Valero Energy (VLO) Upgraded to “Buy” at ValuEngine

Valero Energy (NYSE:VLO) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Sunday.

VLO has been the subject of a number of other research reports. JPMorgan Chase & Co. cut Valero Energy from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $78.00 in a research note on Friday, October 6th. Cowen lifted their price objective on Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Barclays lifted their price objective on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. UBS Group reiterated a “neutral” rating and set a $80.00 price objective (up previously from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $87.00 price objective (up previously from $74.00) on shares of Valero Energy in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company’s stock. Valero Energy has a consensus rating of “Hold” and a consensus price target of $79.76.

Valero Energy (NYSE VLO) traded down $0.39 on Friday, hitting $91.91. The stock had a trading volume of 2,330,500 shares, compared to its average volume of 3,190,000. The stock has a market cap of $40,770.00, a PE ratio of 19.94, a PEG ratio of 1.87 and a beta of 1.20. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. Valero Energy has a 52 week low of $60.69 and a 52 week high of $93.18.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.24 earnings per share. sell-side analysts predict that Valero Energy will post 5 EPS for the current fiscal year.

In related news, Director Stephen M. Waters sold 1,000 shares of Valero Energy stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total value of $87,230.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the sale, the chief financial officer now directly owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. In the last three months, insiders sold 49,757 shares of company stock valued at $4,394,916. Corporate insiders own 0.45% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Wealth Planning LLC grew its holdings in shares of Valero Energy by 1.1% in the second quarter. Capital Wealth Planning LLC now owns 4,045 shares of the oil and gas company’s stock worth $273,000 after acquiring an additional 45 shares during the period. AMG Funds LLC grew its holdings in shares of Valero Energy by 0.4% in the second quarter. AMG Funds LLC now owns 26,824 shares of the oil and gas company’s stock worth $1,810,000 after acquiring an additional 110 shares during the period. Optimum Investment Advisors grew its holdings in shares of Valero Energy by 1.1% in the second quarter. Optimum Investment Advisors now owns 14,352 shares of the oil and gas company’s stock worth $968,000 after acquiring an additional 152 shares during the period. ETRADE Capital Management LLC grew its holdings in shares of Valero Energy by 1.8% in the second quarter. ETRADE Capital Management LLC now owns 10,407 shares of the oil and gas company’s stock worth $702,000 after acquiring an additional 184 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Valero Energy by 6.2% in the second quarter. Cetera Investment Advisers now owns 4,525 shares of the oil and gas company’s stock worth $304,000 after acquiring an additional 265 shares during the period. 81.31% of the stock is owned by institutional investors.

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Valero Energy Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

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