Valero Energy Corporation (VLO) Given Consensus Rating of “Hold” by Analysts
Valero Energy Corporation (NYSE:VLO) has been given a consensus rating of “Hold” by the twenty-six research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $76.52.
VLO has been the topic of several research reports. Zacks Investment Research lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 target price on shares of Valero Energy Corporation in a research note on Thursday, August 31st. BidaskClub downgraded shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $86.00 target price (up previously from $85.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 10th.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the sale, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,768 shares of company stock valued at $4,141,471 over the last quarter. 0.45% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its holdings in Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares during the last quarter. BKD Wealth Advisors LLC raised its holdings in Valero Energy Corporation by 0.4% during the 2nd quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock valued at $441,000 after buying an additional 24 shares during the last quarter. Brown Advisory Securities LLC raised its holdings in Valero Energy Corporation by 0.7% during the 1st quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock valued at $254,000 after buying an additional 25 shares during the last quarter. Eads & Heald Investment Counsel raised its holdings in Valero Energy Corporation by 0.3% in the 2nd quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after purchasing an additional 25 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its holdings in Valero Energy Corporation by 0.7% in the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.
Shares of Valero Energy Corporation (VLO) opened at $80.87 on Monday. The company has a market cap of $35,720.00, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.05 and a quick ratio of 1.31. Valero Energy Corporation has a 12-month low of $57.57 and a 12-month high of $82.19.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 earnings per share. equities analysts forecast that Valero Energy Corporation will post 4.77 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. Valero Energy Corporation’s payout ratio is 69.31%.
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Valero Energy Corporation 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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