Valero Energy (NYSE:VLO) PT Raised to $165.00 at Scotiabank

Valero Energy (NYSE:VLO) had its target price increased by equities research analysts at Scotiabank from $138.00 to $165.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “sector outperform” rating on the oil and gas company’s stock. Scotiabank’s price objective suggests a potential downside of 4.95% from the stock’s previous close.

VLO has been the subject of several other research reports. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $156.00 to $210.00 in a research note on Friday, March 15th. Barclays increased their target price on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Wells Fargo & Company increased their target price on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $172.40.

Valero Energy Trading Down 1.9 %

NYSE:VLO opened at $173.60 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The firm has a market cap of $57.72 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.54. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79. The firm has a 50-day moving average price of $155.96 and a two-hundred day moving average price of $138.45.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company’s revenue for the quarter was down 15.2% on a year-over-year basis. During the same quarter last year, the business posted $8.45 EPS. On average, equities analysts expect that Valero Energy will post 17.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC bought a new position in Valero Energy in the 3rd quarter valued at $28,000. Rise Advisors LLC bought a new position in Valero Energy in the 1st quarter valued at $33,000. Indiana Trust & Investment Management CO bought a new position in Valero Energy in the 3rd quarter valued at $28,000. BKM Wealth Management LLC bought a new position in Valero Energy in the 4th quarter valued at $26,000. Finally, Live Oak Investment Partners bought a new position in Valero Energy in the 4th quarter valued at $26,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Company Profile

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.