Valero Energy (NYSE:VLO) Stock Price Down 7.7%

Valero Energy Co. (NYSE:VLO) shares were down 7.7% during trading on Monday . The company traded as low as $75.08 and last traded at $75.78, approximately 5,964,837 shares changed hands during trading. An increase of 65% from the average daily volume of 3,605,037 shares. The stock had previously closed at $82.07.

A number of research analysts recently commented on VLO shares. JPMorgan Chase & Co. upgraded Valero Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $102.00 to $105.00 in a research note on Tuesday, May 14th. Goldman Sachs Group upgraded Valero Energy from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $96.00 to $92.00 in a research report on Thursday, June 6th. Morgan Stanley boosted their price target on Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, April 15th. ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $105.47.

The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. The business has a 50-day simple moving average of $82.93. The firm has a market cap of $34.24 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 1.93 and a beta of 1.48.

Valero Energy (NYSE:VLO) last announced 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 Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The company had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same quarter in the previous year, the firm posted $2.15 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. Equities analysts forecast that Valero Energy Co. will post 5.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.90 per share. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.75%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.

Several institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Valero Energy by 1.2% in the first quarter. FMR LLC now owns 11,136,474 shares of the oil and gas company’s stock valued at $944,707,000 after buying an additional 127,138 shares during the period. LSV Asset Management lifted its holdings in shares of Valero Energy by 3.3% in the first quarter. LSV Asset Management now owns 7,361,348 shares of the oil and gas company’s stock valued at $624,463,000 after buying an additional 233,009 shares during the period. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Valero Energy by 12.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,260,595 shares of the oil and gas company’s stock valued at $276,595,000 after buying an additional 353,355 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Valero Energy by 8.4% in the first quarter. Wells Fargo & Company MN now owns 2,640,259 shares of the oil and gas company’s stock valued at $223,973,000 after buying an additional 204,848 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Valero Energy by 29.3% in the second quarter. Janus Henderson Group PLC now owns 2,495,692 shares of the oil and gas company’s stock valued at $213,658,000 after buying an additional 564,854 shares during the period. Institutional investors and hedge funds own 77.21% of the company’s stock.

About Valero Energy (NYSE:VLO)

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.

Featured Story: What does cost of debt say about a company’s financial health?

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.