Valero Energy Corp. (VLO) Stock Price Down 1.5%
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.5% during trading on Thursday . The company traded as low as $54.56 and last traded at $54.87, with a volume of 2,954,543 shares traded. The stock had previously closed at $55.70.
Several analysts have issued reports on VLO shares. Vetr upgraded Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $61.78 target price on the stock in a research note on Thursday. Jefferies Group started coverage on Valero Energy Corp. in a research note on Tuesday. They issued a “buy” rating and a $66.00 target price on the stock. Piper Jaffray Cos. boosted their target price on Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a research note on Monday, August 22nd. Barclays PLC restated an “overweight” rating and issued a $73.00 target price on shares of Valero Energy Corp. in a research note on Thursday, July 28th. Finally, Scotiabank restated a “sector outperform” rating and issued a $60.00 target price (down from $61.00) on shares of Valero Energy Corp. in a research note on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $69.69.
The company has a market capitalization of $25.50 billion and a P/E ratio of 8.88. The firm’s 50 day moving average is $52.51 and its 200 day moving average is $56.67.
Valero Energy Corp. (NYSE:VLO) last announced its earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The company earned $19.58 billion during the quarter, compared to the consensus estimate of $16.79 billion. Valero Energy Corp.’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.66 earnings per share. On average, equities analysts predict that Valero Energy Corp. will post $3.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 11th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a yield of 4.34%.
An institutional investor recently raised its position in Valero Energy Corp. stock. Dimensional Fund Advisors LP raised its position in shares of Valero Energy Corp. (NYSE:VLO) by 2.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,925,563 shares of the company’s stock after buying an additional 121,864 shares during the period. Dimensional Fund Advisors LP owned 1.23% of Valero Energy Corp. worth $419,027,000 as of its most recent SEC filing.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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