Valero Energy (NYSE:VLO) Price Target Raised to $184.00 at Barclays

Valero Energy (NYSE:VLO) had its target price hoisted by Barclays from $169.00 to $184.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the oil and gas company’s stock. Barclays‘s price target would indicate a potential upside of 1.44% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Wall Street Zen cut Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday. UBS Group reiterated a “buy” rating and set a $183.00 target price on shares of Valero Energy in a research note on Friday, October 24th. Piper Sandler boosted their target price on Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley downgraded Valero Energy from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $160.00 to $175.00 in a report on Friday, October 3rd. Finally, Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $152.00 to $179.00 in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average target price of $182.00.

Valero Energy Stock Down 0.2%

VLO traded down $0.37 during trading on Monday, reaching $181.39. 606,325 shares of the stock were exchanged, compared to its average volume of 3,080,630. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The stock’s 50 day moving average price is $166.75 and its two-hundred day moving average price is $147.82. Valero Energy has a twelve month low of $99.00 and a twelve month high of $183.93. The stock has a market cap of $55.33 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. Equities analysts expect that Valero Energy will post 7.92 EPS for the current year.

Institutional Trading of Valero Energy

A number of institutional investors have recently bought and sold shares of VLO. Gotham Asset Management LLC raised its position in shares of Valero Energy by 81.8% in the third quarter. Gotham Asset Management LLC now owns 71,382 shares of the oil and gas company’s stock valued at $12,153,000 after buying an additional 32,122 shares in the last quarter. Focus Partners Wealth increased its stake in Valero Energy by 1.8% during the 3rd quarter. Focus Partners Wealth now owns 45,355 shares of the oil and gas company’s stock worth $7,722,000 after acquiring an additional 798 shares during the period. Bollard Group LLC raised its holdings in Valero Energy by 4.9% in the 3rd quarter. Bollard Group LLC now owns 65,222 shares of the oil and gas company’s stock valued at $11,105,000 after acquiring an additional 3,018 shares in the last quarter. Ausdal Financial Partners Inc. raised its holdings in Valero Energy by 23.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 5,256 shares of the oil and gas company’s stock valued at $895,000 after acquiring an additional 998 shares in the last quarter. Finally, Bridgefront Capital LLC bought a new stake in shares of Valero Energy during the 3rd quarter valued at $456,000. Institutional investors own 78.69% of the company’s stock.

About Valero Energy

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.