Valero Energy (VLO) Stock Rating Reaffirmed by Scotiabank

Valero Energy (NYSE:VLO)‘s stock had its “sector perform” rating reiterated by research analysts at Scotiabank in a research note issued to investors on Thursday.

A number of other equities analysts have also recently issued reports on the stock. Scotia Howard Weill reiterated a “sector perform” rating on shares of Valero Energy in a research note on Wednesday. Howard Weil cut shares of Valero Energy from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday. JPMorgan Chase lowered their target price on shares of Valero Energy from $105.00 to $104.00 and set a “neutral” rating on the stock in a research note on Monday, April 9th. Deutsche Bank lowered their target price on shares of Valero Energy from $98.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday, March 19th. Finally, Credit Suisse Group restated a “neutral” rating and set a $102.00 target price on shares of Valero Energy in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. Valero Energy currently has a consensus rating of “Hold” and an average price target of $93.59.

Shares of Valero Energy stock opened at $101.83 on Thursday. The stock has a market capitalization of $43,451.88, a P/E ratio of 20.53, a PEG ratio of 1.15 and a beta of 1.02. Valero Energy has a 1 year low of $60.69 and a 1 year high of $102.23. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.



Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion for 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 10.30%. Valero Energy’s revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. analysts expect that Valero Energy will post 7.04 earnings per share for the current fiscal year.

Valero Energy declared that its Board of Directors has authorized a stock buyback program 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 buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Several large investors have recently modified their holdings of the company. BKD Wealth Advisors LLC lifted its stake in shares of Valero Energy by 8.3% in the 4th quarter. BKD Wealth Advisors LLC now owns 7,092 shares of the oil and gas company’s stock worth $652,000 after purchasing an additional 541 shares during the period. Daiwa SB Investments Ltd. lifted its stake in shares of Valero Energy by 26.1% in the 4th quarter. Daiwa SB Investments Ltd. now owns 2,660 shares of the oil and gas company’s stock worth $244,000 after purchasing an additional 550 shares during the period. Johnson Financial Group Inc. lifted its stake in shares of Valero Energy by 1.5% in the 4th quarter. Johnson Financial Group Inc. now owns 40,047 shares of the oil and gas company’s stock worth $3,681,000 after purchasing an additional 591 shares during the period. GSA Capital Partners LLP lifted its stake in shares of Valero Energy by 1.9% in the 3rd quarter. GSA Capital Partners LLP now owns 34,781 shares of the oil and gas company’s stock worth $2,676,000 after purchasing an additional 643 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Valero Energy by 25.6% in the 4th quarter. Park Avenue Securities LLC now owns 3,336 shares of the oil and gas company’s stock worth $310,000 after purchasing an additional 681 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 (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)

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