Standpoint Research cut shares of Valero Energy (NYSE:VLO) from a buy rating to a hold rating in a research report report published on Thursday, November 16th, MarketBeat.com reports. The firm currently has $84.00 price objective on the oil and gas company’s stock.
Several other research analysts have also weighed in on the stock. UBS increased their target price on shares of Valero Energy from $80.00 to $83.00 and gave the stock a neutral rating in a research note on Wednesday, November 15th. Barclays increased their price target on shares of Valero Energy from $86.00 to $108.00 and gave the stock an overweight rating in a research report on Tuesday, November 14th. Scotiabank reaffirmed a buy rating and issued a $84.00 target price on shares of Valero Energy in a report on Tuesday, November 14th. Cowen reaffirmed a buy rating and issued a $90.00 target price on shares of Valero Energy in a report on Friday, November 3rd. Finally, Evercore ISI raised shares of Valero Energy from an in-line rating to an outperform rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $79.28.
Shares of Valero Energy (VLO) traded up $2.15 during midday trading on Thursday, hitting $85.78. 4,197,347 shares of the stock were exchanged, compared to its average volume of 4,049,916. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy has a 1-year low of $60.69 and a 1-year high of $86.42. The firm has a market capitalization of $36,831.19, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. Valero Energy’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 earnings per share. equities research analysts expect that Valero Energy will post 4.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.26%. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Stephen M. Waters sold 1,500 shares of Valero Energy stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,268 shares of company stock worth $4,263,601. Insiders own 0.45% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Shelton Capital Management boosted its position in shares of Valero Energy by 533.2% during the 3rd quarter. Shelton Capital Management now owns 25,532 shares of the oil and gas company’s stock worth $1,964,000 after purchasing an additional 21,500 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Valero Energy by 300.6% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,398 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Valero Energy during the 3rd quarter worth $1,696,000. Public Employees Retirement System of Ohio boosted its position in shares of Valero Energy by 0.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 324,435 shares of the oil and gas company’s stock worth $24,959,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC purchased a new stake in shares of Valero Energy during the 3rd quarter worth $2,192,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.
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About Valero Energy
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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