Valero Energy (NYSE:VLO) PT Lowered to $146.00 at Barclays

by · The Cerbat Gem

Valero Energy (NYSE:VLO – Free Report) had its price objective lowered by Barclays from $165.00 to $146.00 in a research report released on Wednesday, Benzinga reports. The brokerage currently has an overweight rating on the oil and gas company’s stock.

Several other brokerages have also commented on VLO. JPMorgan Chase & Co. cut their target price on Valero Energy from $172.00 to $151.00 and set an overweight rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price target 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. StockNews.com downgraded shares of Valero Energy from a buy rating to a hold rating in a report on Wednesday, July 17th. Mizuho dropped their price objective on shares of Valero Energy from $175.00 to $171.00 and set an outperform rating on the stock in a research note on Monday, September 16th. Finally, Piper Sandler cut shares of Valero Energy from an overweight rating to a neutral rating and dropped their price target for the company from $169.00 to $123.00 in a research report on Friday, September 20th. One equities 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 stock. According to data from MarketBeat, Valero Energy has an average rating of Moderate Buy and an average price target of $165.20.

Check Out Our Latest Research Report on VLO

Valero Energy Stock Performance

Valero Energy stock opened at $142.42 on Wednesday. Valero Energy has a 1 year low of $119.88 and a 1 year high of $184.79. 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 $46.57 billion, a P/E ratio of 7.05, a P/E/G ratio of 3.35 and a beta of 1.39. The business has a 50 day moving average of $142.67 and a 200-day moving average of $153.88.

Valero Energy (NYSE:VLO – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue was down .1% compared to the same quarter last year. During the same period last year, the company earned $5.40 earnings per share. On average, equities research analysts predict that Valero Energy will post 10.13 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is currently 21.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in VLO. Ameriprise Financial Inc. lifted its holdings in Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing 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 worth $677,007,000 after buying an additional 237,347 shares during the period. Putnam Investments LLC boosted its holdings in Valero Energy by 3.7% in the 4th quarter. Putnam Investments LLC now owns 3,445,821 shares of the oil and gas company’s stock worth $447,957,000 after buying an additional 122,207 shares during the period. Pacer Advisors Inc. grew its stake in Valero Energy by 1.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock valued at $473,118,000 after buying an additional 56,989 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in 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 valued at $440,394,000 after acquiring an additional 82,539 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

About Valero Energy

(Get Free Report)

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.

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