Valero Energy Corporation (NYSE:VLO) Receives Average Rating of “Moderate Buy” from Brokerages

Valero Energy Corporation (NYSE:VLOGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, eleven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $243.6471.

A number of research analysts have issued reports on VLO shares. BMO Capital Markets lifted their price objective on Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Piper Sandler lifted their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. TD Cowen lifted their price objective on Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Wolfe Research reiterated an “underperform” rating and set a $203.00 price objective on shares of Valero Energy in a research note on Tuesday, April 21st. Finally, Scotiabank lifted their price objective on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd.

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More Valero Energy News

Here are the key news stories impacting Valero Energy this week:

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 8,311 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $227.69, for a total value of $1,892,331.59. Following the completion of the transaction, the senior vice president owned 42,242 shares in the company, valued at $9,618,080.98. The trade was a 16.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. National Pension Service grew its holdings in shares of Valero Energy by 3.6% in the third quarter. National Pension Service now owns 491,134 shares of the oil and gas company’s stock worth $83,620,000 after acquiring an additional 17,165 shares during the period. Barclays PLC grew its holdings in shares of Valero Energy by 5.3% in the third quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock worth $705,502,000 after acquiring an additional 209,597 shares during the period. Beacon Investment Advisory Services Inc. grew its holdings in shares of Valero Energy by 33.5% in the fourth quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after acquiring an additional 10,634 shares during the period. Applied Finance Capital Management LLC grew its holdings in shares of Valero Energy by 13.7% in the third quarter. Applied Finance Capital Management LLC now owns 115,183 shares of the oil and gas company’s stock worth $19,612,000 after acquiring an additional 13,923 shares during the period. Finally, Friedenthal Financial bought a new stake in shares of Valero Energy in the fourth quarter worth $954,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 2.4%

Shares of NYSE:VLO opened at $258.66 on Friday. The stock has a fifty day simple moving average of $243.02 and a two-hundred day simple moving average of $207.74. The stock has a market capitalization of $76.80 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 0.37 and a beta of 0.55. Valero Energy has a 12-month low of $125.50 and a 12-month high of $263.75. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLOGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The business had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, research analysts anticipate that Valero Energy will post 26.51 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 1.9%. Valero Energy’s payout ratio is currently 34.88%.

Valero Energy Company Profile

(Get Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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