Macquarie upgraded shares of Valero Energy (NYSE: VLO) from a neutral rating to an outperform rating in a research report sent to investors on Thursday morning. The firm currently has $53.00 price target on the stock, up from their previous price target of $48.00.
A number of other analysts have also recently weighed in on VLO. Analysts at Deutsche Bank raised their price target on shares of Valero Energy from $40.00 to $51.00 in a research note to investors on Monday, February 11th. They now have a hold rating on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Valero Energy in a research note to investors on Thursday, February 7th. They now have a $48.00 price target on the stock.
Shares of Valero Energy traded up 0.13% during mid-day trading on Thursday, hitting $47.29. Valero Energy has a one year low of $20.00 and a one year high of $47.66. The stock’s 50-day moving average is currently $39.80. The company has a market cap of $26.177 billion and a P/E ratio of 12.59.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, March 13th. Shareholders of record on Wednesday, February 13th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Monday, February 11th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.18.
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