Valero Energy Corp. (NYSE:VLO) has been given an average recommendation of “Buy” by the twenty-five brokerages that are presently covering the stock. Nine analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $69.57.
Several research analysts recently commented on VLO shares. Wolfe Research downgraded shares of Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a research note on Thursday, June 30th. Zacks Investment Research raised shares of Valero Energy Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a research note on Saturday, July 9th. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and issued a $62.00 target price on shares of Valero Energy Corp. in a research note on Thursday, July 14th.
Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can acquired a new position in shares of Valero Energy Corp. during the second quarter valued at $176,332,000. Old Mutual Global Investors UK Ltd. boosted its position in shares of Valero Energy Corp. by 1,858.4% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,810,144 shares of the company’s stock valued at $92,317,000 after buying an additional 1,717,712 shares during the period. Janus Capital Management LLC boosted its position in shares of Valero Energy Corp. by 43.1% in the second quarter. Janus Capital Management LLC now owns 3,693,374 shares of the company’s stock valued at $188,363,000 after buying an additional 1,111,518 shares during the period. Emerald Acquisition Ltd. acquired a new position in shares of Valero Energy Corp. during the second quarter valued at $55,991,000. Finally, Kleinwort Benson Investors Dublin Ltd acquired a new position in shares of Valero Energy Corp. during the second quarter valued at $53,631,000. Institutional investors and hedge funds own 78.49% of the company’s stock.
Valero Energy Corp. (NYSE:VLO) opened at 53.79 on Tuesday. The firm has a 50 day moving average of $54.91 and a 200-day moving average of $55.10. Valero Energy Corp. has a 1-year low of $46.88 and a 1-year high of $73.88. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 8.64 and a beta of 1.87.
Valero Energy Corp. (NYSE:VLO) last issued its earnings results on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same period in the previous year, the firm earned $2.66 earnings per share. The firm’s revenue for the quarter was down 22.0% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.
About Valero Energy Corp.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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