Analysts Set Valero Energy Corp. (VLO) Target Price at $69.08
Shares of Valero Energy Corp. (NYSE:VLO) have been given an average rating of “Buy” by the twenty-five ratings firms that are presently covering the stock. Eight analysts have rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $69.08.
Several research firms have commented on VLO. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price target for the company. in a research report on Wednesday, August 3rd. Jefferies Group set a $65.00 price target on shares of Valero Energy Corp. and gave the company a “buy” rating in a research report on Saturday, October 15th. Howard Weil decreased their price objective on shares of Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 27th. TheStreet lowered shares of Valero Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 25th. Finally, Scotiabank reaffirmed a “sector outperform” rating and issued a $62.00 price objective (up from $58.00) on shares of Valero Energy Corp. in a research report on Wednesday, October 26th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can purchased a new position in shares of Valero Energy Corp. during the second quarter worth $176,332,000. Ameriprise Financial Inc. raised its position in Valero Energy Corp. by 20.7% in the third quarter. Ameriprise Financial Inc. now owns 11,515,670 shares of the company’s stock valued at $610,324,000 after buying an additional 1,978,291 shares in the last quarter. APG Asset Management N.V. raised its position in Valero Energy Corp. by 48.2% in the third quarter. APG Asset Management N.V. now owns 5,675,005 shares of the company’s stock valued at $300,775,000 after buying an additional 1,845,471 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its position in Valero Energy Corp. by 1,858.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,810,144 shares of the company’s stock valued at $92,317,000 after buying an additional 1,717,712 shares in the last quarter. Finally, KBC Group NV raised its position in Valero Energy Corp. by 185.6% in the third quarter. KBC Group NV now owns 2,057,579 shares of the company’s stock valued at $109,052,000 after buying an additional 1,337,059 shares in the last quarter. Institutional investors own 78.71% of the company’s stock.
Shares of Valero Energy Corp. (NYSE:VLO) opened at 64.67 on Tuesday. Valero Energy Corp. has a 12 month low of $46.88 and a 12 month high of $73.88. The company has a market capitalization of $29.27 billion, a price-to-earnings ratio of 13.71 and a beta of 1.45. The company’s 50-day moving average is $57.05 and its 200 day moving average is $54.56.
Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings results on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.31. The business earned $19.65 billion during the quarter, compared to analyst estimates of $19.49 billion. Valero Energy Corp. had a net margin of 3.01% and a return on equity of 10.40%. The company’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.79 earnings per share. On average, equities research analysts anticipate that Valero Energy Corp. will post $3.71 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 22nd will be issued a $0.60 dividend. The ex-dividend date is Friday, November 18th. This represents a $2.40 dividend on an annualized basis and a yield of 3.71%. Valero Energy Corp.’s payout ratio is currently 50.74%.
About Valero Energy Corp.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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