Valero Energy Corporation (NYSE:VLO) was downgraded by Jefferies Group LLC from a “buy” rating to a “hold” rating in a research report issued on Monday.
A number of other equities analysts have also issued reports on the company. Barclays PLC reaffirmed an “overweight” rating and issued a $86.00 target price (up from $85.00) on shares of Valero Energy Corporation in a research report on Tuesday, October 10th. J P Morgan Chase & Co downgraded Valero Energy Corporation from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $78.00 in a report on Friday, October 6th. Cowen and Company boosted their price target on Valero Energy Corporation from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. UBS AG reiterated a “neutral” rating and issued a $80.00 price target (up from $69.00) on shares of Valero Energy Corporation in a report on Wednesday, September 27th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy Corporation in a report on Wednesday, September 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $75.97.
Valero Energy Corporation (NYSE VLO) opened at 77.62 on Monday. The firm has a 50-day moving average of $73.20 and a 200 day moving average of $67.63. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 19.16 and a beta of 1.21. Valero Energy Corporation has a 52 week low of $53.60 and a 52 week high of $78.64.
Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the prior year, the company posted $1.07 EPS. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts anticipate that Valero Energy Corporation will post $4.52 EPS for the current year.
In related news, Director Stephen M. Waters sold 656 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction on 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. Over the last 90 days, insiders have sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of VLO. Independent Portfolio Consultants Inc. boosted its position in Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the period. First Personal Financial Services boosted its position in Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the period. Guardian Life Insurance Co. of America boosted its position in Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares during the period. Ffcm LLC boosted its position in Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the period. Finally, Manchester Capital Management LLC boosted its position in Valero Energy Corporation by 16.9% during the 2nd quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 80.63% 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.
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