Valero Energy Corporation (NYSE:VLO)‘s stock had its “buy” rating reissued by equities researchers at Barclays PLC in a report issued on Wednesday. They currently have a $95.00 price target on the stock. Barclays PLC’s price target indicates a potential upside of 42.79% from the stock’s current price.
A number of other equities analysts have also recently commented on the company. Morgan Stanley cut Valero Energy Corporation to a “hold” rating in a research note on Sunday. Bank of America Corporation raised Valero Energy Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $68.00 to $86.00 in a research note on Thursday, January 5th. Deutsche Bank AG cut Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Wednesday, January 4th. Vetr raised Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $71.36 target price on the stock in a research note on Monday, January 2nd. Finally, Zacks Investment Research cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, December 13th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.96.
Valero Energy Corporation (NYSE:VLO) traded up 0.83% during midday trading on Wednesday, reaching $67.08. The company had a trading volume of 3,380,525 shares. The company has a 50-day moving average of $66.56 and a 200-day moving average of $57.68. The stock has a market capitalization of $30.36 billion, a PE ratio of 14.22 and a beta of 1.43. Valero Energy Corporation has a 12-month low of $46.88 and a 12-month high of $71.40.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.31. The business had revenue of $19.65 billion for the quarter, compared to analysts’ expectations of $19.49 billion. Valero Energy Corporation had a return on equity of 10.40% and a net margin of 3.01%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.79 EPS. On average, analysts predict that Valero Energy Corporation will post $3.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, November 18th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 50.74%.
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Hedge funds have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. boosted its stake in Valero Energy Corporation by 8.1% in the second quarter. Cullen Frost Bankers Inc. now owns 345,392 shares of the company’s stock worth $17,615,000 after buying an additional 25,916 shares during the period. Retirement Systems of Alabama boosted its stake in Valero Energy Corporation by 1.3% in the second quarter. Retirement Systems of Alabama now owns 239,510 shares of the company’s stock worth $12,215,000 after buying an additional 3,028 shares during the period. Principal Financial Group Inc. boosted its stake in Valero Energy Corporation by 109.8% in the third quarter. Principal Financial Group Inc. now owns 1,380,445 shares of the company’s stock worth $73,163,000 after buying an additional 722,319 shares during the period. Chemical Bank boosted its stake in Valero Energy Corporation by 5.5% in the third quarter. Chemical Bank now owns 32,981 shares of the company’s stock worth $1,748,000 after buying an additional 1,730 shares during the period. Finally, Morgan Stanley boosted its stake in Valero Energy Corporation by 15.4% in the third quarter. Morgan Stanley now owns 4,719,238 shares of the company’s stock worth $250,121,000 after buying an additional 630,635 shares during the period. Institutional investors own 77.11% of the company’s stock.
Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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