Valero Energy (NYSE:VLO – Free Report) had its price objective boosted by Morgan Stanley from $255.00 to $411.00 in a report released on Monday,Benzinga reports. The firm currently has an equal weight rating on the oil and gas company’s stock.
Other equities analysts have also issued reports about the company. Wells Fargo & Company boosted their price objective on Valero Energy from $356.00 to $389.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Piper Sandler raised their target price on shares of Valero Energy from $329.00 to $435.00 and gave the stock an “overweight” rating in a report on Thursday, September 3rd. Citigroup lifted their price target on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Mizuho upped their price target on shares of Valero Energy from $289.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, UBS Group increased their price objective on shares of Valero Energy from $355.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus price target of $317.41.
Valero Energy Stock Performance
Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The firm had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. The company’s revenue was up 48.8% on a year-over-year basis. On average, research analysts predict that Valero Energy will post 46.41 EPS for the current year.
Valero Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, July 31st were given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 19.92%.
Insider Transactions at Valero Energy
In other Valero Energy news, SVP Eric Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the sale, the senior vice president owned 19,742 shares in the company, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.
Institutional Trading of Valero Energy
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Financial Management LLC raised its position in Valero Energy by 57.6% in the second quarter. Cornerstone Financial Management LLC now owns 104 shares of the oil and gas company’s stock valued at $27,000 after purchasing an additional 38 shares during the period. V Square Quantitative Management LLC boosted its position in shares of Valero Energy by 0.6% during the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after buying an additional 42 shares during the period. Bouchey Financial Group Ltd. grew its stake in shares of Valero Energy by 4.6% in the second quarter. Bouchey Financial Group Ltd. now owns 1,016 shares of the oil and gas company’s stock valued at $265,000 after buying an additional 45 shares in the last quarter. M.E. Allison & CO. Inc. grew its stake in shares of Valero Energy by 5.8% in the second quarter. M.E. Allison & CO. Inc. now owns 916 shares of the oil and gas company’s stock valued at $239,000 after buying an additional 50 shares in the last quarter. Finally, Ridgecrest Wealth Partners LLC raised its holdings in shares of Valero Energy by 5.0% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 1,054 shares of the oil and gas company’s stock valued at $275,000 after buying an additional 50 shares during the period. 78.69% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about Valero Energy
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Refining-market strength supports the rally. Global disruptions have reduced refining capacity and tightened gasoline, diesel and jet-fuel supplies, driving unusually strong refining margins. Valero’s complex refineries, Gulf Coast presence and ability to process a broad range of crude grades could allow it to benefit into 2027. UBS Bets on Valero Energy to Shatter Its Record High Can Crude Flexibility and Gulf Coast Exposure Aid VLO’s Outlook?
- Positive Sentiment: Analyst targets point to further upside. Raymond James raised its Valero price target to $450, while Morgan Stanley forecast strong appreciation, reinforcing the bullish outlook. Raymond James Raises Valero Energy Price Target Morgan Stanley Forecasts Strong Price Appreciation for Valero
- Positive Sentiment: Momentum and growth screens are attracting buyers. Zacks identified VLO as a top-ranked momentum stock and included it among its Rank #1 “Strong Buy” growth stocks. Valero Is a Top-Ranked Momentum Stock Best Growth Stocks to Buy
- Neutral Sentiment: Market-relative performance was favorable. VLO advanced even as the broader market declined, highlighting continued investor demand. The company also recently exceeded earnings and revenue expectations, though the stock’s sharp year-to-date rally means future gains depend heavily on sustained refining margins. Valero Rises as Market Takes a Dip
Valero Energy Company Profile
Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. Its primary business is refining crude oil into transportation fuels and other products, including gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks.
Valero operates refineries and related facilities in the United States, Canada and the United Kingdom, and markets its products through wholesale and commercial channels in North America and other international markets.
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