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

Valero Energy (NYSE: VLO) recently received a number of ratings updates from brokerages and research firms:

  • 1/20/2023 – Valero Energy had its price target raised by analysts at Morgan Stanley from $140.00 to $170.00. They now have an “overweight” rating on the stock.
  • 1/19/2023 – Valero Energy had its price target raised by analysts at The Goldman Sachs Group, Inc. from $111.00 to $126.00. They now have a “sell” rating on the stock.
  • 1/18/2023 – Valero Energy was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 1/17/2023 – Valero Energy was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a $160.00 price target on the stock, up previously from $135.00.
  • 1/13/2023 – Valero Energy had its price target raised by analysts at Raymond James from $152.00 to $169.00. They now have a “strong-buy” rating on the stock.
  • 1/10/2023 – Valero Energy was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating.
  • 1/10/2023 – Valero Energy had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $157.00 price target on the stock, up previously from $150.00.
  • 1/5/2023 – Valero Energy had its price target raised by analysts at Wells Fargo & Company from $137.00 to $140.00. They now have an “overweight” rating on the stock.
  • 12/19/2022 – Valero Energy had its price target lowered by analysts at Piper Sandler from $177.00 to $165.00. They now have an “overweight” rating on the stock.
  • 12/6/2022 – Valero Energy was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.

Valero Energy Stock Down 1.2 %

Shares of NYSE VLO traded down $1.68 during trading on Wednesday, hitting $143.35. The stock had a trading volume of 2,942,996 shares, compared to its average volume of 3,626,820. Valero Energy Co. has a 12 month low of $79.33 and a 12 month high of $160.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.32 and a quick ratio of 0.93. The company has a market capitalization of $55.26 billion, a PE ratio of 6.12, a PEG ratio of 1.12 and a beta of 1.63. The firm has a fifty day moving average of $129.41 and a two-hundred day moving average of $120.35.

Valero Energy (NYSE:VLOGet Rating) last posted its earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.00 by $0.14. Valero Energy had a net margin of 5.53% and a return on equity of 43.20%. The firm had revenue of $44.45 billion during the quarter, compared to analyst estimates of $41.16 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was up 50.6% compared to the same quarter last year. As a group, equities research analysts forecast that Valero Energy Co. will post 28.24 EPS for the current fiscal year.

Insider Activity at Valero Energy

In other Valero Energy news, EVP Gary K. Simmons sold 1,750 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $135.16, for a total transaction of $236,530.00. Following the sale, the executive vice president now directly owns 165,299 shares of the company’s stock, valued at $22,341,812.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Joseph W. Gorder sold 37,567 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $127.00, for a total transaction of $4,771,009.00. Following the sale, the chief executive officer now directly owns 569,786 shares in the company, valued at $72,362,822. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gary K. Simmons sold 1,750 shares of the stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $135.16, for a total transaction of $236,530.00. Following the completion of the sale, the executive vice president now directly owns 165,299 shares in the company, valued at $22,341,812.84. The disclosure for this sale can be found here. 0.04% of the stock is owned by company insiders.

Institutional Investors Weigh In On Valero Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. Independence Bank of Kentucky lifted its position in Valero Energy by 150.0% during the fourth quarter. Independence Bank of Kentucky now owns 250 shares of the oil and gas company’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Valero Energy by 2,470.0% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 257 shares of the oil and gas company’s stock worth $27,000 after acquiring an additional 247 shares during the last quarter. Key Financial Inc grew its position in Valero Energy by 81.7% in the second quarter. Key Financial Inc now owns 258 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 116 shares in the last quarter. HighMark Wealth Management LLC increased its stake in Valero Energy by 60.6% in the third quarter. HighMark Wealth Management LLC now owns 265 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 100 shares during the last quarter. Finally, IAG Wealth Partners LLC purchased a new stake in Valero Energy during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 79.28% of the company’s stock.

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment consists of refining operations, associated marketing activities, and logistics assets that support its refining operations.

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