Piper Sandler Raises PT on Valero Energy Corporation (VLO); Maintains 'Overweight' Rating

Valero Energy Corporation (NYSE:VLO) is included in our list of the 13 Best Oil Refinery Stocks to Buy Right Now.

On July 28, 2025, Piper Sandler increased its price target on Valero Energy Corporation (NYSE:VLO) from $159 to $168, maintaining an ‘Overweight’ rating. The analyst cited the company’s resilience demonstrated in Q2. However, Piper Sandler advised caution for the short term as it expects regulatory uncertainty and margin softness in the company’s Renewable Diesel (RD) segment. As such, this uncertainty has resulted in Q3 production cuts and negative revisions to second-half 2025 RD earnings.

Overall, the analyst expressed optimism about Valero Energy Corporation (NYSE:VLO)’s core refining strength despite the RD segment’s upcoming challenges. Piper Sandler believes the stock remains a solid long-term investment.

Operating across the U.S., Americas, Europe, and the rest of the world, Valero Energy Corporation (NYSE:VLO) deals in petroleum-based and low-carbon transportation fuels and petrochemical products.

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