Valero Energy Corp. (VLO) Receives Consensus Rating of “Buy” from Analysts
Valero Energy Corp. (NYSE:VLO) has received a consensus recommendation of “Buy” from the twenty-five analysts that are currently covering the firm. Nine investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $69.57.
A number of research analysts recently issued reports on VLO shares. Vetr downgraded shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 target price on the stock. in a research report on Monday, August 15th. Wells Fargo & Co. restated a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. Jefferies Group began coverage on shares of Valero Energy Corp. in a report on Tuesday, August 23rd. They set a “buy” rating and a $66.00 price objective on the stock. Zacks Investment Research upgraded shares of Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $62.00 price objective on shares of Valero Energy Corp. in a report on Thursday, July 14th.
Valero Energy Corp. (NYSE:VLO) traded down 0.66% during mid-day trading on Tuesday, hitting $54.38. 1,946,280 shares of the stock were exchanged. The stock’s 50-day moving average is $55.05 and its 200 day moving average is $55.21. Valero Energy Corp. has a 52 week low of $46.88 and a 52 week high of $73.88. The company has a market capitalization of $25.09 billion, a PE ratio of 8.74 and a beta of 1.87.
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Valero Energy Corp. (NYSE:VLO) last released its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the previous year, the company earned $2.66 EPS. Valero Energy Corp.’s quarterly revenue was down 22.0% compared to the same quarter last year. On average, analysts anticipate that Valero Energy Corp. will post $3.33 EPS for the current year.
Large investors have recently made changes to their positions in the company. Pegasus Partners Ltd. purchased a new stake in shares of Valero Energy Corp. during the first quarter worth about $579,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Valero Energy Corp. by 6.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 145,868 shares of the company’s stock worth $9,357,000 after buying an additional 8,426 shares in the last quarter. 1832 Asset Management L.P. increased its stake in shares of Valero Energy Corp. by 1,530.7% in the first quarter. 1832 Asset Management L.P. now owns 485,197 shares of the company’s stock worth $50,230,000 after buying an additional 455,444 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Valero Energy Corp. by 47.0% in the first quarter. Canada Pension Plan Investment Board now owns 463,088 shares of the company’s stock worth $29,702,000 after buying an additional 148,100 shares in the last quarter. Finally, Credit Agricole S A increased its stake in shares of Valero Energy Corp. by 12.1% in the first quarter. Credit Agricole S A now owns 982,493 shares of the company’s stock worth $63,016,000 after buying an additional 106,375 shares in the last quarter. 78.49% of the stock is currently owned by hedge funds and other institutional investors.
About Valero Energy Corp.
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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