Shares of Valero Energy Corporation (NYSE:VLO) have earned an average recommendation of “Hold” from the twenty-five ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $75.20.
Several equities research analysts recently commented on VLO shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a report on Thursday, August 31st. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a report on Wednesday, June 21st. BidaskClub downgraded Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Citigroup Inc. cut their price target on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th.
In related news, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total value of $49,764.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,168 shares of company stock worth $4,015,279. 0.45% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of VLO. Waldron LP increased its stake in Valero Energy Corporation by 45.7% in the 1st quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 2,650 shares during the last quarter. Family Legacy Inc. bought a new stake in Valero Energy Corporation in the 1st quarter worth approximately $253,000. Hillsdale Investment Management Inc. increased its stake in Valero Energy Corporation by 534.1% in the 1st quarter. Hillsdale Investment Management Inc. now owns 5,580 shares of the oil and gas company’s stock worth $371,000 after acquiring an additional 4,700 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in Valero Energy Corporation by 75.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 91,177 shares of the oil and gas company’s stock worth $6,044,000 after acquiring an additional 39,199 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Valero Energy Corporation by 11.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 147,050 shares of the oil and gas company’s stock worth $9,748,000 after acquiring an additional 15,452 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.
Valero Energy Corporation (NYSE VLO) traded up 0.26% during mid-day trading on Thursday, hitting $77.62. 2,352,715 shares of the stock traded hands. The firm’s 50-day moving average is $73.20 and its 200 day moving average is $67.63. Valero Energy Corporation has a 52-week low of $53.60 and a 52-week high of $78.64. The firm has a market cap of $34.28 billion, a P/E ratio of 19.16 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the company earned $1.07 EPS. Valero Energy Corporation’s revenue for the quarter was up 13.6% on a year-over-year basis. Equities analysts predict that Valero Energy Corporation will post $4.52 EPS for the current fiscal year.
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About Valero Energy Corporation
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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