Valero Energy Co. (NYSE:VLO) Given a $70.00 Price Target by Scotiabank Analysts
Several other research firms have also commented on VLO. BidaskClub upgraded Valero Energy from a hold rating to a buy rating in a research note on Wednesday, July 12th. Citigroup Inc. dropped their target price on Valero Energy from $70.00 to $68.00 and set a buy rating for the company in a research note on Monday, July 17th. Standpoint Research began coverage on Valero Energy in a research note on Friday, June 30th. They issued an accumulate rating and a $84.00 target price for the company. Royal Bank Of Canada upped their target price on Valero Energy from $77.00 to $78.00 and gave the company an outperform rating in a research note on Wednesday, April 26th. Finally, Credit Suisse Group reiterated a hold rating and issued a $65.00 target price on shares of Valero Energy in a research note on Wednesday, June 21st. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Valero Energy has a consensus rating of Buy and a consensus target price of $71.59.
Valero Energy (NYSE:VLO) opened at 66.69 on Thursday. The stock has a market capitalization of $29.83 billion, a PE ratio of 16.48 and a beta of 1.22. The stock’s 50 day moving average price is $66.91 and its 200-day moving average price is $66.06. Valero Energy has a 12-month low of $51.16 and a 12-month high of $71.40.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy had a return on equity of 6.12% and a net margin of 1.47%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.07 earnings per share. Analysts expect that Valero Energy will post $4.08 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy’s payout ratio is 69.14%.
In other news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of VLO. Raymond James Trust N.A. increased its stake in shares of Valero Energy by 3.2% in the first quarter. Raymond James Trust N.A. now owns 16,985 shares of the oil and gas company’s stock valued at $1,126,000 after buying an additional 534 shares during the last quarter. Weaver C. Barksdale & Associates Inc. increased its stake in shares of Valero Energy by 37.3% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 21,988 shares of the oil and gas company’s stock valued at $1,458,000 after buying an additional 5,970 shares during the last quarter. Denali Advisors LLC increased its stake in shares of Valero Energy by 30.5% in the first quarter. Denali Advisors LLC now owns 193,194 shares of the oil and gas company’s stock valued at $12,807,000 after buying an additional 45,128 shares during the last quarter. Trust Co increased its stake in shares of Valero Energy by 3.0% in the fourth quarter. Trust Co now owns 7,795 shares of the oil and gas company’s stock valued at $533,000 after buying an additional 224 shares during the last quarter. Finally, Acropolis Investment Management LLC increased its stake in shares of Valero Energy by 17.0% in the first quarter. Acropolis Investment Management LLC now owns 12,880 shares of the oil and gas company’s stock valued at $854,000 after buying an additional 1,875 shares during the last quarter. 79.18% of the stock is owned by institutional investors.
Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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