In yesterday’s Wall Street session, Valero Energy Corp. (NYSE:VLO) shares traded at $143.95, up 1.67% from the previous session.
21 analysts cover Valero Energy Corp. (NYSE:VLO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $176.00 and a low of $128.00, we find $154.00. Given the previous closing price of $141.58, this indicates a potential upside of 8.77 percent. VLO stock price is now 7.89% away from the 50-day moving average and 13.79% away from the 200-day moving average. The market capitalization of the company currently stands at $50.83B.
The stock has received a hold rating from 5 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $152.16 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 Corp. (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 $89.52 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 $23.79 million. Insiders disposed of 442,551 shares of company stock worth roughly $63.71 million over the past 1 year. A total of 0.46% 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 Corp. shares was purchased by MONTRUSCO BOLTON INVESTMENTS INC. during the first quarter worth $272,203,000. HOLOCENE ADVISORS, LP invested $92,063,000 in shares of VLO during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Valero Energy Corp. valued at approximately $91,793,000. CINCTIVE CAPITAL MANAGEMENT LP acquired a new stake in VLO for approximately $41,383,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in VLO valued at around $37,860,000 in the second quarter. In total, there are 1,774 active investors with 79.64% ownership of the company’s stock.
During the past 12 months, Valero Energy Corp. has had a low of $99.30 and a high of $152.20. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.59, and a quick ratio of 1.12. The fifty day moving average price for VLO is $134.00 and a two-hundred day moving average price translates $126.64 for the stock.
The latest earnings results from Valero Energy Corp. (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 6.94% and return on equity was 46.57% 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 $37.17B 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 $4.06 dividend and a 2.82% 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 13.52%.
Valero Energy Corp.(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.
