Investment analysts at Barclays assumed coverage on shares of Valero Energy (NYSE:VLO) in a report issued on Tuesday, Marketbeat.com reports. The firm set an “overweight” rating and a $116.00 price target on the oil and gas company’s stock. Barclays‘s price objective points to a potential upside of 25.73% from the company’s current price.
Other analysts also recently issued reports about the company. Royal Bank of Canada set a $99.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. ValuEngine upgraded Valero Energy from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 26th. Morgan Stanley boosted their target price on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Co boosted their target price on Valero Energy from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Finally, Goldman Sachs Group set a $104.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. Valero Energy presently has an average rating of “Buy” and an average target price of $103.02.
VLO opened at $92.26 on Tuesday. The business’s fifty day moving average is $94.31 and its two-hundred day moving average is $88.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40. The company has a market cap of $39.79 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 1.26 and a beta of 1.46. Valero Energy has a one year low of $69.44 and a one year high of $101.99.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The company had revenue of $27.25 billion for the quarter, compared to the consensus estimate of $25.93 billion. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. Valero Energy’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 earnings per share. On average, analysts predict that Valero Energy will post 5.01 EPS for the current fiscal year.
In other news, CEO Joseph W. Gorder sold 21,400 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total value of $2,045,198.00. Following the sale, the chief executive officer now directly owns 424,917 shares in the company, valued at $40,609,317.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.38% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mechanics Bank Trust Department purchased a new position in Valero Energy during the third quarter worth about $31,000. Stonebridge Capital Advisors LLC purchased a new position in Valero Energy during the second quarter worth about $32,000. Northwest Investment Counselors LLC purchased a new position in Valero Energy during the third quarter worth about $33,000. Executive Wealth Management LLC lifted its position in Valero Energy by 102.5% during the third quarter. Executive Wealth Management LLC now owns 399 shares of the oil and gas company’s stock worth $34,000 after buying an additional 202 shares during the period. Finally, Griffin Asset Management Inc. purchased a new position in Valero Energy during the second quarter worth about $34,000. Hedge funds and other institutional investors own 75.65% of the company’s stock.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.
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