Piper Sandler reissued their overweight rating on shares of Valero Energy (NYSE:VLO – Free Report) in a research note issued to investors on Thursday,Benzinga reports. They currently have a $329.00 price target on the oil and gas company’s stock.
Several other research firms have also weighed in on VLO. BMO Capital Markets raised their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Weiss Ratings downgraded Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Wells Fargo & Company increased their price target on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Citigroup raised their price target on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, Scotiabank lifted their price objective on Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $266.71.
Check Out Our Latest Analysis on VLO
Valero Energy Trading Down 0.9%
Valero Energy (NYSE:VLO – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. Research analysts expect that Valero Energy will post 36.46 earnings per share for the current fiscal year.
Valero Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.6%. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.
Insiders Place Their Bets
In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.36% of the stock is owned by company insiders.
Institutional Investors Weigh In On Valero Energy
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in shares of Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 102 shares during the period. JPL Wealth Management LLC acquired a new stake in Valero Energy in the third quarter worth about $27,000. Financial Life Planners acquired a new stake in Valero Energy in the first quarter worth about $28,000. Valued Wealth Advisors LLC raised its holdings in Valero Energy by 134.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Valero Energy during the 4th quarter worth about $30,000. 78.69% of the stock is owned by institutional investors and hedge funds.
Valero Energy News Summary
Here are the key news stories impacting Valero Energy this week:
- Positive Sentiment: Goldman Sachs raised its price target on Valero Energy to $357 from a prior level, reinforcing a bullish view and suggesting additional upside from current levels. The Goldman Sachs Group Increases Valero Energy (NYSE:VLO) Price Target to $357.00
- Positive Sentiment: Piper Sandler reaffirmed its overweight rating and set a $329 price target, signaling continued confidence in Valero’s refining business and valuation. Valero Energy had its “overweight” rating reaffirmed by Piper Sandler
- Positive Sentiment: Valero’s board affirmed its regular quarterly dividend of $1.20 per share, which supports the stock’s appeal for income-focused investors and may be contributing to recent momentum. Valero Energy (VLO) Eyes Earnings And Crude Supply Shifts, Is The Stock Fully Priced?
- Positive Sentiment: Zacks highlighted Valero as a strong momentum stock, reflecting technical strength that can attract traders and trend-following investors. Here’s Why Valero Energy (VLO) is a Strong Momentum Stock
- Neutral Sentiment: Analysts expect Valero’s earnings to grow when it reports next week, but Zacks also said the setup does not look especially favorable for an earnings beat, creating a mixed near-term outlook. Valero Energy (VLO) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: Valero was noted to be attracting unusually high investor attention on Zacks, which indicates rising interest but does not by itself change the fundamentals. Valero Energy Corporation (VLO) is Attracting Investor Attention: Here is What You Should Know
- Negative Sentiment: One report said Valero underperformed peers on Thursday, suggesting some short-term profit-taking or relative weakness versus other refiners. Valero Energy Corp. stock underperforms Thursday when compared to competitors
Valero Energy Company Profile
Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.
In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.
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