Valero Energy Corporation (VLO) Rating Reiterated by Piper Jaffray Companies

Valero Energy Corporation (NYSE:VLO)‘s stock had its “hold” rating restated by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. They presently have a $78.00 price objective on the oil and gas company’s stock. Piper Jaffray Companies’ target price would indicate a potential downside of 5.05% from the company’s current price.

VLO has been the topic of several other research reports. BidaskClub lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Citigroup Inc. raised their price target on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group LLC lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Cowen and Company restated a “buy” rating and set a $90.00 price target on shares of Valero Energy Corporation in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $79.28.

Valero Energy Corporation (NYSE:VLO) opened at $82.15 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a fifty-two week low of $60.35 and a fifty-two week high of $82.61. The stock has a market cap of $35,654.10, a price-to-earnings ratio of 17.60, a P/E/G ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter last year, the company posted $1.24 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. analysts forecast that Valero Energy Corporation will post 4.83 EPS for the current year.

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In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 58,268 shares of company stock worth $4,263,601 over the last ninety days. 0.45% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in Valero Energy Corporation by 2.8% during the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after purchasing an additional 1,080,617 shares during the period. Vanguard Group Inc. raised its stake in Valero Energy Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock worth $2,303,979,000 after purchasing an additional 747,980 shares during the period. Ameriprise Financial Inc. raised its stake in Valero Energy Corporation by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after purchasing an additional 65,704 shares during the period. Bank of New York Mellon Corp raised its stake in Valero Energy Corporation by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock worth $867,273,000 after purchasing an additional 469,406 shares during the period. Finally, LSV Asset Management raised its stake in Valero Energy Corporation by 4.2% during the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after purchasing an additional 366,009 shares during the period. 80.81% of the stock is currently owned by institutional investors.

About Valero Energy Corporation

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 Corporation (NYSE:VLO)

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