Shares of Valero Energy (NYSE:VLO) hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $109.00 and last traded at $108.50, with a volume of 1041673 shares. The stock had previously closed at $108.55.
A number of analysts have issued reports on VLO shares. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Citigroup raised Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, February 14th. Cowen reissued a “buy” rating and issued a $100.00 target price on shares of Valero Energy in a report on Thursday, February 1st. Royal Bank of Canada reissued a “buy” rating and issued a $110.00 target price on shares of Valero Energy in a report on Tuesday, January 30th. Finally, Bank of America boosted their target price on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $95.94.
The stock has a market cap of $47,021.25, a PE ratio of 21.91, a PEG ratio of 1.15 and a beta of 1.01. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38.
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, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The firm had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The firm’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. research analysts forecast that Valero Energy will post 7.3 earnings per share for the current year.
Valero Energy declared that its Board of Directors has initiated a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of hedge funds have recently modified their holdings of VLO. Independence Bank of Kentucky acquired a new position in Valero Energy in the 4th quarter valued at about $102,000. Parkside Financial Bank & Trust increased its position in Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after acquiring an additional 799 shares during the period. SWS Partners acquired a new position in Valero Energy in the 4th quarter valued at about $127,000. Harvest Fund Management Co. Ltd acquired a new position in Valero Energy during the 4th quarter worth approximately $135,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in Valero Energy during the 4th quarter worth approximately $184,000. Hedge funds and other institutional investors own 80.90% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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