Shares of Valero Energy Co. (NYSE:VLO) have been assigned a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $91.13.
VLO has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Monday, October 23rd. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Scotiabank restated a “buy” rating and set a $93.00 price target on shares of Valero Energy in a research note on Friday, December 22nd. Cowen restated a “buy” rating and set a $90.00 price target on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Bank of America raised their price objective on shares of Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th.
In other Valero Energy news, CFO Michael S. Ciskowski sold 45,657 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total transaction of $87,230.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 298,187 shares of company stock valued at $27,611,828. Insiders own 0.45% of the company’s stock.
Large investors have recently made changes to their positions in the business. Putnam FL Investment Management Co. bought a new stake in shares of Valero Energy during the 3rd quarter worth $1,910,000. Prudential Financial Inc. lifted its holdings in shares of Valero Energy by 14.5% during the 3rd quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after acquiring an additional 411,630 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Valero Energy by 2.0% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after acquiring an additional 7,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Valero Energy by 45.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 251,747 shares of the oil and gas company’s stock worth $19,367,000 after acquiring an additional 78,904 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Valero Energy by 33.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 339,163 shares of the oil and gas company’s stock worth $26,092,000 after acquiring an additional 84,254 shares during the last quarter. 78.95% of the stock is owned by hedge funds and other institutional investors.
Shares of Valero Energy (NYSE VLO) traded up $0.27 during mid-day trading on Wednesday, hitting $93.27. 2,538,800 shares of the stock traded hands, compared to its average volume of 3,598,673. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy has a 12 month low of $60.69 and a 12 month high of $99.95. The stock has a market cap of $40,810.00, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.12 and a beta of 0.99.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The company had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. During the same quarter last year, the business posted $0.81 EPS. Valero Energy’s quarterly revenue was up 27.4% compared to the same quarter last year. equities research analysts anticipate that Valero Energy will post 7.13 earnings per share for the current fiscal year.
Valero Energy declared that its Board of Directors has approved a stock buyback plan on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.43%. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Monday, February 12th. Valero Energy’s dividend payout ratio (DPR) is presently 69.41%.
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About Valero Energy
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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