Valero Energy Co. (NYSE:VLO)‘s stock had its “neutral” rating reaffirmed by investment analysts at Piper Jaffray Companies in a report issued on Thursday.

Several other research analysts have also recently commented on VLO. Credit Suisse Group AG raised their target price on shares of Valero Energy from $70.00 to $75.00 and gave the stock a “neutral” rating in a report on Thursday, January 26th. Barclays PLC lowered their target price on shares of Valero Energy from $95.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, February 1st. Mizuho lifted their price objective on shares of Valero Energy from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, February 3rd. Scotiabank reissued a “buy” rating and issued a $70.00 price objective on shares of Valero Energy in a research note on Monday, March 27th. Finally, Jefferies Group LLC set a $65.00 price objective on shares of Valero Energy and gave the company a “hold” rating in a research note on Wednesday, April 19th. Nine investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Buy” and a consensus price target of $69.29.

Analyst Recommendations for Valero Energy (NYSE:VLO)

Valero Energy (NYSE:VLO) traded down 0.97% during midday trading on Thursday, hitting $63.19. The stock had a trading volume of 3,786,245 shares. Valero Energy has a 1-year low of $46.88 and a 1-year high of $71.40. The company’s 50 day moving average is $65.00 and its 200 day moving average is $65.94. The company has a market cap of $28.26 billion, a price-to-earnings ratio of 13.82 and a beta of 1.38.

Valero Energy (NYSE:VLO) last announced its earnings results on Tuesday, April 25th. The oil and gas company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Valero Energy had a net margin of 3.03% and a return on equity of 8.08%. The company had revenue of $21.77 billion for the quarter, compared to analysts’ expectations of $19.15 billion. During the same period last year, the firm earned $0.60 earnings per share. The business’s revenue for the quarter was up 38.6% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy will post $4.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 7th. Shareholders of record on Wednesday, May 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.43%. The ex-dividend date of this dividend is Monday, May 15th. Valero Energy’s dividend payout ratio (DPR) is currently 56.91%.

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A number of large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio increased its stake in Valero Energy by 0.6% in the first quarter. Public Employees Retirement System of Ohio now owns 337,922 shares of the oil and gas company’s stock valued at $22,401,000 after buying an additional 1,862 shares during the period. Ibex Wealth Advisors bought a new stake in Valero Energy during the first quarter valued at $2,791,000. Achmea Investment Management B.V. bought a new stake in Valero Energy during the first quarter valued at $9,770,000. OLD Republic International Corp bought a new stake in Valero Energy during the first quarter valued at $11,435,000. Finally, Community Financial Services Group LLC increased its stake in Valero Energy by 3.6% in the first quarter. Community Financial Services Group LLC now owns 77,688 shares of the oil and gas company’s stock valued at $5,150,000 after buying an additional 2,727 shares during the period. 78.06% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

12 Month Chart for NYSE:VLO

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