Valero Energy Corp. (VLO) Trading Down 1.9%
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.9% during trading on Thursday . The company traded as low as $53.87 and last traded at $54.32, with a volume of 2,681,890 shares. The stock had previously closed at $55.35.
A number of equities analysts have recently weighed in on the company. Vetr raised Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 price target for the company in a report on Wednesday. Jefferies Group assumed coverage on Valero Energy Corp. in a report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 price target for the company. Piper Jaffray Cos. boosted their price target on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Barclays PLC reissued an “overweight” rating and issued a $73.00 price target on shares of Valero Energy Corp. in a report on Thursday, July 28th. Finally, Scotiabank reissued a “sector outperform” rating and issued a $60.00 price target (down from $61.00) on shares of Valero Energy Corp. in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $69.76.
The firm has a market capitalization of $25.05 billion and a PE ratio of 8.72. The company’s 50-day moving average price is $53.10 and its 200 day moving average price is $56.67.
Valero Energy Corp. (NYSE:VLO) last issued its earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business earned $19.58 billion during the quarter, compared to analyst estimates of $16.79 billion. The business’s quarterly revenue was down 22.0% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. On average, analysts forecast that Valero Energy Corp. will post $3.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.40 annualized dividend and a dividend yield of 4.42%.
A hedge fund recently raised its stake in Valero Energy Corp. stock. Jennison Associates LLC boosted its stake in Valero Energy Corp. (NYSE:VLO) by 147.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,878 shares of the company’s stock after buying an additional 8,861 shares during the period. Jennison Associates LLC’s holdings in Valero Energy Corp. were worth $1,052,000 at the end of the most recent reporting period.
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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