Scotiabank reiterated their sector perform rating on shares of Valero Energy (NYSE:VLO) in a research report sent to investors on Thursday.
VLO has been the topic of a number of other research reports. Scotia Howard Weill reaffirmed a sector perform rating on shares of Valero Energy in a research note on Wednesday. Howard Weil downgraded Valero Energy from a sector outperform rating to a sector perform rating in a research note on Wednesday. ValuEngine raised Valero Energy from a hold rating to a buy rating in a research note on Sunday, December 31st. Cowen reaffirmed a buy rating and issued a $100.00 price objective on shares of Valero Energy in a research note on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $110.00 price objective on shares of Valero Energy in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $93.59.
Shares of VLO opened at $101.83 on Thursday. The company has a market cap of $43,547.18, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. Valero Energy has a 12-month low of $60.69 and a 12-month high of $102.23. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion for the quarter, compared to the consensus estimate of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. equities analysts expect that Valero Energy will post 7.04 EPS for the current year.
Valero Energy declared that its Board of Directors has approved a share buyback program on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.
Institutional investors have recently made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $102,000. Parkside Financial Bank & Trust boosted its holdings in shares of Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 799 shares during the period. SWS Partners purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $127,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Valero Energy in the 4th quarter worth approximately $135,000. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Valero Energy by 300.6% in 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 during the period. Hedge funds and other institutional investors own 80.90% of the company’s stock.
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About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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