Shares of Valero Energy Co. (NYSE:VLO) have earned an average rating of “Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $84.07.
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $99.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, June 24th. Zacks Investment Research raised shares of Valero Energy from a “sell” rating to a “hold” rating and set a $69.00 target price for the company in a report on Wednesday, September 8th. Mizuho upped their target price on shares of Valero Energy from $86.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 17th. Morgan Stanley initiated coverage on shares of Valero Energy in a report on Tuesday, September 7th. They issued an “overweight” rating and a $80.00 target price for the company. Finally, Royal Bank of Canada upped their target price on shares of Valero Energy from $91.00 to $92.00 and gave the stock an “outperform” rating in a report on Friday, July 30th.
NYSE VLO traded down $1.48 during mid-day trading on Tuesday, reaching $64.70. The stock had a trading volume of 2,904,015 shares, compared to its average volume of 3,965,411. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 0.93. Valero Energy has a 1 year low of $35.44 and a 1 year high of $84.95. The stock has a market cap of $26.45 billion, a PE ratio of -19.26, a price-to-earnings-growth ratio of 57.32 and a beta of 2.15. The company has a fifty day moving average price of $65.74 and a 200 day moving average price of $73.12.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 2nd. Shareholders of record on Thursday, August 5th were issued a $0.98 dividend. The ex-dividend date of this dividend was Wednesday, August 4th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 6.06%. Valero Energy’s dividend payout ratio is currently -125.64%.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Valero Energy by 0.7% during the second quarter. Vanguard Group Inc. now owns 46,111,060 shares of the oil and gas company’s stock worth $3,600,351,000 after acquiring an additional 314,695 shares during the last quarter. BlackRock Inc. boosted its position in Valero Energy by 5.7% during the second quarter. BlackRock Inc. now owns 37,668,654 shares of the oil and gas company’s stock worth $2,941,168,000 after acquiring an additional 2,035,454 shares during the last quarter. State Street Corp boosted its position in Valero Energy by 2.4% during the second quarter. State Street Corp now owns 28,316,609 shares of the oil and gas company’s stock worth $2,210,961,000 after acquiring an additional 669,078 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Valero Energy by 24.0% during the first quarter. Bank of New York Mellon Corp now owns 8,065,896 shares of the oil and gas company’s stock worth $577,518,000 after acquiring an additional 1,558,584 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Valero Energy by 17.6% during the second quarter. Geode Capital Management LLC now owns 7,044,978 shares of the oil and gas company’s stock worth $548,502,000 after acquiring an additional 1,052,800 shares during the last quarter. 76.92% of the stock is owned by hedge funds and other institutional investors.
Valero Energy Company Profile
Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of refining operations, associated marketing activities, and logistics assets that support its refining operations.
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