Deutsche Bank AG reaffirmed their hold rating on shares of Valero Energy Corporation (NYSE:VLO) in a report published on Wednesday. The firm currently has a $73.00 price target on the oil and gas company’s stock, up from their previous price target of $65.00.
A number of other brokerages also recently commented on VLO. ValuEngine raised shares of Valero Energy Corporation from a hold rating to a buy rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Valero Energy Corporation from a sell rating to a strong sell rating in a research note on Saturday, August 19th. Jefferies Group LLC reduced their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a buy rating for the company in a research note on Wednesday, August 23rd. Royal Bank Of Canada reissued a buy rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Finally, Piper Jaffray Companies reissued a neutral rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy Corporation presently has an average rating of Buy and an average target price of $73.09.
Valero Energy Corporation (NYSE:VLO) traded up 0.12% during mid-day trading on Wednesday, hitting $73.27. The company had a trading volume of 400,212 shares. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $73.42. The company has a 50 day moving average of $68.09 and a 200 day moving average of $66.42. The firm has a market capitalization of $32.36 billion, a PE ratio of 18.09 and a beta of 1.19.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The company 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%. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Analysts predict that Valero Energy Corporation will post $4.33 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
In other news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.45% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in VLO. Waldron LP grew its holdings in shares of Valero Energy Corporation by 45.7% during the first quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 2,650 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Valero Energy Corporation by 5.3% during the first quarter. Massmutual Trust Co. FSB ADV now owns 3,734 shares of the oil and gas company’s stock valued at $248,000 after buying an additional 188 shares during the last quarter. Girard Partners LTD. grew its holdings in shares of Valero Energy Corporation by 61.3% during the first quarter. Girard Partners LTD. now owns 12,667 shares of the oil and gas company’s stock valued at $840,000 after buying an additional 4,816 shares during the last quarter. Pekin Singer Strauss Asset Management IL purchased a new stake in shares of Valero Energy Corporation during the first quarter valued at $225,000. Finally, Pinnacle Financial Partners Inc. grew its holdings in shares of Valero Energy Corporation by 14.3% during the first quarter. Pinnacle Financial Partners Inc. now owns 35,005 shares of the oil and gas company’s stock valued at $2,321,000 after buying an additional 4,382 shares during the last quarter. 80.69% of the stock is currently owned by hedge funds and other institutional investors.
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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