasing an additional 694,224 shares in the last quarter. Morgan Stanley grew its stake in shares of Valero Energy by 6.1% in the third quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after purchasing an additional 517,068 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. grew its stake in shares of Valero Energy by 18.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock worth $310,655,000 after purchasing an additional 376,449 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Company Profile

(Get Free Report)

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.

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