Valero Energy (VLO) – Analysts’ Weekly Ratings Changes

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A number of research firms have changed their ratings and price targets for Valero Energy (NYSE: VLO):

  • 1/10/2019 – Valero Energy had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies.
  • 1/9/2019 – Valero Energy was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 1/5/2019 – Valero Energy was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Among independent refiners, Valero Energy has the most diversified refinery base. Majority of it's refining plants are located at the Gulf coast area. This presence has helped Valero to increase its export volumes over the last few years as well as gain from high distillate margins. Higher throughput volumes along with impressive capacity utilization supported the better-than-expected results and have been rewarding Valero shareholders over the past four quarters. However, Valero witnessed a decline of 36% in free cashflow through the trailing 12 months as of Sep 30, 2018. In fact, Valero's free cashflow is likely to continue to plunge further as the latest mandate by the U.S. Environmental Protection Agency will compel the refiner to blend higher volumes of biofuels to gasoline in 2019. Valero’s Ethanol businesses are not doing well as the segment’s earnings failed to beat the Zacks Consensus Estimate in the last two quarters.”
  • 12/31/2018 – Valero Energy had its price target lowered by analysts at Raymond James from $105.00 to $100.00. They now have an “outperform” rating on the stock.
  • 11/28/2018 – Valero Energy was given a new $110.00 price target on by analysts at Mizuho. They now have a “hold” rating on the stock.
  • 11/26/2018 – Valero Energy was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 11/20/2018 – Valero Energy had its price target lowered by analysts at Morgan Stanley from $135.00 to $110.00. They now have a “buy” rating on the stock.
  • 11/15/2018 – Valero Energy had its price target lowered by analysts at Citigroup Inc from $132.00 to $122.00. They now have a “buy” rating on the stock.

NYSE:VLO traded up $0.42 during mid-day trading on Monday, reaching $78.89. 135,543 shares of the stock were exchanged, compared to its average volume of 3,820,477. The firm has a market cap of $32.79 billion, a P/E ratio of 15.91, a PEG ratio of 0.23 and a beta of 1.01. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $126.98. The company has a quick ratio of 0.99, a current ratio of 1.59 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. Sell-side analysts expect that Valero Energy Co. will post 6.16 EPS for the current year.

In related news, Director Randall J. Weisenburger purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the purchase, the director now owns 53,717 shares of the company’s stock, valued at approximately $3,907,374.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VLO. Truvestments Capital LLC purchased a new position in Valero Energy in the 3rd quarter worth about $101,000. Honkamp Krueger Financial Services Inc. purchased a new position in Valero Energy during the 3rd quarter valued at about $135,000. IMS Capital Management purchased a new position in Valero Energy during the 3rd quarter valued at about $139,000. Reilly Financial Advisors LLC grew its stake in Valero Energy by 1,164.4% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 1,211 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in Valero Energy by 68.1% during the 3rd quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock valued at $154,000 after acquiring an additional 548 shares in the last quarter. 78.13% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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