Valero Energy Corporation (VLO) Receives Average Rating of “Hold” from Analysts
Shares of Valero Energy Corporation (NYSE:VLO) have received a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $78.90.
A number of equities research analysts have commented on VLO shares. Wells Fargo & Company reiterated an “outperform” rating and issued a $87.00 price target (up from $74.00) on shares of Valero Energy in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, October 16th. Finally, Jefferies Group cut their price objective on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd.
In other Valero Energy news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,268 shares of company stock worth $4,263,601. 0.45% of the stock is owned by corporate insiders.
Shares of Valero Energy (VLO) traded down $1.48 during midday trading on Friday, hitting $84.14. The company had a trading volume of 2,889,976 shares, compared to its average volume of 4,048,965. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The stock has a market cap of $36,424.24, a PE ratio of 17.98, a P/E/G ratio of 1.73 and a beta of 1.17. Valero Energy has a 1 year low of $60.35 and a 1 year high of $85.86.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.24 EPS. analysts predict that Valero Energy will post 4.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s payout ratio is currently 60.48%.
About Valero Energy
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.
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