Valero Energy Corporation (NYSE:VLO – Get Free Report) shares were down 2.6% during trading on Monday. The company traded as low as $431.23 and last traded at $433.0160. 2,290,282 shares traded hands during trading, a decline of 31% from the average daily volume of 3,311,299 shares. The stock had previously closed at $444.71.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on VLO shares. TD Cowen increased their target price on shares of Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research report on Monday, August 3rd. Citigroup boosted their price target on shares of Valero Energy from $302.00 to $485.00 and gave the company a “neutral” rating in a report on Tuesday, October 13th. Barclays upped their price target on shares of Valero Energy from $323.00 to $441.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 6th. Morgan Stanley lifted their price objective on Valero Energy from $255.00 to $411.00 and gave the company an “equal weight” rating in a research report on Monday, September 14th. Finally, The Goldman Sachs Group boosted their target price on Valero Energy from $365.00 to $457.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $382.62.
Get Our Latest Stock Analysis on VLO
Valero Energy Trading Down 2.6%
The company has a market cap of $124.68 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 0.29 and a beta of 0.59. The company’s 50 day moving average price is $383.13 and its 200 day moving average price is $304.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.23 and a current ratio of 1.64.
Valero Energy (NYSE:VLO – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.11 by $2.43. The business had revenue of $44.48 billion during the quarter, compared to analyst estimates of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. Valero Energy’s quarterly revenue was up 48.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. Research analysts anticipate that Valero Energy Corporation will post 51.77 EPS for the current year.
Institutional Trading of Valero Energy
Several large investors have recently made changes to their positions in VLO. Bank of America Corp DE boosted its stake in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after acquiring an additional 516,975 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Valero Energy by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 2,969,320 shares of the oil and gas company’s stock worth $733,660,000 after acquiring an additional 254,604 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Valero Energy by 18.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,842,339 shares of the oil and gas company’s stock valued at $702,285,000 after acquiring an additional 442,177 shares during the last quarter. Amundi raised its position in shares of Valero Energy by 45.3% during the 1st quarter. Amundi now owns 2,584,976 shares of the oil and gas company’s stock valued at $638,695,000 after acquiring an additional 806,018 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Valero Energy by 33.9% during the 2nd 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 valued at $536,074,000 after acquiring an additional 520,642 shares during the last quarter. Institutional investors 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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