Shares of Valero Energy Co. (NYSE:VLO) have received a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $104.02.

VLO has been the subject of a number of recent research reports. Goldman Sachs Group upgraded Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $52.00 in a research note on Thursday, June 6th. Royal Bank of Canada set a $179.00 price target on 3M and gave the stock a “hold” rating in a research note on Friday. Morgan Stanley decreased their price target on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating for the company in a research note on Monday, April 15th. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on STMicroelectronics and gave the stock a “buy” rating in a research note on Tuesday, May 14th. Finally, Wells Fargo & Co set a $107.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwest Bancshares Inc. increased its position in Valero Energy by 3.0% in the 1st quarter. Northwest Bancshares Inc. now owns 3,887 shares of the oil and gas company’s stock worth $330,000 after purchasing an additional 115 shares during the last quarter. Valeo Financial Advisors LLC increased its position in Valero Energy by 9.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock worth $117,000 after purchasing an additional 116 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in Valero Energy by 2.3% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,340 shares of the oil and gas company’s stock worth $453,000 after purchasing an additional 120 shares during the last quarter. RDL Financial Inc. increased its position in Valero Energy by 0.6% in the 1st quarter. RDL Financial Inc. now owns 24,114 shares of the oil and gas company’s stock worth $2,046,000 after purchasing an additional 133 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Valero Energy by 2.8% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,929 shares of the oil and gas company’s stock worth $415,000 after purchasing an additional 133 shares during the last quarter. 77.13% of the stock is owned by institutional investors and hedge funds.

Shares of VLO traded up $0.76 during trading on Thursday, reaching $84.79. The company’s stock had a trading volume of 2,526,387 shares, compared to its average volume of 3,589,268. The business’s fifty day moving average price is $82.28. Valero Energy has a twelve month low of $68.81 and a twelve month high of $122.42. The company has a market cap of $34.71 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 1.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.43.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 EPS. On average, analysts anticipate that Valero Energy will post 5.31 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, August 5th. Valero Energy’s dividend payout ratio is 48.85%.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

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Analyst Recommendations for Valero Energy (NYSE:VLO)

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