Valero Energy Co. (VLO) Given Consensus Recommendation of “Hold” by Brokerages

Valero Energy Co. (NYSE:VLO) has been given an average rating of “Hold” by the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, eight 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 covered the stock in the last year is $119.57.

Several analysts have recently issued reports on VLO shares. Goldman Sachs Group downgraded Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. ValuEngine downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Morgan Stanley decreased their price target on Valero Energy from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Monday, October 29th. Citigroup upped their price target on Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. Finally, Credit Suisse Group upgraded Valero Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $135.00 to $120.00 in a research note on Thursday, November 1st.

Shares of VLO traded down $2.17 during trading hours on Friday, hitting $77.03. 2,105,204 shares of the company were exchanged, compared to its average volume of 4,375,533. The company has a market cap of $33.61 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15. Valero Energy has a 52 week low of $77.00 and a 52 week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.99 and a current ratio of 1.59.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.06. The company had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%. On average, research analysts predict that Valero Energy will post 6.3 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 19th. This represents a $3.20 annualized dividend and a dividend yield of 4.15%. Valero Energy’s dividend payout ratio is presently 64.52%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB raised its holdings in Valero Energy by 11.7% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 55,345 shares of the oil and gas company’s stock valued at $6,134,000 after acquiring an additional 5,781 shares in the last quarter. Calamos Advisors LLC raised its holdings in Valero Energy by 12.7% in the 2nd quarter. Calamos Advisors LLC now owns 65,384 shares of the oil and gas company’s stock valued at $7,247,000 after acquiring an additional 7,354 shares in the last quarter. Westpac Banking Corp raised its holdings in Valero Energy by 41.8% in the 2nd quarter. Westpac Banking Corp now owns 55,983 shares of the oil and gas company’s stock valued at $6,205,000 after acquiring an additional 16,500 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Valero Energy by 14.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 176,485 shares of the oil and gas company’s stock valued at $19,553,000 after acquiring an additional 21,670 shares in the last quarter. Finally, Fred Alger Management Inc. raised its holdings in Valero Energy by 5,368.0% in the 2nd quarter. Fred Alger Management Inc. now owns 8,038 shares of the oil and gas company’s stock valued at $891,000 after acquiring an additional 7,891 shares in the last quarter. 77.72% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Valero Energy (NYSE:VLO)

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