Valero Energy Rating Increased to Focus List at Citigroup Inc. (VLO)
A number of other firms have also recently commented on VLO. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Valero Energy in a research note on Wednesday, June 4th. They now have a $52.00 price target on the stock, up previously from $44.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Valero Energy in a research note on Thursday, May 29th. They now have a $67.00 price target on the stock. Finally, analysts at BofA Merrill Lynch downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Saturday, May 17th. They now have a $63.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $59.57.
Valero Energy (NYSE:VLO) traded up 0.51% during mid-day trading on Thursday, hitting $53.46. 1,673,504 shares of the company’s stock traded hands. Valero Energy has a 1-year low of $33.00 and a 1-year high of $59.69. The stock has a 50-day moving average of $55.99 and a 200-day moving average of $51.94. The company has a market cap of $28.528 billion and a price-to-earnings ratio of 9.98.
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 $6.40 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 1.88%. The ex-dividend date of this dividend is Monday, May 19th.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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