Valero Energy Co. (VLO) Given Consensus Rating of “Hold” by Brokerages

Shares of Valero Energy Co. (NYSE:VLO) have received an average recommendation of “Hold” from the twenty-two ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $89.93.

VLO has been the subject of a number of research analyst reports. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays increased their price objective on shares of Valero Energy from $86.00 to $108.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 14th. Credit Suisse Group initiated coverage on shares of Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective for the company. Citigroup increased their price objective on shares of Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research report on Thursday, November 16th.

In other Valero Energy news, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the sale, the chief financial officer now directly owns 57,589 shares in the company, valued at approximately $5,120,237.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares in the company, valued at $28,837,711.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,187 shares of company stock worth $27,611,828. 0.45% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Montgomery Investment Management Inc. raised its holdings in shares of Valero Energy by 3.0% in the 4th quarter. Montgomery Investment Management Inc. now owns 48,360 shares of the oil and gas company’s stock valued at $4,445,000 after purchasing an additional 1,400 shares in the last quarter. Telemark Asset Management LLC acquired a new stake in shares of Valero Energy in the 4th quarter valued at $8,272,000. Tocqueville Asset Management L.P. raised its holdings in shares of Valero Energy by 8.3% in the 4th quarter. Tocqueville Asset Management L.P. now owns 21,874 shares of the oil and gas company’s stock valued at $2,010,000 after purchasing an additional 1,683 shares in the last quarter. Nippon Life Global Investors Americas Inc. raised its holdings in shares of Valero Energy by 19.6% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 69,930 shares of the oil and gas company’s stock valued at $6,427,000 after purchasing an additional 11,470 shares in the last quarter. Finally, Bank of Nova Scotia Trust Co. raised its holdings in shares of Valero Energy by 19.1% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 10,572 shares of the oil and gas company’s stock valued at $972,000 after purchasing an additional 1,692 shares in the last quarter. Institutional investors and hedge funds own 81.03% of the company’s stock.

Valero Energy (VLO) opened at $90.50 on Wednesday. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The firm has a market cap of $38,874.70, a P/E ratio of 9.79, a P/E/G ratio of 1.11 and a beta of 0.99. Valero Energy has a 1 year low of $60.69 and a 1 year high of $99.95.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the company posted $0.81 EPS. analysts expect that Valero Energy will post 7.19 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, February 12th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.54%. Valero Energy’s dividend payout ratio is 34.63%.

Valero Energy announced that its board has initiated a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

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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.

Analyst Recommendations for Valero Energy (NYSE:VLO)

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