Valero Energy Co. (VLO) Receives Average Recommendation of “Buy” from Analysts

Valero Energy Co. (NYSE:VLO) has earned an average recommendation of “Buy” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $112.75.

Several analysts have issued reports on the company. Morgan Stanley upped their price objective on Valero Energy from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday. Credit Suisse Group restated an “outperform” rating on shares of Valero Energy in a research note on Monday, March 25th. Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a research note on Friday, March 8th. Standpoint Research cut Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Argus set a $110.00 price objective on Valero Energy and gave the company a “buy” rating in a research note on Tuesday, February 5th.

In related news, Director Stephen M. Waters purchased 500 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average cost of $84.97 per share, for a total transaction of $42,485.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in Valero Energy by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock worth $1,412,000 after buying an additional 332 shares in the last quarter. Private Trust Co. NA grew its holdings in Valero Energy by 26.6% in the 4th quarter. Private Trust Co. NA now owns 3,936 shares of the oil and gas company’s stock worth $295,000 after buying an additional 826 shares in the last quarter. First National Trust Co grew its holdings in Valero Energy by 11.2% in the 4th quarter. First National Trust Co now owns 102,704 shares of the oil and gas company’s stock worth $7,699,000 after buying an additional 10,323 shares in the last quarter. Sumitomo Life Insurance Co. grew its holdings in Valero Energy by 2.5% in the 4th quarter. Sumitomo Life Insurance Co. now owns 13,961 shares of the oil and gas company’s stock worth $1,047,000 after buying an additional 337 shares in the last quarter. Finally, Boston Advisors LLC grew its holdings in Valero Energy by 1.4% in the 4th quarter. Boston Advisors LLC now owns 159,715 shares of the oil and gas company’s stock worth $11,974,000 after buying an additional 2,252 shares in the last quarter. Institutional investors and hedge funds own 79.20% of the company’s stock.

Shares of NYSE VLO opened at $87.65 on Tuesday. Valero Energy has a 52-week low of $68.81 and a 52-week high of $126.98. The company has a market cap of $36.49 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.62 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.04 and a current ratio of 1.65.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $1.09. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%. The firm had revenue of $28.73 billion for the quarter, compared to analysts’ expectations of $23.26 billion. As a group, equities research analysts predict that Valero Energy will post 6.87 EPS for the current fiscal year.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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