Valero Energy (VLO) Given New $132.00 Price Target at JPMorgan Chase & Co.

Valero Energy (NYSE:VLO) had its price objective upped by investment analysts at JPMorgan Chase & Co. from $128.00 to $132.00 in a report issued on Friday, July 27th. The firm presently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 14.41% from the company’s current price.

Other analysts have also issued research reports about the company. Tudor Pickering raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, May 18th. Edward Jones raised Valero Energy from a “hold” rating to a “buy” rating in a report on Thursday, May 10th. Argus boosted their price target on Valero Energy to $130.00 and gave the company a “buy” rating in a report on Thursday, May 10th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Finally, Morgan Stanley upped their price objective on Valero Energy from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Monday, April 16th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.33.

Shares of VLO traded up $0.23 during trading hours on Friday, hitting $115.37. The stock had a trading volume of 2,059,267 shares, compared to its average volume of 2,925,847. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.67 and a quick ratio of 1.09. Valero Energy has a 12 month low of $64.22 and a 12 month high of $126.98. The firm has a market capitalization of $49.21 billion, a P/E ratio of 23.26, a PEG ratio of 1.95 and a beta of 0.99.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.17. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The company had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. During the same quarter in the previous year, the company posted $1.23 earnings per share. Valero Energy’s revenue was up 39.4% compared to the same quarter last year. analysts expect that Valero Energy will post 6.55 EPS for the current fiscal year.

In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph W. Gorder sold 85,493 shares of the company’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $121.23, for a total value of $10,364,316.39. Following the sale, the insider now owns 524,864 shares in the company, valued at $63,629,262.72. The disclosure for this sale can be found here. Insiders sold 87,493 shares of company stock worth $10,602,116 over the last quarter. 0.45% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. KHP Capital LLC bought a new position in shares of Valero Energy during the first quarter valued at approximately $104,000. Kiley Juergens Wealth Management LLC bought a new position in shares of Valero Energy during the second quarter valued at approximately $117,000. Kaizen Advisory LLC grew its stake in Valero Energy by 156.8% in the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after purchasing an additional 649 shares in the last quarter. Stelac Advisory Services LLC bought a new position in Valero Energy in the second quarter worth approximately $125,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co bought a new position in Valero Energy in the first quarter worth approximately $135,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

About Valero Energy

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.

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