Valero Energy (NYSE:VLO) Given New $140.00 Price Target at TD Cowen

Valero Energy (NYSE:VLO) had its target price decreased by equities research analysts at TD Cowen from $145.00 to $140.00 in a report released on Friday, Briefing.com reports. The firm presently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s price target points to a potential upside of 6.58% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Bank of America began coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Scotiabank cut their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. The Goldman Sachs Group lowered their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, BMO Capital Markets dropped their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.60.

Valero Energy Stock Performance

VLO stock opened at $131.36 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.48 and a quick ratio of 1.04. The company has a market capitalization of $42.09 billion, a P/E ratio of 7.51, a PEG ratio of 3.53 and a beta of 1.39. The business has a 50-day moving average price of $138.91 and a 200 day moving average price of $150.60. Valero Energy has a 1-year low of $119.88 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $7.49 EPS. As a group, equities research analysts forecast that Valero Energy will post 9.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of VLO. Ameriprise Financial Inc. raised its position in Valero Energy by 2.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after buying an additional 192,397 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock valued at $677,007,000 after purchasing an additional 237,347 shares in the last quarter. Pacer Advisors Inc. increased its position in Valero Energy by 1.9% during the 2nd quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after purchasing an additional 56,989 shares during the period. Legal & General Group Plc raised its stake in shares of Valero Energy by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after buying an additional 82,539 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Valero Energy by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock valued at $352,292,000 after buying an additional 65,632 shares during the period. Institutional investors and hedge funds 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.