Valero Energy (VLO) Reaches New 52-Week High at $86.17

Shares of Valero Energy Corporation (NYSE:VLO) hit a new 52-week high during trading on Tuesday . The company traded as high as $86.17 and last traded at $86.23, with a volume of 2009647 shares. The stock had previously closed at $83.63.

A number of analysts recently commented on VLO shares. J P Morgan Chase & Co lowered Valero Energy from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $78.00 in a research note on Friday, October 6th. Cowen raised their price target on Valero Energy from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. Barclays raised their price target on Valero Energy from $86.00 to $108.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 14th. UBS reaffirmed a “neutral” rating and issued a $80.00 price target (up previously from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $87.00 price target (up previously from $74.00) on shares of Valero Energy in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $79.28.

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The firm has a market capitalization of $36,831.19, a price-to-earnings ratio of 18.18, a PEG ratio of 1.75 and a beta of 1.20.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. analysts predict that Valero Energy Corporation will post 4.84 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.25%. Valero Energy’s dividend payout ratio (DPR) is 60.48%.

In other Valero Energy news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,268 shares of company stock valued at $4,263,601. 0.45% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Willingdon Wealth Management bought a new position in shares of Valero Energy during the third quarter valued at $100,000. Cable Hill Partners LLC increased its holdings in shares of Valero Energy by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares in the last quarter. First Personal Financial Services increased its holdings in shares of Valero Energy by 13.6% during 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 acquiring an additional 196 shares in the last quarter. San Francisco Sentry Investment Group CA increased its holdings in shares of Valero Energy by 2,272.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares in the last quarter. Finally, Ffcm LLC increased its holdings in shares of Valero Energy by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after acquiring an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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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.

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