Shares of Valero Energy Co. (NYSE:VLO) have earned an average recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $104.02.
VLO has been the topic of a number of analyst reports. Wells Fargo & Co set a $107.00 price objective on shares of Valero Energy and gave the company a “buy” rating in a report on Friday, July 26th. Royal Bank of Canada set a $98.00 target price on Valero Energy and gave the stock a “buy” rating in a report on Friday, July 26th. ValuEngine raised Valero Energy from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Morgan Stanley raised their target price on Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $96.00 to $92.00 in a report on Thursday, June 6th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisory Alpha LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $27,000. Archford Capital Strategies LLC boosted its position in shares of Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the period. Covenant Multifamily Offices LLC purchased a new position in shares of Valero Energy during the first quarter valued at approximately $36,000. First Manhattan Co. boosted its position in shares of Valero Energy by 47.1% during the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 145 shares during the period. Finally, NuWave Investment Management LLC boosted its position in shares of Valero Energy by 1,107.7% during the second quarter. NuWave Investment Management LLC now owns 471 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 432 shares during the period. Institutional investors own 77.13% of the company’s stock.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.37 by $0.14. The business had revenue of $28.93 billion during the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. Analysts predict that Valero Energy will post 5.32 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 annualized dividend and a yield of 4.27%. Valero Energy’s dividend payout ratio is currently 48.85%.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
Further Reading: What is the definition of arbitrage?
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.