In yesterday’s Wall Street session, Valero Energy Corp. (NYSE:VLO) shares traded at $128.96, up 0.96% from the previous session.
As of this writing, 22 analysts cover Valero Energy Corp. (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 $130.00, we find $151.50. Given the previous closing price of $127.73, this indicates a potential upside of 18.61 percent. VLO stock price is now -4.19% away from the 50-day moving average and 1.32% away from the 200-day moving average. The market capitalization of the company currently stands at $43.90B.
There are 7 analysts who have given it a hold rating, whereas 12 have given it a buy rating. Brokers who have rated the stock have averaged $150.13 as their price target over the next twelve months.
With the price target reduced from $150 to $130, Tudor Pickering Holt & Co. Downgraded its rating from Buy to Hold 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 $80.2 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 $21.32 million. Insiders disposed of 403,136 shares of company stock worth roughly $51.99 million over the past 1 year. A total of 0.47% of the company’s stock is owned by insiders.
Thursday morning saw Valero Energy Corp. (NYSE: VLO) opened at $127.93. During the past 12 months, Valero Energy Corp. has had a low of $104.18 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 1.51, and a quick ratio of 1.08. The fifty day moving average price for VLO is $134.59 and a two-hundred day moving average price translates $127.25 for the stock.
The latest earnings results from Valero Energy Corp. (NYSE: VLO) was released for Sep, 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 $7.19 EPS in the same period last year. The net profit margin was 7.09% and return on equity was 44.73% for VLO. The company reported revenue of $38.4 billion for the quarter, compared to $44.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.61 percent. For the current quarter, analysts expect VLO to generate $38.46B in revenue.
