Several other brokerages have also recently issued reports on VLO. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on STMicroelectronics and gave the stock a buy rating in a research report on Tuesday, May 14th. Credit Suisse Group set a $155.00 target price on Allergan and gave the stock a hold rating in a research report on Monday, March 25th. Morgan Stanley dropped their target price on Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating on the stock in a research report on Monday, April 15th. Goldman Sachs Group raised Exelon from a neutral rating to a buy rating and raised their target price for the stock from $48.00 to $52.00 in a research report on Thursday, June 6th. Finally, Raymond James set a $33.00 target price on LKQ and gave the stock a buy rating in a research report on Friday, April 26th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $109.02.
Shares of NYSE:VLO opened at $84.75 on Thursday. The stock has a market capitalization 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 debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. The stock has a 50-day moving average price of $78.59. Valero Energy has a 52-week low of $68.81 and a 52-week high of $122.42.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. The business had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.38 billion. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The business’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $1.00 earnings per share. As a group, equities analysts forecast that Valero Energy will post 5.89 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of VLO. Northwest Bancshares Inc. raised its stake in Valero Energy by 3.0% during the 1st quarter. Northwest Bancshares Inc. now owns 3,887 shares of the oil and gas company’s stock valued at $330,000 after purchasing an additional 115 shares during the period. Valeo Financial Advisors LLC raised its stake in Valero Energy by 9.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 116 shares during the period. Mitchell Mcleod Pugh & Williams Inc. raised its stake in Valero Energy by 2.3% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,340 shares of the oil and gas company’s stock valued at $453,000 after purchasing an additional 120 shares during the period. RDL Financial Inc. raised its stake in Valero Energy by 0.6% during the 1st quarter. RDL Financial Inc. now owns 24,114 shares of the oil and gas company’s stock valued at $2,046,000 after purchasing an additional 133 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in Valero Energy by 2.8% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,929 shares of the oil and gas company’s stock valued at $415,000 after purchasing an additional 133 shares during the period. 76.88% of the stock is currently owned by hedge funds and other 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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