Valero Energy Corporation (NYSE:VLO)‘s stock had its “buy” rating restated by equities researchers at Barclays PLC in a research report issued on Wednesday. They currently have a $95.00 price objective on the stock. Barclays PLC’s target price suggests a potential upside of 42.79% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of Valero Energy Corporation to a “hold” rating in a research note on Sunday. Jefferies Group set a $65.00 price target on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Saturday, October 15th. Vetr cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $65.26 price target on the stock. in a research note on Tuesday, December 6th. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research note on Friday, December 9th. Finally, TheStreet cut shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 25th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $69.96.

Analyst Recommendations for Valero Energy Corporation (NYSE:VLO)

Valero Energy Corporation (NYSE:VLO) traded up 0.83% on Wednesday, hitting $67.08. 3,321,747 shares of the stock traded hands. The company’s 50 day moving average price is $66.56 and its 200-day moving average price is $57.68. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 14.22 and a beta of 1.43. Valero Energy Corporation has a 52-week low of $46.88 and a 52-week high of $71.40.

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Valero Energy Corporation (NYSE:VLO) last posted its earnings results on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.31. Valero Energy Corporation had a net margin of 3.01% and a return on equity of 10.40%. The business earned $19.65 billion during the quarter, compared to the consensus estimate of $19.49 billion. During the same quarter in the previous year, the firm posted $2.79 EPS. The firm’s revenue was down 13.0% on a year-over-year basis. On average, analysts forecast that Valero Energy Corporation will post $3.74 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Tuesday, November 22nd were issued a dividend of $0.60 per share. The ex-dividend date was Friday, November 18th. This represents a $2.40 annualized dividend and a yield of 3.61%. Valero Energy Corporation’s payout ratio is 50.74%.

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Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can purchased a new position in shares of Valero Energy Corporation during the second quarter valued at approximately $176,332,000. Ameriprise Financial Inc. increased its position in shares of Valero Energy Corporation by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 11,515,670 shares of the company’s stock valued at $610,324,000 after buying an additional 1,978,291 shares during the last quarter. APG Asset Management N.V. increased its position in shares of Valero Energy Corporation by 48.2% in the third quarter. APG Asset Management N.V. now owns 5,675,005 shares of the company’s stock valued at $300,775,000 after buying an additional 1,845,471 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of Valero Energy Corporation by 1,858.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,810,144 shares of the company’s stock valued at $92,317,000 after buying an additional 1,717,712 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Valero Energy Corporation by 185.6% in the third quarter. KBC Group NV now owns 2,057,579 shares of the company’s stock valued at $109,052,000 after buying an additional 1,337,059 shares during the last quarter. Institutional investors own 77.11% of the company’s stock.

About Valero Energy Corporation

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.

5 Day Chart for NYSE:VLO

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