VLO has been the topic of a number of other reports. Goldman Sachs Group set a $104.00 price objective on shares of Valero Energy and gave the company a buy rating in a research note on Friday, October 25th. Morgan Stanley increased their price objective on shares of Valero Energy from $105.00 to $110.00 and gave the company an overweight rating in a research note on Tuesday, October 22nd. Wells Fargo & Co increased their price objective on shares of Valero Energy from $107.00 to $108.00 and gave the company an outperform rating in a research note on Wednesday, September 25th. Royal Bank of Canada set a $99.00 price objective on shares of Valero Energy and gave the company a buy rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Valero Energy from $96.00 to $83.00 and set an overweight rating on the stock in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. Valero Energy presently has an average rating of Buy and a consensus target price of $103.22.
VLO stock traded down $0.18 during mid-day trading on Friday, reaching $100.68. The company had a trading volume of 1,890,223 shares, compared to its average volume of 3,464,584. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92. The company has a market capitalization of $41.89 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 2.62 and a beta of 1.49. The firm has a 50 day moving average of $91.44 and a 200 day moving average of $83.38. Valero Energy has a 12 month low of $68.81 and a 12 month high of $101.99.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. Valero Energy had a net margin of 2.12% and a return on equity of 10.31%. The business had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. During the same period in the prior year, the firm earned $2.01 EPS. The company’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts anticipate that Valero Energy will post 4.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.58%. Valero Energy’s dividend payout ratio is presently 48.85%.
A number of large investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in Valero Energy by 25.5% during the third quarter. Cetera Investment Advisers now owns 12,442 shares of the oil and gas company’s stock valued at $1,065,000 after acquiring an additional 2,531 shares during the last quarter. Trillium Asset Management LLC purchased a new stake in Valero Energy during the third quarter valued at approximately $274,000. BancorpSouth Bank lifted its position in Valero Energy by 2.8% during the third quarter. BancorpSouth Bank now owns 54,396 shares of the oil and gas company’s stock valued at $4,637,000 after acquiring an additional 1,506 shares during the last quarter. Altavista Wealth Management Inc. lifted its position in Valero Energy by 4.9% during the third quarter. Altavista Wealth Management Inc. now owns 38,090 shares of the oil and gas company’s stock valued at $3,247,000 after acquiring an additional 1,787 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its position in Valero Energy by 44.3% during the third quarter. D.A. Davidson & CO. now owns 36,023 shares of the oil and gas company’s stock valued at $3,071,000 after acquiring an additional 11,065 shares during the last quarter. 76.11% of the stock is owned by institutional investors.
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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