Valero Energy Co. (NYSE:VLO) has earned a consensus rating of “Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $112.75.

Several research analysts have commented on the stock. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, February 21st. Raymond James lowered their price target on shares of Valero Energy from $105.00 to $100.00 and set an “outperform” rating for the company in a report on Monday, December 31st. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a report on Monday, March 25th. Wolfe Research upgraded shares of Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. Finally, ValuEngine cut shares of Valero Energy from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th.

In related news, Director Stephen M. Waters bought 500 shares of the stock in a transaction dated Wednesday, February 20th. The stock was acquired at an average price of $84.97 per share, for a total transaction of $42,485.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.38% of the company’s stock.

Several institutional investors have recently modified their holdings of VLO. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of Valero Energy by 265.9% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 122,614 shares of the oil and gas company’s stock valued at $13,947,000 after buying an additional 89,107 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Valero Energy in the 3rd quarter valued at $8,382,000. HBK Sorce Advisory LLC purchased a new stake in Valero Energy in the 3rd quarter valued at $228,000. Mackenzie Financial Corp raised its position in Valero Energy by 6.2% in the 3rd quarter. Mackenzie Financial Corp now owns 435,697 shares of the oil and gas company’s stock valued at $49,561,000 after purchasing an additional 25,328 shares during the last quarter. Finally, HRT Financial LLC purchased a new stake in Valero Energy in the 3rd quarter valued at $598,000. Institutional investors and hedge funds own 79.22% of the company’s stock.

NYSE VLO traded down $0.87 on Tuesday, hitting $90.28. 3,784,011 shares of the stock were exchanged, compared to its average volume of 3,702,627. The company has a quick ratio of 1.04, a current ratio of 1.65 and a debt-to-equity ratio of 0.39. Valero Energy has a fifty-two week low of $68.81 and a fifty-two week high of $126.98. The stock has a market capitalization of $37.87 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.63 and a beta of 1.17.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the consensus estimate of $1.03 by $1.09. Valero Energy had a net margin of 2.67% and a return on equity of 13.63%. The company had revenue of $28.73 billion during the quarter, compared to analysts’ expectations of $23.26 billion. On average, equities research analysts expect that Valero Energy will post 6.75 earnings per share for the current fiscal year.

About Valero Energy

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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Analyst Recommendations for Valero Energy (NYSE:VLO)

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