ValuEngine Upgrades Valero Energy (NYSE:VLO) to “Hold”

ValuEngine upgraded shares of Valero Energy (NYSE:VLO) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley dropped their price objective on Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating for the company in a report on Monday, April 15th. Credit Suisse Group set a $155.00 price objective on Allergan and gave the company a hold rating in a report on Monday, March 25th. Raymond James set a $33.00 price objective on LKQ and gave the company a buy rating in a report on Friday, April 26th. JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on STMicroelectronics and gave the company a buy rating in a report on Tuesday, May 14th. Finally, Goldman Sachs Group upgraded Exelon from a neutral rating to a buy rating and boosted their price objective for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Valero Energy has an average rating of Buy and an average target price of $109.02.

Shares of Valero Energy stock opened at $84.75 on Thursday. The stock has a market cap of $35.23 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.79 and a beta of 1.47. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $78.59. Valero Energy has a one year low of $68.81 and a one year high of $122.42.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.14. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The company had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter in the previous year, the business earned $1.00 EPS. Valero Energy’s revenue was down 8.2% compared to the same quarter last year. Equities analysts expect that Valero Energy will post 5.89 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of VLO. Connor Clark & Lunn Investment Management Ltd. bought a new position in Valero Energy during the 4th quarter worth approximately $1,833,000. Natixis Advisors L.P. increased its stake in shares of Valero Energy by 1.2% in the 4th quarter. Natixis Advisors L.P. now owns 45,110 shares of the oil and gas company’s stock valued at $3,381,000 after acquiring an additional 531 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Valero Energy by 8.4% in the 4th quarter. Brown Advisory Inc. now owns 14,503 shares of the oil and gas company’s stock valued at $1,087,000 after acquiring an additional 1,128 shares in the last quarter. American International Group Inc. increased its stake in shares of Valero Energy by 8.2% in the 4th quarter. American International Group Inc. now owns 199,855 shares of the oil and gas company’s stock valued at $14,983,000 after acquiring an additional 15,088 shares in the last quarter. Finally, LMR Partners LLP bought a new stake in shares of Valero Energy in the 4th quarter valued at $923,000. 76.88% of the stock is owned by institutional investors and hedge funds.

About Valero Energy

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.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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