Shares of Valero Energy Co. (NYSE:VLO – Get Rating) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $103.08.
VLO has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on Valero Energy from $98.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, April 6th. TheStreet raised Valero Energy from a “c” rating to a “b” rating in a report on Thursday, January 27th. Cowen reduced their price objective on Valero Energy from $85.00 to $82.00 and set an “outperform” rating for the company in a report on Tuesday, December 28th. Morgan Stanley lifted their price objective on Valero Energy from $100.00 to $125.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Zacks Investment Research cut Valero Energy from a “strong-buy” rating to a “hold” rating and set a $96.00 price target for the company. in a report on Wednesday, March 16th.
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Valero Energy by 4.3% during the fourth quarter. BlackRock Inc. now owns 37,549,543 shares of the oil and gas company’s stock valued at $2,820,347,000 after acquiring an additional 1,536,457 shares during the period. Geode Capital Management LLC grew its position in Valero Energy by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 7,675,499 shares of the oil and gas company’s stock valued at $575,161,000 after acquiring an additional 428,672 shares during the period. Charles Schwab Investment Management Inc. grew its position in Valero Energy by 4.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,047,994 shares of the oil and gas company’s stock valued at $529,376,000 after acquiring an additional 269,543 shares during the period. Invesco Ltd. boosted its position in shares of Valero Energy by 20.1% in the third quarter. Invesco Ltd. now owns 6,299,649 shares of the oil and gas company’s stock worth $444,565,000 after buying an additional 1,055,201 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Valero Energy by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 5,692,041 shares of the oil and gas company’s stock worth $427,529,000 after buying an additional 311,827 shares during the period. 77.52% of the stock is owned by hedge funds and other institutional investors.
Valero Energy (NYSE:VLO – Get Rating) last posted its quarterly earnings results on Thursday, January 27th. The oil and gas company reported $2.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.68. Valero Energy had a return on equity of 5.30% and a net margin of 0.82%. The firm had revenue of $35.90 billion for the quarter, compared to the consensus estimate of $27.92 billion. During the same period in the previous year, the business earned ($1.06) earnings per share. The company’s revenue for the quarter was up 116.2% compared to the same quarter last year. On average, sell-side analysts predict that Valero Energy will post 8.9 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 3rd. Investors of record on Thursday, February 3rd were paid a $0.98 dividend. The ex-dividend date was Wednesday, February 2nd. This represents a $3.92 annualized dividend and a yield of 3.64%. Valero Energy’s payout ratio is currently 174.22%.
Valero Energy Company Profile (Get Rating)
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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