Shares of Valero Energy (NYSE:VLO) reached a new 52-week high and low on Tuesday after Morgan Stanley raised their price target on the stock from $100.00 to $110.00. Morgan Stanley currently has an equal weight rating on the stock. Valero Energy traded as low as $106.39 and last traded at $106.32, with a volume of 2384758 shares. The stock had previously closed at $105.49.
Several other equities analysts have also recently commented on the stock. Citigroup raised shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Wednesday, February 14th. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Cowen reissued a “buy” rating and set a $100.00 target price on shares of Valero Energy in a research note on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and set a $110.00 target price on shares of Valero Energy in a research note on Tuesday, January 30th. Finally, Scotiabank reissued a “buy” rating and set a $93.00 target price on shares of Valero Energy in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $95.94.
Large investors have recently bought and sold shares of the company. WINTON GROUP Ltd boosted its holdings in shares of Valero Energy by 831.0% in the fourth quarter. WINTON GROUP Ltd now owns 116,958 shares of the oil and gas company’s stock worth $10,750,000 after buying an additional 104,396 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Valero Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after buying an additional 72,930 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in shares of Valero Energy by 31.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 35,394 shares of the oil and gas company’s stock worth $3,253,000 after buying an additional 8,400 shares during the period. Mariner Wealth Advisors LLC boosted its holdings in shares of Valero Energy by 18.4% in the fourth quarter. Mariner Wealth Advisors LLC now owns 47,543 shares of the oil and gas company’s stock worth $4,369,000 after buying an additional 7,382 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Valero Energy by 53.9% in the fourth quarter. Koshinski Asset Management Inc. now owns 4,979 shares of the oil and gas company’s stock worth $458,000 after buying an additional 1,743 shares during the period. Institutional investors own 80.90% of the company’s stock.
The firm has a market capitalization of $44,110.31, a P/E ratio of 21.41, a PEG ratio of 1.16 and a beta of 1.01. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The company had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. During the same period last year, the company posted $0.81 earnings per share. The business’s revenue for the quarter was up 27.4% on a year-over-year basis. equities research analysts expect that Valero Energy will post 7.13 EPS for the current fiscal year.
Valero Energy announced that its board has approved a stock repurchase program on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is undervalued.
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Valero Energy Company Profile
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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