Standpoint Research cut shares of Valero Energy Corporation (NYSE:VLO) from a buy rating to a hold rating in a report published on Thursday, MarketBeat Ratings reports. Standpoint Research currently has $84.00 target price on the oil and gas company’s stock.
Several other research firms have also weighed in on VLO. Barclays PLC lifted their price objective on Valero Energy Corporation from $86.00 to $108.00 and gave the company an overweight rating in a research note on Tuesday, November 14th. UBS AG raised their target price on Valero Energy Corporation from $80.00 to $83.00 and gave the company a neutral rating in a report on Wednesday. Scotiabank reiterated a buy rating and set a $84.00 target price on shares of Valero Energy Corporation in a report on Tuesday, November 14th. Evercore ISI upgraded Valero Energy Corporation from an in-line rating to an outperform rating in a report on Thursday, November 2nd. Finally, Jefferies Group LLC downgraded Valero Energy Corporation from a buy rating to a hold rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $79.28.
Valero Energy Corporation (VLO) traded up $0.76 during midday trading on Thursday, hitting $82.88. The stock had a trading volume of 2,820,881 shares, compared to its average volume of 3,839,651. The firm has a market cap of $36,266.71, a price-to-earnings ratio of 17.90, a P/E/G ratio of 1.72 and a beta of 1.17. Valero Energy Corporation has a fifty-two week low of $60.35 and a fifty-two week high of $82.92. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 EPS. equities analysts expect that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.38%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 60.48%.
In other news, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,268 shares of company stock valued at $4,263,601 in the last quarter. 0.45% of the stock is currently owned by insiders.
Institutional investors have recently made changes to their positions in the company. OLD Republic International Corp acquired a new stake in shares of Valero Energy Corporation during the first quarter worth $11,435,000. Aberdeen Asset Management PLC UK raised its position in shares of Valero Energy Corporation by 19.0% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock worth $73,059,000 after purchasing an additional 172,788 shares during the period. Brookstone Capital Management raised its position in shares of Valero Energy Corporation by 4.4% during the second quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock worth $5,848,000 after purchasing an additional 3,644 shares during the period. Andra AP fonden raised its position in shares of Valero Energy Corporation by 2.9% during the second quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock worth $4,810,000 after purchasing an additional 2,000 shares during the period. Finally, Swiss National Bank raised its position in shares of Valero Energy Corporation by 2.7% during the second quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock worth $111,103,000 after purchasing an additional 42,700 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.
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