Valero Energy Corporation (NYSE:VLO) shares traded 0.07% higher at $129.46 on Wall Street last session.
In accordance with the data, 20 analysts cover Valero Energy Corporation (NYSE:VLO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $171.00 and a low of $113.00, we find $151.00. Given the previous closing price of $129.37, this indicates a potential upside of 16.72 percent. VLO stock price is now 6.24% away from the 50-day moving average and 2.94% away from the 200-day moving average. The market capitalization of the company currently stands at $45.18B.
It has been rated a hold by 4 analysts and a buy by 13. Brokers who have rated the stock have averaged $147.38 as their price target over the next twelve months.
With the price target reduced from $160 to $152, BofA Securities Downgraded its rating from Buy to Neutral for Valero Energy Corporation (NYSE: VLO).
In other news, Gorder Joseph W, Director sold 75,580 shares of the company’s stock on Aug 14. The stock was sold for $10,278,389 at an average price of $135.99. Upon completion of the transaction, the Director now directly owns 621,872 shares in the company, valued at $80.51 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 16, EVP & CCO Simmons Gary K. sold 1,750 shares of the business’s stock. A total of $236,521 was realized by selling the stock at an average price of $135.16. This leaves the insider owning 165,299 shares of the company worth $21.4 million. Insiders disposed of 322,971 shares of company stock worth roughly $41.81 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 MONTRUSCO BOLTON INVESTMENTS INC. during the first quarter worth $244,803,000. HOLOCENE ADVISORS, LP invested $82,795,000 in shares of VLO during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Valero Energy Corporation valued at approximately $82,554,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in VLO for approximately $37,217,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in VLO valued at around $34,049,000 in the second quarter. In total, there are 1,774 active investors with 82.50% ownership of the company’s stock.
Valero Energy Corporation (NYSE: VLO) opened at $128.72 on Thursday. During the past 12 months, Valero Energy Corporation has had a low of $97.73 and a high of $150.39. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.60, and a quick ratio of 1.10. The fifty day moving average price for VLO is $122.19 and a two-hundred day moving average price translates $125.76 for the stock.
The latest earnings results from Valero Energy Corporation (NYSE: VLO) was released for Jun, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $5.4, beating analysts’ expectations of $5.08 by 0.32. This compares to $11.57 EPS in the same period last year. The net profit margin was 6.90% and return on equity was 45.30% for VLO. The company reported revenue of $34.51 billion for the quarter, compared to $51.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.18 percent. For the current quarter, analysts expect VLO to generate $36.94B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/05/2023. Investors who held shares on 08/03/2023 were paid a $1.02 dividend. On an annualized basis, this represents a $4.08 dividend and a 3.15% percent yield. There was an ex-dividend date of 08/02/2023 for this dividend. In terms of dividend payout ratio, VLO is presently at 13.80%.
