Valero Energy Co. (NYSE:VLO) Given Consensus Rating of “Buy” by Analysts

Shares of Valero Energy Co. (NYSE:VLO) have earned a consensus rating of “Buy” from the sixteen brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $107.80.

A number of analysts recently issued reports on the company. Standpoint Research cut Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Raymond James upped their target price on Valero Energy from $100.00 to $105.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Credit Suisse Group reissued an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Wolfe Research raised Valero Energy from a “peer perform” rating to an “outperform” rating in a research report on Friday, March 8th. Finally, JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and upped their target price for the company from $102.00 to $105.00 in a research report on Tuesday, May 14th.

Shares of NYSE VLO traded up $0.14 during trading hours on Wednesday, reaching $76.50. The stock had a trading volume of 2,507,295 shares, compared to its average volume of 3,754,563. The stock has a market cap of $31.86 billion, a PE ratio of 10.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. Valero Energy has a fifty-two week low of $68.81 and a fifty-two week high of $122.42.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.14. The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The business’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Sell-side analysts anticipate that Valero Energy will post 6.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Tuesday, May 14th. Valero Energy’s dividend payout ratio is presently 48.85%.

A number of institutional investors and hedge funds have recently bought and sold shares of VLO. Sontag Advisory LLC purchased a new stake in Valero Energy during the 4th quarter valued at approximately $25,000. Advisory Alpha LLC purchased a new stake in Valero Energy during the 1st quarter valued at approximately $27,000. Athena Capital Advisors LLC purchased a new stake in Valero Energy during the 4th quarter valued at approximately $28,000. JNBA Financial Advisors raised its stake in Valero Energy by 126.0% during the 4th quarter. JNBA Financial Advisors now owns 452 shares of the oil and gas company’s stock valued at $34,000 after acquiring an additional 252 shares during the last quarter. Finally, PRW Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter valued at approximately $34,000. 77.00% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

See Also: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Valero Energy (NYSE:VLO)

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