Equity researchers at Wells Fargo & Company have raised their price target on Valero Energy from $120.00 to $135.00. This suggests a potential upside of 4.59% from the stock’s previous close.
Other analysts have also recently issued reports about the company. Mizuho dropped their target price on Valero Energy from $174.00 to $152.00. Tudor Pickering and Tudor, Pickering, Holt & Co. both downgraded Valero Energy from a “buy” rating to a “hold” rating. Bank of America increased their target price on Valero Energy from $157.00 to $160.00. Barclays decreased their price target from $166.00 to $139.00.
Valero Energy shares (NYSE:VLO) opened at $129.07. The company has a 50-day moving average price of $114.96 and a 200-day moving average price of $124.35. Its 52-week low is $97.73 and its 52-week high is $150.39. The company has a market cap of $46.66 billion, a price-to-earnings ratio of 4.45, a PEG ratio of 0.97, and a beta of 1.65. It has a quick ratio of 1.03, a current ratio of 1.52, and a debt-to-equity ratio of 0.38.
Valero Energy reported $5.40 EPS for the quarter, beating the consensus estimate of $5.08. The firm had revenue of $34.51 billion, compared to analysts’ expectations of $34.37 billion. Valero Energy had a return on equity of 43.38% and a net margin of 6.96%. The company’s revenue for the quarter was down 33.2% from the same quarter last year.
Several institutional investors have made changes to their positions in Valero Energy. Blair William & Co. IL raised its position by 1.9% during the 1st quarter. Sei Investments Co. raised its position by 21.7% during the 1st quarter. Canada Pension Plan Investment Board raised its position by 12.5% during the 1st quarter. Prudential PLC bought a new position in Valero Energy during the 1st quarter. Moors & Cabot Inc. grew its holdings by 21.0% during the 1st quarter. Institutional investors now own 78.00% of the company’s stock.
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces various fuels including gasoline, diesel, jet fuel, and asphalt. It also produces petrochemicals such as aromatics and sulfur crude oils.
