Valero Energy stock: DBS downgrades Valero Energy stock to Hold at USD 436.00

DBS downgraded Valero Energy to Hold and set a USD 436.00 price target on October 19, 2026, according to MarketScreener. Valero Energy stock was trading at EUR 391.90 at Lang & Schwarz on October 21, 2026 at 4:12 p.m. CEST, up 1.74 percent versus the Tradegate close of October 20, 2026 at EUR 385.20.

DBS target sets the reference point

The DBS call leaves the target 10.23 percent above Valero's euro price only when both figures are treated in the same currency, so that comparison is not made here. The relevant investor takeaway is the gap between a USD target and a euro quotation, which requires separate currency analysis rather than a direct return calculation.

MarketScreener also listed a consensus target of USD 412.21 from 20 analysts and a consensus rating of Outperform on October 19, 2026. That average target was below the USD 436.00 level attached to the DBS rating.

Quarterly earnings provide the operating base

Valero reported USD 12.62 diluted earnings per share for the second quarter of 2026, compared with USD 2.28 in the second quarter of 2025. The company reported USD 3.7 billion of net income attributable to stockholders, while refining operating income reached USD 4.5 billion versus USD 1.3 billion a year earlier, according to the SEC filing dated July 30, 2026.

The same release reported USD 44.476 billion of second-quarter revenue and USD 5.6 billion of operating cash flow. Valero returned USD 2.6 billion to stockholders in the quarter and declared a USD 1.20 per-share quarterly dividend on July 16, 2026.

Price position and valuation

Valero's USD 126.2 billion market capitalization and 18.18 P/E ratio place the refiner between Marathon Petroleum and Phillips 66 on the current market comparison. Valero's primary listing is on the NYSE, where the stock was last quoted at USD 438.46 on October 21, 2026 at 10:26 a.m. ET.

The 52-week USD 156.26 to USD 461.52 range puts the current US quotation USD 23.06 below the high. The 21.10 percent gap is calculated from USD 438.46 and USD 461.52, while the euro quotation serves as the German trading perspective.

Comparison with peers

Valero Energy: up 1.74 percent, P/E 18.18, market capitalization USD 126.2 billion.

Marathon Petroleum (NYSE, USD): up 0.29 percent, P/E 16.41, market capitalization USD 133.8 billion.

Phillips 66 (NYSE, USD): up 0.62 percent, P/E 16.67, market capitalization USD 117.4 billion.

Next corporate date

Valero's next scheduled corporate date is October 22, 2026, when it is due to release third-quarter results before the market opens. Energy News Beat reported the timing and cited a USD 21.23 consensus estimate for earnings per share on October 19, 2026, while the second-quarter reported figure was USD 12.62.

Euro quotation remains higher

At EUR 391.90, the Lang & Schwarz quotation stood 1.74 percent above the Tradegate close of October 20, 2026 at EUR 385.20. The move is positive, while the analyst target, the upcoming reporting date and second-quarter operating figures remain separate reference points.

The further course of trading is shown by the continuously updated real-time quote of Valero Energy stock.

Valero Energy market data

• Company: Valero Energy Corporation
• ISIN: US91913Y1001
• Ticker: VLO
• Primary exchange: NYSE
• Price Lang & Schwarz (as of October 21, 2026, 4:12 p.m. CEST): EUR 391.90
• Change versus Tradegate close: plus 1.74 percent
• Tradegate close (October 20, 2026): EUR 385.20
• Market capitalization: USD 126.2 billion (as of October 21, 2026)
• 52-week range: USD 156.26-461.52 (as of October 21, 2026)
• Sector / Industry: Energy / Oil and Gas Refining and Marketing

Market context: Market report S&P 500.

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