Valero Energy Corp. (NYSE:VLO) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $49.38 and last traded at $49.69, with a volume of 3,672,175 shares changing hands. The stock had previously closed at $51.43.

VLO has been the topic of a number of recent analyst reports. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Wolfe Research downgraded shares of Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research report on Monday, June 20th. JPMorgan Chase & Co. increased their target price on shares of Valero Energy Corp. from $57.00 to $59.00 and gave the company an “overweight” rating in a research report on Friday, June 10th. Zacks Investment Research downgraded shares of Valero Energy Corp. from a “hold” rating to a “strong sell” rating in a research report on Monday, May 30th. Finally, Tudor Pickering downgraded shares of Valero Energy Corp. from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $73.33.

The company has a market capitalization of $22.86 billion and a PE ratio of 6.75. The company’s 50 day moving average is $53.24 and its 200 day moving average is $60.45.

Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.06. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.25 billion. Valero Energy Corp.’s quarterly revenue was down 26.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.87 earnings per share. On average, equities analysts forecast that Valero Energy Corp. will post $5.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Wednesday, May 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, May 23rd. This represents a $2.40 annualized dividend and a yield of 4.93%.

A number of hedge funds have added to or reduced their stakes in the stock. Jennison Associates LLC raised its stake in Valero Energy Corp. by 147.3% in the fourth quarter. Jennison Associates LLC now owns 14,878 shares of the company’s stock valued at $1,052,000 after buying an additional 8,861 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in Valero Energy Corp. by 6.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 15,780 shares of the company’s stock valued at $1,115,000 after buying an additional 937 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in Valero Energy Corp. by 72.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 16,068 shares of the company’s stock valued at $1,136,000 after buying an additional 6,741 shares during the last quarter. Eaton Vance Management raised its stake in Valero Energy Corp. by 18.8% in the fourth quarter. Eaton Vance Management now owns 17,745 shares of the company’s stock valued at $1,255,000 after buying an additional 2,810 shares during the last quarter. Finally, Ifrah Financial Services Inc. raised its stake in Valero Energy Corp. by 2.1% in the fourth quarter. Ifrah Financial Services Inc. now owns 17,857 shares of the company’s stock valued at $1,263,000 after buying an additional 363 shares during the last quarter.

Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products.

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