Valero Energy (NYSE:VLO – Free Report) had its price objective upped by Mizuho from $434.00 to $436.00 in a research note released on Monday. The firm currently has a neutral rating on the oil and gas company’s stock.
VLO has been the subject of several other reports. Barclays raised their price objective on shares of Valero Energy from $441.00 to $443.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Citigroup increased their target price on Valero Energy from $485.00 to $490.00 and gave the stock a “neutral” rating in a research note on Friday, October 23rd. Freedom Broker cut Valero Energy from a “hold” rating to a “sell” rating and set a $276.00 price target for the company. in a report on Friday, October 23rd. TD Cowen boosted their price target on Valero Energy from $375.00 to $400.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Finally, Piper Sandler upped their price objective on Valero Energy from $329.00 to $435.00 and gave the company an “overweight” rating in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $406.32.
Check Out Our Latest Research Report on Valero Energy
Valero Energy Stock Performance
Shares of NYSE:VLO traded down $2.88 on Monday, hitting $362.46. The company had a trading volume of 2,069,382 shares, compared to its average volume of 3,308,737. The stock has a market cap of $104.36 billion, a price-to-earnings ratio of 8.16, a P/E/G ratio of 0.20 and a beta of 0.58. The stock has a 50 day moving average price of $399.58 and a 200 day moving average price of $287.97. Valero Energy has a 1-year low of $159.90 and a 1-year high of $461.52. The company has a current ratio of 1.72, a quick ratio of 1.33 and a debt-to-equity ratio of 0.32.
Valero Energy (NYSE:VLO – Get Free Report) last posted its earnings results on Thursday, October 22nd. The oil and gas company reported $23.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $21.17 by $2.73. Valero Energy had a net margin of 8.44% and a return on equity of 45.90%. The company had revenue of $46.10 billion during the quarter, compared to analysts’ expectations of $42.71 billion. During the same quarter last year, the company posted $3.66 EPS. Valero Energy’s quarterly revenue was up 43.3% compared to the same quarter last year. Analysts expect that Valero Energy will post 57.83 EPS for the current year.
Valero Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Tuesday, November 24th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 24th. Valero Energy’s dividend payout ratio is 10.80%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of VLO. Bank of America Corp DE bought a new position in shares of Valero Energy in the 2nd quarter worth about $1,195,943,000. Amundi boosted its stake in Valero Energy by 45.3% during the first quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock worth $638,695,000 after acquiring an additional 806,018 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Valero Energy by 33.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,058,341 shares of the oil and gas company’s stock worth $536,074,000 after acquiring an additional 520,642 shares in the last quarter. Corient Private Wealth LP bought a new stake in Valero Energy during the second quarter worth about $59,917,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Valero Energy by 18.4% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock worth $702,285,000 after purchasing an additional 442,177 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation is an international energy company headquartered in San Antonio, Texas. The company’s primary business is refining and marketing transportation fuels, including gasoline, diesel, jet fuel and other products used by commercial, industrial and consumer customers.
Valero operates refineries in the United States, Canada and the United Kingdom. Its refining operations also produce asphalt, petrochemical feedstocks and other petroleum-based products. The company markets fuel through wholesale channels and branded retail networks, including Valero, Beacon and Shamrock-branded locations.
In addition to conventional refining, Valero has businesses focused on renewable fuels.
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