Valero Energy (VLO) Reaches New 12-Month High and Low at $108.66

Valero Energy (NYSE:VLO) reached a new 52-week high and low during trading on Wednesday . The company traded as low as $108.66 and last traded at $107.81, with a volume of 1670224 shares traded. The stock had previously closed at $106.69.

VLO has been the topic of a number of research analyst reports. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Valero Energy in a research report on Wednesday, April 11th. Howard Weil lowered Valero Energy from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, April 11th. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Valero Energy in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of Valero Energy in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. Valero Energy currently has an average rating of “Hold” and an average price target of $95.94.

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The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $46,215.55, a PE ratio of 21.81, a PEG ratio of 1.13 and a beta of 1.02.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. Valero Energy’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period last year, the company earned $0.81 earnings per share. equities analysts expect that Valero Energy will post 7.3 EPS for the current fiscal year.

Valero Energy declared that its board has initiated a share buyback program on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its shares are undervalued.

Several large investors have recently bought and sold shares of VLO. Independence Bank of Kentucky bought a new position in Valero Energy in the fourth quarter valued at approximately $102,000. Parkside Financial Bank & Trust grew its stake in Valero Energy by 211.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 799 shares in the last quarter. SWS Partners bought a new position in Valero Energy in the fourth quarter valued at approximately $127,000. Harvest Fund Management Co. Ltd bought a new position in Valero Energy in the fourth quarter valued at approximately $135,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Valero Energy in the fourth quarter valued at approximately $184,000. Institutional investors and hedge funds own 80.90% of the company’s stock.

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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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