Valero Energy Co. (NYSE:VLO) has been given a consensus recommendation of “Buy” by the seventeen brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $101.82.
VLO has been the subject of several recent research reports. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. reduced their target price on shares of Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a report on Tuesday, September 10th. Finally, Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $96.00 to $92.00 in a report on Thursday, June 6th.
VLO traded down $0.70 during trading hours on Friday, hitting $82.85. 3,401,946 shares of the company’s stock were exchanged, compared to its average volume of 3,367,219. Valero Energy has a 1-year low of $68.81 and a 1-year high of $120.72. The stock’s 50-day moving average is $78.57 and its two-hundred day moving average is $81.90. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 2.11 and a beta of 1.50. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The business had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. During the same quarter in the prior year, the company posted $2.15 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy will post 4.99 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date was Monday, August 5th. Valero Energy’s dividend payout ratio is currently 48.85%.
A number of hedge funds have recently made changes to their positions in VLO. Advisory Alpha LLC acquired a new stake in Valero Energy in the first quarter valued at $27,000. Archford Capital Strategies LLC lifted its stake in shares of Valero Energy by 122.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after buying an additional 200 shares during the last quarter. Titan Capital Management LLC CA acquired a new stake in shares of Valero Energy during the 2nd quarter worth about $32,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Valero Energy during the 2nd quarter worth about $32,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Valero Energy during the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 76.33% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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