Valero Energy (VLO) Sets New 52-Week High and Low at $122.68

Valero Energy (NYSE:VLO) shares hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $122.68 and last traded at $121.97, with a volume of 126587 shares trading hands. The stock had previously closed at $121.60.

A number of research analysts have recently issued reports on VLO shares. Morgan Stanley raised their price objective on Valero Energy from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Monday, April 16th. Scotiabank reaffirmed a “sector perform” rating on shares of Valero Energy in a research note on Thursday, April 12th. Citigroup raised their price objective on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Bank of America raised their price objective on Valero Energy from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $102.00 price objective on shares of Valero Energy in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $104.18.

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.70. The firm has a market capitalization of $51.79 billion, a price-to-earnings ratio of 24.41, a PEG ratio of 1.85 and a beta of 1.02.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. The company had revenue of $264.90 million during the quarter, compared to analyst estimates of $23.35 billion. Valero Energy had a net margin of 4.29% and a return on equity of 10.61%. Valero Energy’s revenue for the quarter was down 98.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.68 earnings per share. analysts expect that Valero Energy will post 7.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.80 per share. The ex-dividend date is Wednesday, May 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.64%. Valero Energy’s dividend payout ratio is currently 64.52%.

In other news, insider Joseph W. Gorder sold 85,493 shares of the stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $121.23, for a total transaction of $10,364,316.39. Following the completion of the sale, the insider now directly owns 524,864 shares in the company, valued at $63,629,262.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.45% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Valero Energy by 5.8% in the fourth quarter. Bank of New York Mellon Corp now owns 11,932,482 shares of the oil and gas company’s stock worth $1,096,715,000 after buying an additional 658,940 shares during the period. LSV Asset Management lifted its holdings in Valero Energy by 0.5% in the first quarter. LSV Asset Management now owns 8,934,495 shares of the oil and gas company’s stock worth $828,853,000 after buying an additional 41,783 shares during the period. Geode Capital Management LLC lifted its holdings in Valero Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,853,651 shares of the oil and gas company’s stock worth $445,213,000 after buying an additional 72,930 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Valero Energy by 6.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,710,882 shares of the oil and gas company’s stock worth $344,259,000 after buying an additional 228,702 shares during the period. Finally, Amundi Pioneer Asset Management Inc. purchased a new stake in Valero Energy in the fourth quarter worth about $302,721,000. Institutional investors and hedge funds own 77.79% 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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