Macquarie upgraded shares of Valero Energy Corp. (NYSE:VLO) from a neutral rating to an outperform rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports. The firm currently has $65.00 price target on the stock, up from their previous price target of $41.00.
Valero Energy Corp. (NYSE:VLO) opened at 45.35 on Thursday. Valero Energy Corp. has a one year low of $28.8208 and a one year high of $47.26. The stock’s 50-day moving average is $41.99 and its 200-day moving average is $37.62. The company has a market cap of $24.469 billion and a price-to-earnings ratio of 10.22.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. The company had revenue of $36.14 billion for the quarter, compared to the consensus estimate of $29.76 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $3.27 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, December 18th. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.23 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend is Monday, November 25th.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. reiterated a buy rating on shares of Valero Energy Corp. in a research note to investors on Tuesday. They now have a $59.00 price target on the stock, up previously from $45.00. Separately, analysts at Zacks reiterated a neutral rating on shares of Valero Energy Corp. in a research note to investors on Friday, November 29th. They now have a $48.00 price target on the stock. Finally, analysts at Imperial Capital raised their price target on shares of Valero Energy Corp. from $37.00 to $41.00 in a research note to investors on Monday, November 4th. They now have an in-line rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $49.21.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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