Valero Energy Corp. (VLO) Stock Price Down 2.6%
Valero Energy Corp. (NYSE:VLO) fell 2.6% during mid-day trading on Tuesday . The company traded as low as $55.63 and last traded at $55.64, with a volume of 4,348,415 shares changing hands. The stock had previously closed at $57.14.
A number of research firms have issued reports on VLO. Zacks Investment Research raised Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 8th. Vetr raised Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 price target on the stock in a research report on Wednesday, August 31st. Piper Jaffray Cos. increased their price target on Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Monday, August 22nd. TheStreet lowered Valero Energy Corp. to a “hold” rating in a research report on Thursday, May 26th. Finally, Jefferies Group began coverage on Valero Energy Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 price target on the stock. Nine analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $69.76.
The firm has a market capitalization of $25.58 billion, a price-to-earnings ratio of 8.91 and a beta of 1.97. The company’s 50 day moving average is $54.90 and its 200-day moving average is $56.26.
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Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The business had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter in the previous year, the firm posted $2.66 earnings per share. The company’s revenue was down 22.0% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 11th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.33%. The ex-dividend date of this dividend was Tuesday, August 9th. Valero Energy Corp.’s dividend payout ratio (DPR) is 38.77%.
Hedge funds have recently made changes to their positions in the stock. Security National Trust Co. boosted its stake in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of Valero Energy Corp. during the second quarter valued at about $137,000. Point72 Asia Hong Kong Ltd boosted its stake in shares of Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock valued at $151,000 after buying an additional 2,500 shares during the last quarter. Sandy Spring Bank boosted its stake in shares of Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock valued at $152,000 after buying an additional 740 shares during the last quarter. Finally, Smithfield Trust Co. boosted its stake in shares of Valero Energy Corp. by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock valued at $163,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.
Valero Energy Corp. 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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