Valero Energy (NYSE:VLO) had its price target cut by stock analysts at Deutsche Bank from $98.00 to $95.00 in a research note issued on Monday. The firm presently has a “hold” rating on the oil and gas company’s stock. Deutsche Bank’s target price would suggest a potential upside of 0.56% from the stock’s current price.
A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $105.00 target price (up previously from $99.00) on shares of Valero Energy in a report on Tuesday, March 13th. Credit Suisse Group restated a “neutral” rating and issued a $102.00 target price on shares of Valero Energy in a report on Wednesday, March 7th. Citigroup upgraded Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 target price on the stock in a report on Wednesday, February 14th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Valero Energy in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $93.65.
Valero Energy stock opened at $94.47 on Monday. Valero Energy has a fifty-two week low of $60.69 and a fifty-two week high of $99.95. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $40,627.58, a P/E ratio of 10.22, a PEG ratio of 1.06 and a beta of 1.03.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The company had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. During the same quarter last year, the company earned $0.81 earnings per share. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. sell-side analysts forecast that Valero Energy will post 7.14 EPS for the current fiscal year.
Valero Energy announced that its board has initiated a share buyback program on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Valero Energy news, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total value of $23,465,233.70. Following the completion of the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Independence Bank of Kentucky purchased a new stake in Valero Energy in the fourth quarter worth $102,000. Parkside Financial Bank & Trust increased its position in Valero Energy by 211.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares during the last quarter. Willingdon Wealth Management purchased a new stake in Valero Energy in the third quarter worth $100,000. SWS Partners purchased a new stake in Valero Energy in the fourth quarter worth $127,000. Finally, San Francisco Sentry Investment Group CA increased its position in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares during the last quarter. 80.88% of the stock is owned by institutional investors and hedge funds.
Valero Energy Company Profile
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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