Valero Energy Given Consensus Recommendation of “Buy” by Analysts (NYSE:VLO)
Valero Energy (NYSE:VLO) has received an average rating of “Buy” from the seventeen analysts that are covering the company, AmericanBankingNews.com reports. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $57.85.
Valero Energy (NYSE:VLO) opened at 52.49 on Thursday. Valero Energy has a 1-year low of $33.20 and a 1-year high of $59.69. The stock has a 50-day moving average of $50.12 and a 200-day moving average of $52.71. The company has a market cap of $27.713 billion and a price-to-earnings ratio of 9.43.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.65 by $0.43. The company had revenue of $34.90 billion for the quarter, compared to the consensus estimate of $32.16 billion. During the same quarter last year, the company posted $0.90 earnings per share. Valero Energy’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Valero Energy will post $5.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, August 20th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, August 18th. This is an increase from Valero Energy’s previous quarterly dividend of $0.25.
VLO has been the subject of a number of recent research reports. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Valero Energy in a research note on Thursday, August 7th. They now have a $65.00 price target on the stock, down previously from $70.00. Separately, analysts at Credit Suisse raised their price target on shares of Valero Energy from $55.00 to $60.00 in a research note on Friday, August 1st. Finally, analysts at Macquarie cut their price target on shares of Valero Energy from $69.00 to $62.00 in a research note on Friday, July 11th.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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