Valero Energy Co. (NYSE:VLO) Receives $155.07 Average Price Target from Brokerages

Valero Energy Co. (NYSE:VLO) has been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $155.07.

VLO has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Mizuho reduced their price objective on Valero Energy from $171.00 to $165.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Bank of America started coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. Finally, TD Cowen lowered their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Valero Energy Stock Up 0.2 %

VLO opened at $118.84 on Friday. The business’s fifty day simple moving average is $133.91 and its 200 day simple moving average is $141.78. Valero Energy has a 52 week low of $116.84 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The stock has a market cap of $37.62 billion, a PE ratio of 10.66, a P/E/G ratio of 2.43 and a beta of 1.40.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $7.49 EPS. As a group, research analysts expect that Valero Energy will post 8.86 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio is currently 38.39%.

Institutional Trading of Valero Energy

Several large investors have recently bought and sold shares of the company. International Private Wealth Advisors LLC lifted its stake in shares of Valero Energy by 3.4% in the 2nd quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the period. OmniStar Financial Group Inc. boosted its holdings in shares of Valero Energy by 1.6% during the 2nd quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares in the last quarter. Everhart Financial Group Inc. grew its position in shares of Valero Energy by 5.5% in the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the period. St. Johns Investment Management Company LLC increased its stake in shares of Valero Energy by 1.4% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after acquiring an additional 72 shares in the last quarter. Finally, Magnus Financial Group LLC lifted its position in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 73 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.