Valero Energy (NYSE: VLO) In a research report sent to investors on Tuesday, November 14. The company currently has a target price of $ 84.00 on the shares of the oil and gas company.
Several other badysts also intervened recently on the company. a purchase rating and issued a target price of $ 90.00 in Valero Energy shares in a research note on Friday, November 3. Evercore ISI improved Valero Energy from an online rating to a better performance rating in a research note on Thursday, November 2. Zacks Investment Research downgraded Valero Energy's rating of a purchase qualifying to a retention grade in one Research note on Wednesday, October 25. Macquarie reaffirmed a neutral rating on the shares of Valero Energy in a research report on Monday, October 23. They noted that the measure was a valuation call. Finally, Citig roup increased its price target on Valero Energy from $ 68.00 to $ 76.00 and gave the company a purchase rating on a research report on Wednesday, October 18. A stock research badyst has rated the stock with a sales rating, twelve have given a suspension rating and eleven have granted a purchase rating to the company. The stock has a Hold consensus rating and a consensus price target of $ 79.28.
Valero Energy (VLO) opened at $ 84.17 on Tuesday. Valero Energy has a minimum of twelve months of $ 60.41 and a maximum of twelve months of $ 85.86. The company has a current index of 1.91, a quick ratio of 1.24 and a debt to equity ratio of 0.39. The firm has a market capitalization of $ 37,465.69, a P / E ratio of 18.49, a price-earnings-growth ratio of 1.78 and a beta of 1.20.
Valero Energy (NYSE: VLO) last published its quarterly earnings results on Thursday, October 26. The oil and gas company reported earnings per share of $ 1.91 for the quarter, exceeding the consensus estimate of $ 1.83 for $ 0.08. The company had revenues of $ 23.56 billion for the quarter, compared to the consensus of $ 19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company's quarterly revenues grew 19.9% compared to the same quarter last year. During the same quarter of the previous year, the business registered $ 1.24 EPS. Analysts on the sale side expect Valero Energy to post 4.83 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12. The shareholders registered on Tuesday, November 21 will receive a dividend of $ 0.70 per share. The ex dividend date of this dividend is Monday, November 20. This represents an annualized dividend of $ 2.80 and a dividend yield of 3.33%. Valero Energy's payment ratio is 60.48%.
In related news, Director Philip J. Pfeiffer sold 1,500 shares of the company in a transaction on Tuesday, November 14. The stock was sold at an average price of $ 81.42, for a total value of $ 122,130.00. The sale was revealed in a legal filing with the SEC, which is available through this link. In addition, director Stephen M. Waters sold 656 shares of the company in a transaction on Thursday, September 28. The stock was sold at an average price of $ 75.86, for a total value of $ 49,764.16. The disclosure of this sale can be found here. The insiders have sold a total of 58,268 shares of the company's stock worth $ 4,263,601 in the last three months. Insiders owns 0.45% of the company's shares.
Institutional investors have made changes in their positions in the stock recently. Willingdon Wealth Management purchased a new stake in Valero Energy in the 3rd quarter with a value of $ 100,000. Cable Hill Partners LLC increased its stake in Valero Energy by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company's stock worth $ 101,000 after buying an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Valero Energy by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company worth $ 109,000 after buying 619 additional shares in the last quarter. First Personal Financial Services increased its stake in Valero Energy by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company's shares worth $ 110,000 after buying 196 additional shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its stake in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company worth $ 112,000 after buying 1,386 additional shares in the last quarter. 81.82% of the shares are currently owned by institutional investors.
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About Valero Energy
Valero Energy Corporation (Valero) is an independent producer of petroleum and ethanol refineries.The company's segments include refining, ethanol and Valero Energy Partners LP (VLP) The refining segment includes its refining operations and the badociated marketing activities The ethanol segment includes its ethanol operations and the badociated marketing activities, and the logistics badets that support its ethanol operations.
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