Brokerages Set Valero Energy Co. (NYSE:VLO) PT at $155.07

by · The Markets Daily

Valero Energy Co. (NYSE:VLO – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $155.07.

Several equities research analysts have recently commented on VLO shares. Piper Sandler downgraded Valero Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Bank of America initiated coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Barclays dropped their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. TD Cowen reduced their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd.

Get Our Latest Analysis on Valero Energy

Valero Energy Stock Up 0.7 %

Valero Energy stock opened at $119.68 on Friday. The company has a fifty day simple moving average of $132.92 and a 200 day simple moving average of $141.22. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy has a 1-year low of $116.84 and a 1-year high of $184.79. The company has a market cap of $37.89 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Valero Energy (NYSE:VLO – Get Free Report) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same quarter in the previous year, the business earned $7.49 earnings per share. Valero Energy’s quarterly revenue was down 14.4% on a year-over-year basis. Research analysts anticipate that Valero Energy will post 8.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were given a $1.07 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.58%. Valero Energy’s payout ratio is presently 38.39%.

Hedge Funds Weigh In On Valero Energy

A number of hedge funds have recently bought and sold shares of VLO. EdgeRock Capital LLC bought a new stake in Valero Energy in the 2nd quarter valued at about $27,000. Summit Securities Group LLC bought a new stake in shares of Valero Energy in the second quarter valued at approximately $31,000. Peterson Financial Group Inc. acquired a new stake in Valero Energy during the third quarter worth approximately $28,000. Compagnie Lombard Odier SCmA bought a new position in Valero Energy during the 3rd quarter worth $34,000. Finally, American Capital Advisory LLC acquired a new position in Valero Energy in the 2nd quarter valued at $42,000. 78.69% of the stock is owned by institutional investors.

About Valero Energy

(Get Free Report

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.

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