Valero Energy Co. (NYSE:VLO – Get Free Report) has received a consensus rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $153.64.
Several research firms have recently commented on VLO. Wells Fargo & Company decreased their target price on Valero Energy from $144.00 to $141.00 in a research report on Monday, October 9th. Raymond James lowered their target price on shares of Valero Energy from $156.00 to $154.00 and set a “strong-buy” rating on the stock in a report on Friday, October 27th. Bank of America boosted their price target on shares of Valero Energy from $152.00 to $161.00 and gave the company a “neutral” rating in a research report on Monday, September 18th. The Goldman Sachs Group upped their target price on shares of Valero Energy from $113.00 to $128.00 and gave the stock a “sell” rating in a research report on Friday, September 1st. Finally, StockNews.com assumed coverage on shares of Valero Energy in a research note on Thursday, October 5th. They set a “buy” rating for the company.
Hedge Funds Weigh In On Valero Energy
Valero Energy Stock Up 0.5 %
Shares of Valero Energy stock opened at $124.74 on Thursday. The stock’s fifty day moving average is $132.15 and its 200-day moving average is $124.45. The firm has a market capitalization of $42.47 billion, a PE ratio of 4.25, a price-to-earnings-growth ratio of 0.82 and a beta of 1.57. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.36. Valero Energy has a 12-month low of $104.18 and a 12-month high of $152.20.
Valero Energy (NYSE:VLO – Get Free Report) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.36 by $0.13. Valero Energy had a return on equity of 39.97% and a net margin of 7.11%. The business had revenue of $38.40 billion during the quarter, compared to analysts’ expectations of $38.46 billion. During the same period in the prior year, the firm posted $7.14 EPS. Valero Energy’s quarterly revenue was down 13.6% compared to the same quarter last year. Equities analysts anticipate that Valero Energy will post 24.91 earnings per share for the current year.
Valero Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, November 17th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, November 16th. Valero Energy’s payout ratio is currently 13.91%.
Valero Energy Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.
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