Valero Energy Corporation (VLO) Receives Average Recommendation of “Buy” from Analysts
Shares of Valero Energy Corporation (NYSE:VLO) have received an average recommendation of “Buy” from the twenty-one brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $72.38.
Several analysts have recently weighed in on VLO shares. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a research report on Monday, May 22nd. BidaskClub lowered Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC cut their target price on Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. Finally, Credit Suisse Group restated a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st.
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Shares of Valero Energy Corporation (VLO) traded up 1.11% during mid-day trading on Wednesday, hitting $68.42. 6,438,974 shares of the stock were exchanged. The stock’s 50-day moving average is $67.32 and its 200-day moving average is $66.12. The stock has a market capitalization of $30.22 billion, a price-to-earnings ratio of 16.89 and a beta of 1.21. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. Valero Energy Corporation’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts forecast that Valero Energy Corporation will post $4.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.09%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in VLO. Navellier & Associates Inc bought a new position in Valero Energy Corporation during the second quarter worth $422,000. Sentry Investment Management LLC raised its position in Valero Energy Corporation by 4.4% in the second quarter. Sentry Investment Management LLC now owns 35,564 shares of the oil and gas company’s stock valued at $2,399,000 after buying an additional 1,483 shares during the last quarter. Toronto Dominion Bank raised its position in Valero Energy Corporation by 15.5% in the second quarter. Toronto Dominion Bank now owns 158,552 shares of the oil and gas company’s stock valued at $10,695,000 after buying an additional 21,286 shares during the last quarter. Oak Associates Ltd. OH raised its position in Valero Energy Corporation by 17.2% in the second quarter. Oak Associates Ltd. OH now owns 106,720 shares of the oil and gas company’s stock valued at $7,199,000 after buying an additional 15,650 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in Valero Energy Corporation by 6.2% in the second quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock valued at $304,000 after buying an additional 265 shares during the last quarter. 80.72% of the stock is owned by institutional investors.
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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