Mizuho Issues Pessimistic Forecast for Valero Energy (NYSE:VLO) Stock Price

Valero Energy (NYSE:VLO) had its price target decreased by research analysts at Mizuho from $165.00 to $158.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s target price would indicate a potential upside of 26.19% from the company’s current price.

Other research analysts also recently issued reports about the company. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Bank of America started coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. Wells Fargo & Company cut their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Scotiabank lowered their price target 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 1.0 %

VLO opened at $125.21 on Wednesday. Valero Energy has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a market cap of $39.64 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $131.01 and a 200 day simple moving average of $139.26.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm 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 13.07% and a net margin of 2.74%. The business’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $7.49 EPS. On average, sell-side analysts anticipate that Valero Energy will post 8.86 earnings per share for the current year.

Institutional Investors Weigh In On Valero Energy

A number of large investors have recently added to or reduced their stakes in VLO. Peterson Financial Group Inc. bought a new stake in shares of Valero Energy during the 3rd quarter valued at $28,000. Compagnie Lombard Odier SCmA acquired a new stake in Valero Energy during the third quarter worth about $34,000. True Wealth Design LLC increased its holdings in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Valero Energy during the 3rd quarter worth approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $50,000. 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.