Valero Energy Corp. (VLO) Shares Down 1.5%
Valero Energy Corp. (NYSE:VLO)’s share price fell 1.5% during mid-day 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 trading hands. The stock had previously closed at $55.70.
A number of research firms have issued reports on VLO. Vetr downgraded Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 price target for the company. in a research note on Tuesday, July 26th. Goldman Sachs Group Inc. reiterated a “top pick” rating on shares of Valero Energy Corp. in a research note on Thursday, June 30th. Wells Fargo & Co. reiterated a “buy” rating on shares of Valero Energy Corp. in a research note on Saturday, July 9th. Wolfe Research downgraded Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. Finally, Tudor Pickering downgraded Valero Energy Corp. from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Valero Energy Corp. has an average rating of “Buy” and an average target price of $69.64.
The stock has a market cap of $25.38 billion and a PE ratio of 8.84. The firm has a 50-day moving average of $52.11 and a 200-day moving average of $56.68.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The firm had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. During the same quarter in the previous year, the company earned $2.66 EPS. The company’s quarterly revenue was down 22.0% compared to the same quarter last year. Equities analysts expect that Valero Energy Corp. will post $3.30 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Tuesday, August 9th.
Several large investors have recently bought and sold shares of VLO. Jennison Associates LLC boosted 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 worth $1,052,000 after buying an additional 8,861 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Valero Energy Corp. by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,925,563 shares of the company’s stock valued at $419,027,000 after buying an additional 121,864 shares in the last quarter. Finally, Eaton Vance Management boosted its stake in shares of 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 in the last quarter.
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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