Valero Energy (VLO) Lowered to “Sector Perform” at Howard Weil

Howard Weil downgraded shares of Valero Energy (NYSE:VLO) from a sector outperform rating to a sector perform rating in a report released on Wednesday morning, Marketbeat.com reports.

VLO has been the subject of several other research reports. ValuEngine raised shares of Valero Energy from a hold rating to a buy rating in a report on Sunday, December 31st. Credit Suisse Group assumed coverage on shares of Valero Energy in a report on Wednesday, January 3rd. They set a neutral rating and a $91.00 price objective for the company. Citigroup raised their price target on shares of Valero Energy from $76.00 to $96.00 and gave the company a neutral rating in a report on Wednesday, January 24th. Scotiabank reissued a buy rating and issued a $93.00 price target on shares of Valero Energy in a report on Friday, December 22nd. Finally, Bank of America raised their price target on shares of Valero Energy from $102.00 to $105.00 and gave the company a buy rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the company. Valero Energy has an average rating of Hold and an average price target of $93.59.

NYSE VLO opened at $100.31 on Wednesday. The company has a market cap of $42,836.77, a PE ratio of 19.86, a PEG ratio of 1.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 1.17. Valero Energy has a 1-year low of $60.69 and a 1-year high of $100.91.



Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the business posted $0.81 earnings per share. equities analysts predict that Valero Energy will post 7.03 earnings per share for the current year.

Valero Energy declared that its Board of Directors has initiated a share repurchase plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

A number of hedge funds have recently made changes to their positions in the business. BKD Wealth Advisors LLC boosted its stake in Valero Energy by 8.3% in the fourth quarter. BKD Wealth Advisors LLC now owns 7,092 shares of the oil and gas company’s stock valued at $652,000 after acquiring an additional 541 shares during the last quarter. Daiwa SB Investments Ltd. boosted its stake in Valero Energy by 26.1% in the fourth quarter. Daiwa SB Investments Ltd. now owns 2,660 shares of the oil and gas company’s stock valued at $244,000 after acquiring an additional 550 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in Valero Energy by 1.5% in the fourth quarter. Johnson Financial Group Inc. now owns 40,047 shares of the oil and gas company’s stock valued at $3,681,000 after acquiring an additional 591 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Valero Energy by 1.9% in the third quarter. GSA Capital Partners LLP now owns 34,781 shares of the oil and gas company’s stock valued at $2,676,000 after acquiring an additional 643 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Valero Energy by 25.6% in the fourth quarter. Park Avenue Securities LLC now owns 3,336 shares of the oil and gas company’s stock valued at $310,000 after acquiring an additional 681 shares during the last quarter. 80.90% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Valero Energy (VLO) Lowered to “Sector Perform” at Howard Weil” was reported by Dakota Financial News and is the property of of Dakota Financial News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/04/12/valero-energy-vlo-lowered-to-sector-perform-at-howard-weil.html.

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.

Analyst Recommendations for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply