Credit Suisse Group assumed coverage on shares of Valero Energy (NYSE:VLO) in a research report issued on Wednesday, The Fly reports. The brokerage set a “neutral” rating on the oil and gas company’s stock.
VLO has been the topic of a number of other reports. Piper Jaffray Companies restated a “hold” rating and set a $78.00 price target on shares of Valero Energy in a research report on Friday, November 17th. Citigroup boosted their price target 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. Jefferies Group lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Cowen restated a “buy” rating and set a $90.00 price target on shares of Valero Energy in a research report on Friday, November 3rd. Finally, Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. Valero Energy presently has an average rating of “Hold” and a consensus price target of $80.22.
Shares of Valero Energy (NYSE:VLO) opened at $92.80 on Wednesday. Valero Energy has a 52-week low of $60.69 and a 52-week high of $93.18. The stock has a market cap of $40,990.00, a PE ratio of 20.13, a PEG ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the sale, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Philip J. Pfeiffer sold 1,500 shares of the business’s stock in a transaction that occurred on 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 sold a total of 49,757 shares of company stock worth $4,394,916 over the last quarter. 0.45% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Northcoast Asset Management purchased a new stake in Valero Energy during the 3rd quarter worth approximately $40,369,000. Meag Munich Ergo Kapitalanlagegesellschaft increased its stake in Valero Energy by 250.0% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft now owns 249,616 shares of the oil and gas company’s stock worth $14,942,000 after buying an additional 178,298 shares during the period. Gerstein Fisher increased its stake in Valero Energy by 19.4% during the 3rd quarter. Gerstein Fisher now owns 11,315 shares of the oil and gas company’s stock worth $680,000 after buying an additional 1,840 shares during the period. Eagle Asset Management increased its stake in Valero Energy by 83.5% during the 3rd quarter. Eagle Asset Management now owns 147,432 shares of the oil and gas company’s stock worth $8,860,000 after buying an additional 67,091 shares during the period. Finally, Janus Capital Management increased its stake in Valero Energy by 52.8% during the 3rd quarter. Janus Capital Management now owns 1,237,102 shares of the oil and gas company’s stock worth $74,350,000 after buying an additional 427,217 shares during the period. 81.31% of the stock is currently owned by institutional investors and hedge funds.
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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.
