Valero Energy (VLO) Sets New 12-Month High and Low Following Analyst Upgrade

Shares of Valero Energy (NYSE:VLO) reached a new 52-week high and low during trading on Monday after Morgan Stanley raised their price target on the stock from $100.00 to $110.00. Morgan Stanley currently has an equal weight rating on the stock. Valero Energy traded as low as $104.61 and last traded at $105.56, with a volume of 1700980 shares trading hands. The stock had previously closed at $101.83.

A number of other analysts have also recently commented on VLO. Scotiabank restated a “buy” rating and issued a $93.00 price objective on shares of Valero Energy in a research report on Friday, December 22nd. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group initiated coverage on Valero Energy in a report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 target price for the company. Piper Jaffray reiterated a “hold” rating and set a $98.00 target price on shares of Valero Energy in a report on Monday, January 22nd. Finally, Citigroup increased their target price on Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $95.94.

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Institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd boosted its stake in shares of Valero Energy by 831.0% during the 4th quarter. WINTON GROUP Ltd now owns 116,958 shares of the oil and gas company’s stock worth $10,750,000 after buying an additional 104,396 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Valero Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after buying an additional 72,930 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Valero Energy by 31.1% during the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 35,394 shares of the oil and gas company’s stock worth $3,253,000 after buying an additional 8,400 shares during the last quarter. Mariner Wealth Advisors LLC boosted its stake in shares of Valero Energy by 18.4% during the 4th quarter. Mariner Wealth Advisors LLC now owns 47,543 shares of the oil and gas company’s stock worth $4,369,000 after buying an additional 7,382 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Valero Energy by 53.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,979 shares of the oil and gas company’s stock worth $458,000 after buying an additional 1,743 shares during the last quarter. Institutional investors own 80.90% of the company’s stock.

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74. The company has a market capitalization of $44,110.31, a P/E ratio of 21.27, a PEG ratio of 1.16 and a beta of 1.01.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The company had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same period in the prior year, the business posted $0.81 EPS. The company’s quarterly revenue was up 27.4% on a year-over-year basis. equities research analysts forecast that Valero Energy will post 7.13 EPS for the current year.

Valero Energy declared that its board has approved a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

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Valero Energy Company Profile

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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