Valero Energy Corporation (NYSE:VLO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $154.47.
A number of research firms recently issued reports on VLO. JPMorgan Chase & Co. lowered their target price on Valero Energy from $152.00 to $147.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. UBS Group increased their price objective on Valero Energy from $164.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Scotiabank reduced their price objective on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Mizuho boosted their target price on Valero Energy from $158.00 to $166.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, The Goldman Sachs Group raised Valero Energy from a "neutral" rating to a "buy" rating and upped their target price for the company from $127.00 to $154.00 in a report on Tuesday, May 13th.
Check Out Our Latest Stock Analysis on Valero Energy
Valero Energy Price Performance
Shares of NYSE VLO opened at $133.17 on Friday. The firm's 50-day simple moving average is $138.61 and its 200 day simple moving average is $131.17. The stock has a market cap of $41.71 billion, a P/E ratio of 55.49, a P/E/G ratio of 3.22 and a beta of 1.03. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy has a fifty-two week low of $99.00 and a fifty-two week high of $155.12.
Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%. The company had revenue of $29.89 billion for the quarter, compared to analysts' expectations of $27 billion. During the same period last year, the firm earned $2.71 EPS. The firm's revenue for the quarter was down 13.3% on a year-over-year basis. Equities analysts expect that Valero Energy will post 7.92 EPS for the current year.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Thursday, July 31st will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Thursday, July 31st. Valero Energy's payout ratio is currently 188.33%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of VLO. Price T Rowe Associates Inc. MD increased its position in Valero Energy by 276.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,795,436 shares of the oil and gas company's stock worth $1,425,754,000 after buying an additional 7,931,018 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Valero Energy by 12.0% in the first quarter. Vanguard Group Inc. now owns 38,881,222 shares of the oil and gas company's stock worth $5,135,043,000 after buying an additional 4,155,522 shares during the last quarter. Nuveen LLC bought a new stake in shares of Valero Energy during the 1st quarter worth $529,864,000. GAMMA Investing LLC grew its stake in Valero Energy by 15,395.5% in the 1st quarter. GAMMA Investing LLC now owns 1,355,699 shares of the oil and gas company's stock valued at $179,047,000 after buying an additional 1,346,950 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Valero Energy by 34.1% in the 1st quarter. Invesco Ltd. now owns 4,905,145 shares of the oil and gas company's stock worth $647,823,000 after acquiring an additional 1,247,196 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.
About Valero Energy
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Get Free ReportValero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.
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