Valero Energy (NYSE:VLO) Price Target Lowered to $131.00 at The Goldman Sachs Group

Valero Energy (NYSE:VLO) had its price target cut by analysts at The Goldman Sachs Group from $149.00 to $131.00 in a report released on Monday, Benzinga reports. The firm currently has a “sell” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 1.98% from the stock’s previous close.

Other analysts also recently issued research reports about the company. Scotiabank boosted their price objective on Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12th. Piper Sandler cut their target price on Valero Energy from $187.00 to $169.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Barclays dropped their price objective on Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Finally, StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average target price of $171.36.

Valero Energy Stock Performance

Shares of NYSE:VLO traded down $0.61 during trading on Monday, hitting $133.65. 430,941 shares of the company were exchanged, compared to its average volume of 2,973,675. Valero Energy has a 52-week low of $119.88 and a 52-week high of $184.79. The stock has a 50 day moving average of $146.50 and a 200 day moving average of $155.48. 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 cap of $43.70 billion, a PE ratio of 6.62, a P/E/G ratio of 2.73 and a beta of 1.40.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The business had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period in the previous year, the business posted $5.40 earnings per share. Valero Energy’s revenue for the quarter was down .1% on a year-over-year basis. As a group, equities research analysts predict that Valero Energy will post 12.3 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VLO. Collective Family Office LLC boosted its stake in shares of Valero Energy by 1.5% during the 1st quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after acquiring an additional 58 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Valero Energy by 4.7% in the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after buying an additional 59 shares during the period. International Private Wealth Advisors LLC grew its position in shares of Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 65 shares in the last quarter. Aua Capital Management LLC lifted its holdings in shares of Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock worth $386,000 after buying an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. increased its holdings in Valero Energy by 1.6% in the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

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.