Shares of Valero Energy Co. (NYSE:VLO) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $91.13.
VLO has been the topic of several research reports. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen reissued a “buy” rating and set a $100.00 price objective on shares of Valero Energy in a research note on Thursday, February 1st. UBS Group boosted their price objective on shares of Valero Energy from $80.00 to $83.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price objective on shares of Valero Energy in a research note on Tuesday, January 30th. Finally, Macquarie reiterated a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call.
In other news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $87.23, for a total transaction of $87,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the sale, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at $5,120,237.99. The disclosure for this sale can be found here. Insiders have sold 298,187 shares of company stock valued at $27,611,828 over the last three months. 0.45% of the stock is owned by corporate insiders.
Shares of Valero Energy (NYSE:VLO) traded up $0.27 on Wednesday, hitting $93.27. 2,538,800 shares of the stock were exchanged, compared to its average volume of 3,598,673. The company has a market cap of $40,810.00, a price-to-earnings ratio of 20.23, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy has a 52-week low of $60.69 and a 52-week high of $99.95.
Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. The firm had revenue of $26.39 billion for the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a net margin of 4.33% and a return on equity of 10.55%. The company’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. sell-side analysts expect that Valero Energy will post 7.13 earnings per share for the current fiscal year.
Valero Energy declared that its board has authorized a stock repurchase plan on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 3.43%. This is a boost from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date is Monday, February 12th. Valero Energy’s payout ratio is presently 69.41%.
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About Valero Energy
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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