Shares of Valero Energy Co. (NYSE:VLO) have been given an average rating of “Buy” by the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $100.03.

Several analysts recently issued reports on VLO shares. ValuEngine downgraded Valero Energy from a “sell” rating to a “strong sell” rating in a report on Friday, November 8th. Morgan Stanley increased their price target on Valero Energy from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Tuesday, October 22nd. Royal Bank of Canada set a $99.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. Finally, Goldman Sachs Group set a $104.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th.

NYSE VLO traded up $0.11 during trading hours on Wednesday, hitting $95.60. The company had a trading volume of 3,165,622 shares, compared to its average volume of 3,436,595. Valero Energy has a fifty-two week low of $68.81 and a fifty-two week high of $101.99. The company has a market capitalization of $39.21 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 2.47 and a beta of 1.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.88. The firm’s 50 day moving average is $96.67 and its 200 day moving average is $84.38.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.13. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The firm had revenue of $27.25 billion during the quarter, compared to the consensus estimate of $25.93 billion. During the same period in the prior year, the firm earned $2.01 EPS. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Valero Energy will post 4.83 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 19th. This represents a $3.60 annualized dividend and a dividend yield of 3.77%. Valero Energy’s dividend payout ratio is presently 48.85%.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Valero Energy by 2.7% in the second quarter. BlackRock Inc. now owns 34,645,065 shares of the oil and gas company’s stock worth $2,965,964,000 after purchasing an additional 896,211 shares in the last quarter. Vanguard Group Inc. grew its stake in Valero Energy by 0.3% in the second quarter. Vanguard Group Inc. now owns 34,131,975 shares of the oil and gas company’s stock worth $2,922,038,000 after purchasing an additional 116,878 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Valero Energy by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 9,172,100 shares of the oil and gas company’s stock worth $785,223,000 after purchasing an additional 515,534 shares in the last quarter. Boston Partners grew its stake in Valero Energy by 26.0% in the third quarter. Boston Partners now owns 7,169,172 shares of the oil and gas company’s stock worth $611,881,000 after purchasing an additional 1,479,616 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in Valero Energy by 2.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,018,386 shares of the oil and gas company’s stock worth $515,234,000 after purchasing an additional 121,909 shares in the last quarter. Institutional investors own 75.39% of the company’s stock.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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