Valero Energy Co. (VLO) Given Average Recommendation of “Hold” by Brokerages

Shares of Valero Energy Co. (NYSE:VLO) have earned an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $81.27.

VLO has been the subject of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and set a $80.00 price target (up from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Cowen increased their price target on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. JPMorgan Chase & Co. downgraded Valero Energy from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $78.00 in a report on Friday, October 6th. Barclays reiterated an “overweight” rating and set a $86.00 price target (up from $85.00) on shares of Valero Energy in a report on Tuesday, October 10th. Finally, Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th.

In related news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total value of $87,230.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 301,287 shares of company stock worth $27,860,150 in the last three months. Insiders own 0.45% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Willingdon Wealth Management bought a new position in Valero Energy in the 3rd quarter valued at about $100,000. Cable Hill Partners LLC lifted its position in Valero Energy by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. San Francisco Sentry Investment Group CA lifted its position in Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in Valero Energy by 300.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,398 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in Valero Energy in the 3rd quarter valued at about $160,000. 81.34% of the stock is currently owned by institutional investors and hedge funds.

Shares of Valero Energy (NYSE VLO) traded up $0.81 during trading on Friday, reaching $97.26. The company’s stock had a trading volume of 2,370,000 shares, compared to its average volume of 2,990,000. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy has a 52-week low of $60.69 and a 52-week high of $98.11. The firm has a market cap of $42,960.00, a P/E ratio of 21.10, a P/E/G ratio of 1.52 and a beta of 1.20.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same period last year, the business posted $1.24 EPS. The business’s revenue was up 19.9% compared to the same quarter last year. analysts forecast that Valero Energy will post 4.92 earnings per share for the current fiscal year.

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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.

Analyst Recommendations for Valero Energy (NYSE:VLO)

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