Share on StockTwits

Valero Energy (NYSE:VLO) was downgraded by stock analysts at BofA Merrill Lynch from a “buy” rating to a “neutral” rating in a report issued on Friday, Analyst RN reports. They currently have a $63.00 target price on the stock. BofA Merrill Lynch’s price objective suggests a potential upside of 12.64% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer upgraded shares of Valero Energy from a “market perform” rating to an “outperform” rating in a research note on Tuesday. They now have a $70.00 price target on the stock. Separately, analysts at S&P Equity Research downgraded shares of Valero Energy to a “hold” rating in a research note on Wednesday, April 30th. Finally, analysts at Barclays raised their price target on shares of Valero Energy from $70.00 to $75.00 in a research note on Wednesday, April 30th. They now have an “overweight” rating on the stock. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $59.00.

In other Valero Energy news, Director William R. Klesse sold 45,182 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $56.80, for a total transaction of $2,566,337.60. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Valero Energy (NYSE:VLO) traded down 1.55% on Friday, hitting $55.93. 6,609,959 shares of the company’s stock traded hands. Valero Energy has a one year low of $33.00 and a one year high of $59.69. The stock has a 50-day moving average of $55.12 and a 200-day moving average of $49.54. The company has a market cap of $29.783 billion and a P/E ratio of 10.66.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.41 by $0.13. The company had revenue of $33.66 billion for the quarter, compared to the consensus estimate of $32.24 billion. During the same quarter last year, the company posted $1.18 earnings per share. Valero Energy’s revenue was up .6% compared to the same quarter last year. Analysts expect that Valero Energy will post $6.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Stockholders of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Monday, May 19th.

Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.