Other equities research analysts also recently issued reports about the company. StockNews.com upgraded Valero Energy from a buy rating to a strong-buy rating in a report on Monday, September 5th. Piper Sandler decreased their price objective on Valero Energy from $150.00 to $148.00 and set an overweight rating on the stock in a report on Monday, September 12th. Barclays boosted their target price on Valero Energy from $133.00 to $139.00 and gave the company an overweight rating in a research report on Tuesday, August 16th. Wells Fargo & Company upped their price objective on Valero Energy from $136.00 to $166.00 and gave the company an overweight rating in a research report on Tuesday, June 14th. Finally, Redburn Partners downgraded Valero Energy from a buy rating to a neutral rating in a research report on Wednesday, June 1st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $132.92.
Valero Energy Stock Performance
NYSE VLO opened at $107.42 on Tuesday. The firm has a market cap of $42.32 billion, a price-to-earnings ratio of 6.18, a PEG ratio of 0.63 and a beta of 1.68. The company has a fifty day moving average price of $111.57 and a 200-day moving average price of $111.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.25 and a quick ratio of 0.92. Valero Energy has a 1 year low of $62.27 and a 1 year high of $146.80.
Valero Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 4th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $3.92 annualized dividend and a dividend yield of 3.65%. Valero Energy’s dividend payout ratio is presently 22.57%.
Hedge Funds Weigh In On Valero Energy
A number of large investors have recently bought and sold shares of VLO. FMR LLC grew its holdings in shares of Valero Energy by 53.4% during the 2nd quarter. FMR LLC now owns 15,471,401 shares of the oil and gas company’s stock valued at $1,644,300,000 after acquiring an additional 5,384,997 shares in the last quarter. Norges Bank bought a new position in shares of Valero Energy during the 4th quarter worth about $291,233,000. BlackRock Inc. increased its stake in Valero Energy by 4.3% in 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. Vanguard Group Inc. grew its stake in Valero Energy by 3.2% during the first quarter. Vanguard Group Inc. now owns 47,955,666 shares of the oil and gas company’s stock worth $4,869,418,000 after buying an additional 1,499,939 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Valero Energy by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 7,642,838 shares of the oil and gas company’s stock worth $776,055,000 after buying an additional 1,296,547 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.
About Valero Energy
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.
- Get a free copy of the StockNews.com research report on Valero Energy (VLO)
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