Valero Energy (NYSE:VLO) had its target price boosted by equities research analysts at Citigroup from $76.00 to $96.00 in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Citigroup’s price objective suggests a potential downside of 2.73% from the stock’s current price.
VLO has been the topic of a number of other reports. JPMorgan Chase & Co. cut Valero Energy from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $78.00 in a research note on Friday, October 6th. Cowen boosted their price objective on Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Barclays upped their price target on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, UBS Group reiterated a “neutral” rating and set a $80.00 price target (up from $69.00) on shares of Valero Energy in a research report on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $83.76.
Shares of Valero Energy (VLO) opened at $98.69 on Wednesday. Valero Energy has a 52 week low of $60.69 and a 52 week high of $99.31. The stock has a market capitalization of $43,940.00, a PE ratio of 21.41, a P/E/G ratio of 1.25 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same period in the previous year, the business posted $1.24 EPS. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. equities analysts anticipate that Valero Energy will post 4.95 earnings per share for the current fiscal year.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares of the company’s stock, valued at $5,120,237.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 1,600 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. Insiders have sold 301,287 shares of company stock valued at $27,860,150 in the last three months. 0.45% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Optimum Investment Advisors boosted its stake in Valero Energy by 1.1% in the second quarter. Optimum Investment Advisors now owns 14,352 shares of the oil and gas company’s stock worth $968,000 after buying an additional 152 shares in the last quarter. ETRADE Capital Management LLC boosted its stake in Valero Energy by 1.8% in the second quarter. ETRADE Capital Management LLC now owns 10,407 shares of the oil and gas company’s stock worth $702,000 after buying an additional 184 shares in the last quarter. Cetera Investment Advisers boosted its stake in Valero Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock worth $304,000 after buying an additional 265 shares in the last quarter. Williams Jones & Associates LLC boosted its stake in Valero Energy by 5.7% in the second quarter. Williams Jones & Associates LLC now owns 5,550 shares of the oil and gas company’s stock worth $374,000 after buying an additional 300 shares in the last quarter. Finally, National Asset Management Inc. boosted its stake in Valero Energy by 8.3% in the second quarter. National Asset Management Inc. now owns 5,055 shares of the oil and gas company’s stock worth $342,000 after buying an additional 387 shares in the last quarter. 81.40% of the stock is owned by institutional investors and hedge funds.
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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.