Standpoint Research upgraded shares of Valero Energy (NYSE:VLO) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat reports.
Several other equities research analysts have also recently weighed in on VLO. ValuEngine cut shares of Valero Energy from a buy rating to a hold rating in a research report on Wednesday, July 4th. Tudor Pickering cut shares of Valero Energy from a buy rating to a hold rating in a research report on Thursday. Mizuho started coverage on shares of Valero Energy in a research report on Wednesday, August 1st. They set a neutral rating and a $125.00 target price for the company. Morgan Stanley set a $145.00 target price on shares of Valero Energy and gave the company a buy rating in a research report on Friday. Finally, JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a neutral rating in a research report on Friday, July 27th. Fourteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Valero Energy presently has an average rating of Hold and an average target price of $116.29.
Shares of VLO traded up $1.36 during mid-day trading on Friday, hitting $108.25. The company’s stock had a trading volume of 3,344,002 shares, compared to its average volume of 3,285,053. Valero Energy has a 52-week low of $75.84 and a 52-week high of $126.98. The stock has a market capitalization of $48.62 billion, a PE ratio of 21.82, a PEG ratio of 1.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.17. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $31.02 billion during the quarter, compared to analysts’ expectations of $26.56 billion. During the same quarter in the prior year, the company earned $1.23 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. Equities research analysts forecast that Valero Energy will post 6.44 EPS for the current year.
In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.41% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Kaizen Advisory LLC raised its holdings in shares of Valero Energy by 156.8% in the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock worth $118,000 after buying an additional 649 shares during the last quarter. Kiley Juergens Wealth Management LLC purchased a new position in shares of Valero Energy in the second quarter worth $117,000. Stelac Advisory Services LLC purchased a new position in shares of Valero Energy in the second quarter worth $125,000. Gradient Investments LLC raised its holdings in shares of Valero Energy by 68.1% in the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after buying an additional 548 shares during the last quarter. Finally, Trust Co. of Vermont raised its holdings in shares of Valero Energy by 70.4% in the second quarter. Trust Co. of Vermont now owns 1,452 shares of the oil and gas company’s stock worth $160,000 after buying an additional 600 shares during the last quarter. 78.37% of the stock is owned by institutional investors and hedge funds.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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