Valero Energy Corporation (NYSE:VLO)‘s stock had its “outperform” rating reaffirmed by stock analysts at Wells Fargo & Company in a research note issued on Tuesday, October 17th, The Fly reports. They presently have a $87.00 target price on the oil and gas company’s stock, up from their previous target price of $74.00. Wells Fargo & Company’s price objective indicates a potential upside of 6.63% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, October 16th. Jefferies Group LLC cut Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Barclays PLC restated an “overweight” rating and issued a $86.00 target price (up from $85.00) on shares of Valero Energy Corporation in a report on Tuesday, October 10th. J P Morgan Chase & Co cut Valero Energy Corporation from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $78.00 in a report on Friday, October 6th. Finally, Cowen and Company lifted their target price on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $77.19.
Shares of Valero Energy Corporation (NYSE VLO) traded up $0.71 during mid-day trading on Tuesday, hitting $81.59. The stock had a trading volume of 1,427,862 shares, compared to its average volume of 3,710,000. Valero Energy Corporation has a one year low of $57.57 and a one year high of $82.19. The firm has a market cap of $35,720.00, a PE ratio of 17.47, a PEG ratio of 1.70 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.31 and a debt-to-equity ratio of 0.40.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $1.24 EPS. sell-side analysts predict that Valero Energy Corporation will post 4.77 EPS for the current year.
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In other Valero Energy Corporation news, 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 transaction of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Stephen M. Waters sold 1,600 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 56,768 shares of company stock worth $4,141,471. Corporate insiders own 0.45% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of VLO. Waldron LP raised its holdings in Valero Energy Corporation by 45.7% during the first quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 2,650 shares in the last quarter. Covenant Multifamily Offices LLC raised its holdings in Valero Energy Corporation by 62.2% during the first quarter. Covenant Multifamily Offices LLC now owns 47,904 shares of the oil and gas company’s stock valued at $3,176,000 after buying an additional 18,374 shares in the last quarter. Highstreet Asset Management Inc. increased its stake in shares of Valero Energy Corporation by 22.1% in the first quarter. Highstreet Asset Management Inc. now owns 10,889 shares of the oil and gas company’s stock worth $722,000 after purchasing an additional 1,973 shares during the period. Private Advisor Group LLC increased its stake in shares of Valero Energy Corporation by 9.6% in the first quarter. Private Advisor Group LLC now owns 27,626 shares of the oil and gas company’s stock worth $1,799,000 after purchasing an additional 2,409 shares during the period. Finally, Peapack Gladstone Financial Corp increased its stake in shares of Valero Energy Corporation by 41.9% in the first quarter. Peapack Gladstone Financial Corp now owns 4,829 shares of the oil and gas company’s stock worth $320,000 after purchasing an additional 1,425 shares during the period. Institutional investors own 80.70% of the company’s stock.
Valero Energy Corporation Company Profile
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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