Valero Energy Corporation (NYSE:VLO) has been given an average rating of “Buy” by the twenty-one research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $72.53.
Several analysts have issued reports on the stock. BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Citigroup Inc. decreased their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Valero Energy Corporation in a research note on Wednesday, April 26th. Morgan Stanley downgraded shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. Finally, ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Tompkins Financial Corp raised its position in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares during the last quarter. Independent Portfolio Consultants Inc. raised its position in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares during the last quarter. First Personal Financial Services raised its position in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Valero Energy Corporation during the first quarter valued at about $127,000. 79.25% of the stock is currently owned by institutional investors.
Shares of Valero Energy Corporation (NYSE VLO) traded down 0.159% during midday trading on Friday, reaching $66.095. The company’s stock had a trading volume of 1,313,077 shares. The company’s 50-day moving average price is $67.55 and its 200-day moving average price is $66.16. The company has a market cap of $29.19 billion, a PE ratio of 16.316 and a beta of 1.21. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. On average, equities analysts anticipate that Valero Energy Corporation will post $4.01 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.23%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.
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Valero Energy Corporation 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.
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