Valero Energy Co. (NYSE:VLO – Get Rating) has earned an average recommendation of “Buy” from the seventeen ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $119.64.
Several brokerages recently weighed in on VLO. StockNews.com initiated coverage on Valero Energy in a research report on Thursday, March 31st. They set a “buy” rating for the company. JPMorgan Chase & Co. boosted their price objective on Valero Energy from $111.00 to $142.00 in a research note on Tuesday, May 17th. Citigroup upped their price target on Valero Energy from $94.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Cowen upped their price target on Valero Energy from $106.00 to $116.00 in a research note on Wednesday, April 27th. Finally, Raymond James boosted their price objective on Valero Energy from $105.00 to $117.00 and gave the company a “strong-buy” rating in a report on Friday, April 8th.
In related news, COO R. Lane Riggs sold 17,767 shares of the firm’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $131.53, for a total value of $2,336,893.51. Following the completion of the transaction, the chief operating officer now directly owns 254,905 shares of the company’s stock, valued at approximately $33,527,654.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.04% of the company’s stock.
Shares of Valero Energy stock opened at $143.77 on Thursday. The firm has a market cap of $58.67 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.62 and a beta of 1.77. The company has a current ratio of 1.18, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Valero Energy has a 12 month low of $58.85 and a 12 month high of $146.80. The stock’s fifty day moving average price is $117.74 and its 200-day moving average price is $94.09.
Valero Energy (NYSE:VLO – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.70. The company had revenue of $38.54 billion for the quarter, compared to the consensus estimate of $32.23 billion. Valero Energy had a return on equity of 13.69% and a net margin of 1.93%. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.73) earnings per share. Analysts forecast that Valero Energy will post 14.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Stockholders of record on Thursday, May 12th were paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, May 11th. Valero Energy’s dividend payout ratio (DPR) is 63.33%.
Valero Energy Company Profile (Get Rating)
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
- Get a free copy of the StockNews.com research report on Valero Energy (VLO)
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