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

Valero Energy (NYSE:VLO) had its price target upped by investment analysts at Mizuho from $434.00 to $436.00 in a note issued to investors on Monday. Mizuho‘s price objective indicates a potential upside of 20.49% from the company’s previous close.

VLO has been the topic of several other reports. Piper Sandler increased their price target on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Raymond James Financial upped their price objective on Valero Energy from $350.00 to $450.00 and gave the company a “strong-buy” rating in a research report on Monday, September 14th. UBS Group reissued a “buy” rating and issued a $467.00 target price on shares of Valero Energy in a report on Tuesday, October 6th. Morgan Stanley raised their target price on Valero Energy from $411.00 to $420.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Weiss Ratings upgraded Valero Energy from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Thursday, October 29th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $411.79.

Valero Energy Stock Performance

Shares of NYSE VLO traded down $3.47 during trading on Monday, reaching $361.87. 2,001,298 shares of the company traded hands, compared to its average volume of 3,308,737. The firm has a 50 day simple moving average of $399.58 and a 200-day simple moving average of $287.97. The company has a quick ratio of 1.33, a current ratio of 1.72 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $104.19 billion, a PE ratio of 8.14, a P/E/G ratio of 0.20 and a beta of 0.58. Valero Energy has a 52-week low of $159.90 and a 52-week high of $461.52.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share for the quarter, beating analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The company had revenue of $46.10 billion for the quarter, compared to the consensus estimate of $42.71 billion. During the same quarter in the prior year, the firm earned $3.66 earnings per share. The firm’s revenue for the quarter was up 43.3% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy will post 57.83 earnings per share for the current year.

Hedge Funds Weigh In On Valero Energy

Several large investors have recently added to or reduced their stakes in VLO. DSG Capital Advisors LLC lifted its position in shares of Valero Energy by 4.4% in the third quarter. DSG Capital Advisors LLC now owns 8,599 shares of the oil and gas company’s stock valued at $3,333,000 after acquiring an additional 364 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Valero Energy by 3.2% during the third quarter. Illinois Municipal Retirement Fund now owns 108,547 shares of the oil and gas company’s stock worth $42,074,000 after purchasing an additional 3,352 shares in the last quarter. Northbridge Financial Group LLC raised its stake in Valero Energy by 26.9% during the 3rd quarter. Northbridge Financial Group LLC now owns 1,232 shares of the oil and gas company’s stock valued at $516,000 after purchasing an additional 261 shares during the period. Confluence Wealth Services Inc. raised its stake in Valero Energy by 35.1% during the 3rd quarter. Confluence Wealth Services Inc. now owns 12,923 shares of the oil and gas company’s stock valued at $5,009,000 after purchasing an additional 3,359 shares during the period. Finally, Moneco Advisors LLC lifted its holdings in Valero Energy by 10.4% in the 3rd quarter. Moneco Advisors LLC now owns 1,100 shares of the oil and gas company’s stock worth $426,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.

Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.

In addition to conventional refining, Valero has businesses focused on renewable fuels.