Valero Energy (NYSE:VLO) Price Target Cut to $165.00 by Analysts at Mizuho

Valero Energy (NYSE:VLO) had its target price decreased by Mizuho from $171.00 to $165.00 in a research note published on Monday morning,Benzinga reports. Mizuho currently has an outperform rating on the oil and gas company’s stock.

A number of other research analysts have also issued reports on VLO. BMO Capital Markets decreased their target price on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Scotiabank reduced their target price on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. The Goldman Sachs Group cut their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research report on Monday, September 16th. Finally, Citigroup decreased their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and an average price target of $155.07.

Valero Energy Price Performance

Shares of NYSE VLO opened at $125.07 on Monday. The firm has a market cap of $39.60 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39. The business’s 50 day moving average is $135.89 and its 200-day moving average is $143.00. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy has a 1-year low of $124.02 and a 1-year high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping 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 company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same quarter last year, the business earned $7.49 EPS. Equities research analysts predict that Valero Energy will post 8.86 earnings per share for the current year.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.42%. Valero Energy’s dividend payout ratio is presently 38.39%.

Institutional Trading of Valero Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. International Private Wealth Advisors LLC grew its holdings in Valero Energy by 3.4% during the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares during the last quarter. OmniStar Financial Group Inc. increased its holdings in Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. raised its position in Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock valued at $794,000 after buying an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC increased its stake in shares of Valero Energy by 4.3% in the second quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 73 shares during the period. 78.69% of the stock is currently owned by institutional investors.

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.