Valero Energy (NYSE:VLO) Stock Rating Lowered by ValuEngine

Valero Energy (NYSE:VLO) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Friday, ValuEngine reports.

VLO has been the subject of several other research reports. Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Goldman Sachs Group raised Valero Energy from a “neutral” rating to a “buy” rating and cut their price target for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. Raymond James lifted their price target on Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. raised Valero Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $105.47.

Valero Energy stock traded down $2.27 during midday trading on Friday, reaching $82.07. The company’s stock had a trading volume of 3,235,030 shares, compared to its average volume of 3,589,092. The company has a market capitalization of $35.19 billion, a price-to-earnings ratio of 11.14, a PEG ratio of 1.99 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. Valero Energy has a fifty-two week low of $68.81 and a fifty-two week high of $122.42. The company’s 50 day simple moving average is $82.72.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share (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 the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The business’s revenue was down 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.15 EPS. As a group, equities analysts predict that Valero Energy will post 5.32 EPS for the current year.

A number of institutional investors have recently bought and sold shares of VLO. Millennium Management LLC increased its position in Valero Energy by 125.1% during the 4th quarter. Millennium Management LLC now owns 22,233 shares of the oil and gas company’s stock worth $1,667,000 after purchasing an additional 110,674 shares in the last quarter. Actinver Wealth Management Inc. purchased a new stake in Valero Energy during the 4th quarter worth about $290,000. Chesley Taft & Associates LLC increased its position in Valero Energy by 73.8% during the 1st quarter. Chesley Taft & Associates LLC now owns 9,470 shares of the oil and gas company’s stock worth $803,000 after purchasing an additional 4,020 shares in the last quarter. Old Port Advisors grew its holdings in Valero Energy by 3.0% in the 1st quarter. Old Port Advisors now owns 6,201 shares of the oil and gas company’s stock valued at $526,000 after buying an additional 178 shares during the period. Finally, Perkins Coie Trust Co grew its holdings in Valero Energy by 1.8% in the 1st quarter. Perkins Coie Trust Co now owns 11,116 shares of the oil and gas company’s stock valued at $943,000 after buying an additional 195 shares during the period. Hedge funds and other institutional investors own 77.13% of the company’s stock.

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.

See Also: Hedge Funds

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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