Valero Energy (NYSE:VLO) was downgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “sell” rating in a research note issued to investors on Friday, The Fly reports.

A number of other equities research analysts have also weighed in on the company. Standpoint Research upgraded Valero Energy from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Morgan Stanley boosted their price objective on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 31st. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Tudor Pickering lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, Citigroup boosted their price objective on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $116.18.

Shares of VLO opened at $103.39 on Friday. Valero Energy has a 52-week low of $75.84 and a 52-week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. The firm has a market capitalization of $44.34 billion, a PE ratio of 20.84, a price-to-earnings-growth ratio of 1.78 and a beta of 1.03.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.17. Valero Energy had a return on equity of 12.06% and a net margin of 4.21%. The company had revenue of $31.02 billion for the quarter, compared to analyst estimates of $26.56 billion. During the same quarter last year, the company posted $1.23 EPS. The company’s revenue for the quarter was up 39.4% compared to the same quarter last year. Equities research analysts expect that Valero Energy will post 6.48 earnings per share for the current year.

In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.45% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in VLO. FMR LLC lifted its holdings in Valero Energy by 71.1% during the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock worth $1,821,684,000 after buying an additional 6,831,581 shares during the period. Janus Henderson Group PLC lifted its holdings in Valero Energy by 58.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock worth $194,827,000 after buying an additional 647,321 shares during the period. Natixis lifted its holdings in Valero Energy by 118.4% during the 2nd quarter. Natixis now owns 1,109,729 shares of the oil and gas company’s stock worth $122,991,000 after buying an additional 601,582 shares during the period. Atalanta Sosnoff Capital LLC lifted its holdings in Valero Energy by 3,983.8% during the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 424,710 shares of the oil and gas company’s stock worth $47,071,000 after buying an additional 414,310 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its holdings in Valero Energy by 12,113.4% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 327,198 shares of the oil and gas company’s stock worth $2,995,000 after buying an additional 324,519 shares during the period. 78.31% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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