Valero Energy (VLO) Downgraded by ValuEngine

ValuEngine downgraded shares of Valero Energy (NYSE:VLO) from a hold rating to a sell rating in a research report released on Wednesday morning.

Several other research analysts also recently commented on the stock. Goldman Sachs Group downgraded shares of Valero Energy from a neutral rating to a sell rating in a research report on Friday, October 19th. Morgan Stanley decreased their target price on shares of Valero Energy from $145.00 to $135.00 and set a buy rating on the stock in a research note on Monday, October 29th. Credit Suisse Group raised shares of Valero Energy from a neutral rating to an outperform rating and decreased their target price for the stock from $135.00 to $120.00 in a research note on Thursday, November 1st. Mizuho set a $110.00 target price on shares of Valero Energy and gave the stock a hold rating in a research note on Wednesday, November 28th. Finally, Citigroup decreased their target price on shares of Valero Energy from $134.00 to $132.00 and set a buy rating on the stock in a research note on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of Hold and an average target price of $117.29.

Shares of VLO opened at $78.47 on Wednesday. Valero Energy has a one year low of $68.81 and a one year high of $126.98. The company has a market cap of $32.79 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.23 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.95 by $0.06. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%. The business had revenue of $30.85 billion during the quarter, compared to the consensus estimate of $31.82 billion. On average, sell-side analysts anticipate that Valero Energy will post 6.16 earnings per share for the current fiscal year.

In other Valero Energy news, Director Randall J. Weisenburger acquired 25,000 shares of Valero Energy stock in a transaction that occurred on Tuesday, December 11th. The shares were bought at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the purchase, the director now directly owns 53,717 shares in the company, valued at approximately $3,907,374.58. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Several institutional investors have recently modified their holdings of VLO. Truvestments Capital LLC bought a new stake in shares of Valero Energy in the third quarter worth $101,000. Honkamp Krueger Financial Services Inc. bought a new stake in shares of Valero Energy in the third quarter worth $135,000. IMS Capital Management bought a new stake in shares of Valero Energy in the third quarter worth $139,000. Reilly Financial Advisors LLC grew its stake in shares of Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Gradient Investments LLC grew its stake in shares of Valero Energy by 68.1% in the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 548 shares during the last quarter. 78.13% of the stock is currently owned by institutional investors.

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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