Shares of Valero Energy Co. (NYSE:VLO) have been assigned a consensus rating of “Hold” from the twenty-two brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $91.13.
Several analysts have commented on the stock. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. Cowen reiterated a “buy” rating and issued a $90.00 price target on shares of Valero Energy in a report on Friday, November 3rd. Piper Jaffray Companies reiterated a “hold” rating and issued a $98.00 price target on shares of Valero Energy in a report on Monday, January 22nd. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday, October 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 price target on shares of Valero Energy in a report on Tuesday, January 30th.
In related news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total transaction of $87,230.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares in the company, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. Insiders have sold a total of 298,187 shares of company stock worth $27,611,828 in the last 90 days. Company insiders own 0.45% of the company’s stock.
Valero Energy (VLO) traded up $0.27 during mid-day trading on Wednesday, reaching $93.27. 2,538,806 shares of the company’s stock traded hands, compared to its average volume of 3,650,000. The stock has a market cap of $40,810.00, a PE ratio of 20.23, a P/E/G ratio of 1.12 and a beta of 0.99. 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 12-month low of $60.69 and a 12-month high of $99.95.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. Valero Energy’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS. equities analysts anticipate that Valero Energy will post 7.13 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.43%. Valero Energy’s payout ratio is presently 69.41%.
Valero Energy declared that its board has authorized a stock buyback plan on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
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Valero Energy Company Profile
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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