BidaskClub Upgrades Valero Energy Co. (VLO) to “Sell”
Valero Energy Co. (NYSE:VLO) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.
A number of other equities research analysts have also issued reports on the stock. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Morgan Stanley lowered shares of Valero Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $77.00 to $70.00 in a report on Tuesday, May 30th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy in a report on Thursday, May 25th. US Capital Advisors reaffirmed an “overweight” rating on shares of Valero Energy in a report on Monday, May 22nd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $70.02.
Valero Energy (NYSE:VLO) opened at 64.75 on Tuesday. The stock has a market cap of $28.96 billion, a PE ratio of 14.16 and a beta of 1.28. The firm has a 50-day moving average of $64.27 and a 200-day moving average of $65.97. Valero Energy has a 1-year low of $46.88 and a 1-year high of $71.40.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Tuesday, April 25th. The oil and gas company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Valero Energy had a net margin of 1.47% and a return on equity of 6.12%. The business had revenue of $21.77 billion during the quarter, compared to analyst estimates of $19.15 billion. During the same period last year, the firm posted $0.60 EPS. The company’s revenue was up 38.6% on a year-over-year basis. Analysts expect that Valero Energy will post $4.76 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 7th. Shareholders of record on Wednesday, May 17th were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Monday, May 15th. Valero Energy’s payout ratio is 61.54%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tompkins Financial Corp raised its position in Valero Energy by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 1,115 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Valero Energy by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Valero Energy during the third quarter valued at approximately $125,000. Thompson Davis & CO. Inc. purchased a new position in Valero Energy during the first quarter valued at approximately $127,000. Finally, Americafirst Capital Management LLC raised its position in Valero Energy by 47.6% in the first quarter. Americafirst Capital Management LLC now owns 2,181 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 703 shares during the last quarter. 80.58% of the stock is owned by institutional investors.
Valero Energy Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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