The stock of Valero Energy Corporation (NYSE:VLO) last traded at $109.64, down -2.90% from the previous session.
Data from the available sources indicates that Valero Energy Corporation (NYSE:VLO) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $188.00 and a low of $126.00, we find $148.50. Given the previous closing price of $112.91, this indicates a potential upside of 31.52 percent. VLO stock price is now -12.45% away from the 50-day moving average and -11.86% away from the 200-day moving average. The market capitalization of the company currently stands at $39.69B.
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In total, 5 analysts have assigned it a hold rating, and 14 have given it a buy rating. Brokers who have rated the stock have averaged $151.50 as their price target over the next twelve months.
With the price target reduced from $160 to $135, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Valero Energy Corporation (NYSE: VLO)., while ‘UBS’ rates the stock as ‘Buy’.
In other news, Simmons Gary K., EVP & CCO sold 1,750 shares of the company’s stock on Nov 16. The stock was sold for $236,521 at an average price of $135.16. Upon completion of the transaction, the EVP & CCO now directly owns 165,299 shares in the company, valued at $18.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28, COB & CEO Gorder Joseph W sold 37,567 shares of the business’s stock. A total of $4,770,919 was realized by selling the stock at an average price of $127.00. This leaves the insider owning 569,786 shares of the company worth $62.47 million. Insiders disposed of 322,035 shares of company stock worth roughly $35.31 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VLO stock. A new stake in Valero Energy Corporation shares was purchased by HRT FINANCIAL LP during the first quarter worth $112,785,000. RENAISSANCE TECHNOLOGIES LLC invested $39,458,000 in shares of VLO during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Valero Energy Corporation valued at approximately $36,542,000. SIR CAPITAL MANAGEMENT, L.P. acquired a new stake in VLO for approximately $36,009,000. CLARK CAPITAL MANAGEMENT GROUP, INC. purchased a new stake in VLO valued at around $23,849,000 in the second quarter. In total, there are 1,738 active investors with 82.50% ownership of the company’s stock.
With an opening price of $112.87 on Tuesday morning, Valero Energy Corporation (NYSE: VLO) set off the trading day. During the past 12 months, Valero Energy Corporation has had a low of $96.93 and a high of $150.39. As of last week, the company has a debt-to-equity ratio of 0.46, a current ratio of 1.50, and a quick ratio of 1.00. The fifty day moving average price for VLO is $124.62 and a two-hundred day moving average price translates $124.38 for the stock.
The latest earnings results from Valero Energy Corporation (NYSE: VLO) was released for Mar, 2023. The net profit margin was 7.80% and return on equity was 59.70% for VLO. The company reported revenue of $36.44 billion for the quarter, compared to $38.54 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.46 percent.
Moreover, the firm recently paid out its quarterly dividend on 06/22/2023. Investors who held shares on 05/23/2023 were paid a $1.02 dividend. On an annualized basis, this represents a $4.08 dividend and a 3.72% percent yield. There was an ex-dividend date of 05/22/2023 for this dividend. In terms of dividend payout ratio, VLO is presently at 11.20%.
Valero Energy Corporation(VLO) Company Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils. It sells its refined products through wholesale rack and bulk markets; and through approximately outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
