Valero Energy (NYSE:VLO)‘s stock had its “overweight” rating reiterated by analysts at Piper Jaffray Companies in a report issued on Thursday, MarketBeat.com reports. Piper Jaffray Companies also issued estimates for Valero Energy’s Q2 2020 earnings at $3.15 EPS.
Several other research firms have also commented on VLO. Morgan Stanley set a $145.00 target price on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, October 12th. Zacks Investment Research raised shares of Valero Energy from a “strong sell” rating to a “hold” rating in a report on Saturday, January 5th. Goldman Sachs Group lowered shares of Valero Energy from a “neutral” rating to a “sell” rating in a report on Friday, October 19th. ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Tudor Pickering lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Hold” and a consensus price target of $117.29.
VLO stock opened at $78.47 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59. Valero Energy has a 52 week low of $68.81 and a 52 week high of $126.98. The firm has a market cap of $32.79 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 0.23 and a beta of 1.01.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The company had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion. Research analysts expect that Valero Energy will post 6.16 earnings per share for the current year.
In other news, Director Randall J. Weisenburger purchased 25,000 shares of the business’s stock in a transaction on Tuesday, December 11th. The shares were acquired at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the acquisition, the director now directly owns 53,717 shares in the company, valued at $3,907,374.58. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. New England Research & Management Inc. bought a new stake in shares of Valero Energy during the 4th quarter valued at about $946,000. First Hawaiian Bank boosted its stake in shares of Valero Energy by 38.2% during the 4th quarter. First Hawaiian Bank now owns 14,869 shares of the oil and gas company’s stock valued at $1,115,000 after purchasing an additional 4,107 shares in the last quarter. Adams Asset Advisors LLC boosted its stake in shares of Valero Energy by 4.9% during the 4th quarter. Adams Asset Advisors LLC now owns 117,703 shares of the oil and gas company’s stock valued at $8,824,000 after purchasing an additional 5,485 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in shares of Valero Energy by 16.8% during the 4th quarter. Acropolis Investment Management LLC now owns 11,176 shares of the oil and gas company’s stock valued at $838,000 after purchasing an additional 1,611 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Valero Energy by 8.0% during the 4th quarter. State of Alaska Department of Revenue now owns 167,538 shares of the oil and gas company’s stock valued at $12,558,000 after purchasing an additional 12,429 shares in the last quarter. 78.13% of the stock is currently owned by institutional investors and hedge funds.
About Valero Energy
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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