Wells Fargo Raises Valero Energy (VLO) Price Target to $485

Wells Fargo has reaffirmed its Overweight rating on Valero Energy Corporation (NYSE: VLO), increasing the price target from $389.00 to $485.00 on October 14, 2026. This marks a significant adjustment, showing the firm's confidence in Valero's future performance.

As of October 16, 2026, Valero's stock was recently trading around $443.70, which is about 8.5% below the new price target set by Wells Fargo. This positioning suggests that analysts see potential for the stock to rise in the near future, especially given the positive outlook expressed in their rating.

Other Institutional Activity in Valero Energy

Several other institutional investors have made moves in Valero Energy recently. Blackrock Inc. reduced its stake by 868,802 shares, ending with 25,143,225 shares worth about $11.2 billion. Vanguard Capital Management LLC also cut its holdings by 231,573 shares, bringing its total to 19,393,258 shares valued at approximately $8.6 billion. Similarly, State Street Corporation decreased its position by 712,026 shares, leaving it with 18,903,012 shares worth around $8.4 billion.

Valero Energy Corporation Stock Down 0.1%

Valero Energy's shares are currently trading near $443.70, which is a crucial level as it sits below the newly set price target of $485.00. This suggests some room for growth according to Wells Fargo's outlook. The stock's recent performance has been strong, but it remains to be seen how it will respond to upcoming earnings and market conditions.

Recent Earnings

Valero reported a trailing twelve-month revenue of about $132.4 billion and an earnings per share (EPS) of $23.97. The company has a net margin of 5.4% and a return on equity (ROE) of 27.6%. Valero's next earnings report is scheduled for October 22, 2026.

Insider Buying and Selling at Valero Energy Corporation

Insider activity at Valero has seen some significant sales. Eric A Fisher, an officer at the company, sold 8,711 shares on March 12, 2026, valued at approximately $1.99 million. He also sold 7,500 shares on May 18, 2026, for about $1.89 million, and another 7,500 shares on June 18, 2026, valued at around $1.78 million. His last sale was on June 29, 2026, where he sold 7,500 shares for about $2.01 million.

Analysts Set New Price Targets

On October 14, 2026, Wells Fargo maintained its Overweight rating on Valero Energy with a new price target of $485.00. This follows several other firms that also issued ratings recently; Citigroup maintained a Neutral rating with a target of $485.00 on October 13, while Mizuho held a Neutral rating with a target of $434.00 on October 8. The consensus shows a mix of ratings, reflecting varied opinions on Valero's prospects.

About Valero Energy

Valero Energy Corporation manufactures and sells petroleum and low-carbon fuels and petrochemical products across various markets, including the U.S., Canada, and Europe. With a focus on refining and renewable diesel, Valero plays a vital role in the energy sector, making its performance closely watched by analysts and investors alike.

Bottom Line

Investors should keep an eye on Valero Energy, especially with its upcoming earnings report on October 22, 2026. The recent analyst rating from Wells Fargo adds to the conversation about the stock's potential, and further institutional moves could influence its performance in the coming weeks.