Valero Energy Co. (NYSE:VLO) Receives Average Rating of “Buy” from Brokerages

Shares of Valero Energy Co. (NYSE:VLOGet Rating) have been given an average rating of “Buy” by the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $118.64.

A number of research analysts recently issued reports on VLO shares. Wells Fargo & Company lifted their price target on Valero Energy from $126.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on Valero Energy from $111.00 to $142.00 in a report on Tuesday, May 17th. Royal Bank of Canada boosted their price objective on Valero Energy from $108.00 to $120.00 in a report on Wednesday, April 27th. Credit Suisse Group boosted their price objective on Valero Energy from $108.00 to $120.00 in a report on Wednesday, April 27th. Finally, Piper Sandler boosted their price objective on Valero Energy from $95.00 to $121.00 and gave the stock an “overweight” rating in a report on Monday, April 18th.

Shares of NYSE VLO traded down $1.28 during midday trading on Friday, reaching $122.98. 5,095,043 shares of the company traded hands, compared to its average volume of 5,730,599. The stock’s 50-day simple moving average is $107.41 and its 200-day simple moving average is $88.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.18. Valero Energy has a 12 month low of $58.85 and a 12 month high of $131.69. The firm has a market cap of $50.19 billion, a PE ratio of 19.87, a PEG ratio of 1.57 and a beta of 1.78.

Valero Energy (NYSE:VLOGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.70. Valero Energy had a return on equity of 13.69% and a net margin of 1.93%. The business had revenue of $38.54 billion during the quarter, compared to analysts’ expectations of $32.23 billion. During the same period in the previous year, the business posted ($1.73) earnings per share. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. On average, equities research analysts expect that Valero Energy will post 13.22 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Stockholders of record on Thursday, May 12th will be given a dividend of $0.98 per share. The ex-dividend date is Wednesday, May 11th. This represents a $3.92 annualized dividend and a dividend yield of 3.19%. Valero Energy’s payout ratio is currently 63.33%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. EP Wealth Advisors LLC grew its position in shares of Valero Energy by 1.3% in the 1st quarter. EP Wealth Advisors LLC now owns 386,709 shares of the oil and gas company’s stock valued at $39,266,000 after purchasing an additional 4,977 shares during the period. Resources Management Corp CT ADV grew its position in shares of Valero Energy by 0.5% in the 1st quarter. Resources Management Corp CT ADV now owns 27,976 shares of the oil and gas company’s stock valued at $2,841,000 after purchasing an additional 127 shares during the period. Toroso Investments LLC grew its position in shares of Valero Energy by 8.0% in the 1st quarter. Toroso Investments LLC now owns 18,119 shares of the oil and gas company’s stock valued at $1,840,000 after purchasing an additional 1,342 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Valero Energy in the 1st quarter valued at approximately $214,000. Finally, BNP Paribas Arbitrage SA boosted its position in Valero Energy by 26.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 379,562 shares of the oil and gas company’s stock worth $38,541,000 after acquiring an additional 79,822 shares during the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.

Valero Energy Company Profile (Get Rating)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

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