TD Cowen Lowers Valero Energy (NYSE:VLO) Price Target to $185.00

Valero Energy (NYSE:VLO) had its price target reduced by TD Cowen from $190.00 to $185.00 in a research note issued to investors on Monday, MarketBeat.com reports. They currently have a buy rating on the oil and gas company’s stock.

Several other analysts have also recently weighed in on the stock. UBS Group lifted their price target on shares of Valero Energy from $167.00 to $197.00 and gave the company a buy rating in a report on Tuesday, March 26th. Citigroup increased their price target on shares of Valero Energy from $160.00 to $192.00 and gave the stock a buy rating in a research note on Thursday, April 18th. Wells Fargo & Company increased their target price on Valero Energy from $171.00 to $184.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Scotiabank raised their target price on Valero Energy from $138.00 to $165.00 and gave the company a sector outperform rating in a research note on Thursday, April 11th. Finally, The Goldman Sachs Group increased their price objective on Valero Energy from $130.00 to $171.00 and gave the stock a sell rating in a report on Friday, March 22nd. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $174.40.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $155.66 on Monday. The company’s fifty day simple moving average is $162.49 and its two-hundred day simple moving average is $141.39. Valero Energy has a 12-month low of $104.18 and a 12-month high of $184.79. The firm has a market cap of $51.75 billion, a PE ratio of 7.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. Valero Energy’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period last year, the firm earned $8.27 earnings per share. As a group, equities analysts expect that Valero Energy will post 18.37 EPS for the current year.

Institutional Investors Weigh In On Valero Energy

Institutional investors have recently made changes to their positions in the company. Collective Family Office LLC boosted its position in shares of Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock valued at $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock valued at $227,000 after acquiring an additional 59 shares during the last quarter. Covenant Asset Management LLC grew its stake in shares of Valero Energy by 0.4% in the first quarter. Covenant Asset Management LLC now owns 14,659 shares of the oil and gas company’s stock worth $2,502,000 after acquiring an additional 64 shares during the period. Drive Wealth Management LLC raised its holdings in shares of Valero Energy by 1.1% during the first quarter. Drive Wealth Management LLC now owns 5,797 shares of the oil and gas company’s stock valued at $990,000 after purchasing an additional 65 shares during the last quarter. Finally, Rovin Capital UT ADV lifted its position in Valero Energy by 3.5% during the first quarter. Rovin Capital UT ADV now owns 1,968 shares of the oil and gas company’s stock valued at $336,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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.