Valero Energy Corporation (VLO) Given New $108.00 Price Target at Barclays PLC

Valero Energy Corporation (NYSE:VLO) had its price objective lifted by Barclays PLC from $86.00 to $108.00 in a research report released on Tuesday. They currently have an overweight rating on the oil and gas company’s stock.

VLO has been the topic of a number of other research reports. Scotiabank reiterated a buy rating and set a $84.00 price objective on shares of Valero Energy Corporation in a research note on Tuesday. Evercore ISI upgraded Valero Energy Corporation from an in-line rating to an outperform rating in a research note on Thursday, November 2nd. Jefferies Group LLC cut Valero Energy Corporation from a buy rating to a hold rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Valero Energy Corporation from a hold rating to a buy rating and set a $87.00 price target on the stock in a research note on Monday, October 16th. Finally, Citigroup Inc. increased their price target on Valero Energy Corporation from $68.00 to $76.00 and gave the company a buy rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the stock. Valero Energy Corporation has an average rating of Hold and an average target price of $79.28.

Valero Energy Corporation (VLO) opened at $82.88 on Tuesday. Valero Energy Corporation has a 12-month low of $60.35 and a 12-month high of $82.92. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The stock has a market capitalization of $36,270.00, a P/E ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter in the prior year, the firm posted $1.24 EPS. The business’s revenue was up 19.9% on a year-over-year basis. research analysts anticipate that Valero Energy Corporation will post 4.83 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s payout ratio is 60.74%.

In other news, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold 58,268 shares of company stock worth $4,263,601 over the last three months. Insiders own 0.45% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Willingdon Wealth Management bought a new position in shares of Valero Energy Corporation during the third quarter worth about $100,000. Cable Hill Partners LLC raised its position in shares of Valero Energy Corporation by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares during the last quarter. San Francisco Sentry Investment Group CA increased its holdings in Valero Energy Corporation by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after purchasing an additional 1,386 shares in the last quarter. Independent Portfolio Consultants Inc. increased its holdings in Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares in the last quarter. Finally, First Personal Financial Services increased its holdings in Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares in the last quarter. Institutional investors own 80.81% of the company’s stock.

About Valero Energy Corporation

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.

Analyst Recommendations for Valero Energy Corporation (NYSE:VLO)

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