Valero Energy (NYSE:VLO) had its target price upped by analysts at Morgan Stanley from $100.00 to $110.00 in a note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the oil and gas company’s stock. Morgan Stanley’s price target would indicate a potential upside of 5.45% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Citigroup raised Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, February 14th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Cowen reaffirmed a “buy” rating and issued a $100.00 price target on shares of Valero Energy in a research report on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Valero Energy in a research report on Tuesday, January 30th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $93.00 price target on shares of Valero Energy in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. Valero Energy presently has a consensus rating of “Hold” and a consensus price target of $95.94.

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Valero Energy stock traded up $2.48 on Monday, hitting $104.31. 737,454 shares of the stock traded hands, compared to its average volume of 3,372,004. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $44,110.31, a P/E ratio of 21.03, a P/E/G ratio of 1.16 and a beta of 1.01. Valero Energy has a 1 year low of $60.69 and a 1 year high of $104.37.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. analysts predict that Valero Energy will post 7.13 earnings per share for the current year.

Valero Energy announced that its board has approved a stock repurchase program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky bought a new stake in Valero Energy in the 4th quarter worth about $102,000. Parkside Financial Bank & Trust increased its holdings in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares in the last quarter. SWS Partners bought a new stake in Valero Energy in the 4th quarter worth about $127,000. Harvest Fund Management Co. Ltd bought a new stake in Valero Energy in the 4th quarter worth about $135,000. Finally, Chicago Partners Investment Group LLC increased its holdings in Valero Energy by 300.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,398 shares in the last quarter. Institutional investors own 80.90% of the company’s stock.

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Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

Analyst Recommendations for Valero Energy (NYSE:VLO)

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