Valero Energy (NYSE:VLO) reached a new 52-week high and low on Tuesday . The company traded as low as $122.68 and last traded at $121.97, with a volume of 126587 shares trading hands. The stock had previously closed at $121.60.
A number of equities research analysts recently weighed in on the stock. Argus raised their price target on shares of Valero Energy to $130.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “buy” rating in a report on Friday. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Valero Energy in a report on Wednesday, April 11th. Howard Weil lowered shares of Valero Energy from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, April 11th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and set a $105.00 price target (up from $99.00) on shares of Valero Energy in a report on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and twelve have given a buy rating to the stock. Valero Energy has a consensus rating of “Hold” and an average price target of $104.18.
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The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.09 and a current ratio of 1.70. The stock has a market capitalization of $51.96 billion, a PE ratio of 24.23, a PEG ratio of 1.85 and a beta of 1.02.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 26th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.07. Valero Energy had a net margin of 4.29% and a return on equity of 10.61%. The company had revenue of $264.90 million for the quarter, compared to the consensus estimate of $23.35 billion. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was down 98.8% on a year-over-year basis. sell-side analysts forecast that Valero Energy will post 7.23 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 5th. Stockholders of record on Thursday, May 17th will be given a $0.80 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.66%. Valero Energy’s payout ratio is currently 64.52%.
Valero Energy declared that its board has initiated a share buyback program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky bought a new position in shares of Valero Energy in the 4th quarter worth about $102,000. KHP Capital LLC acquired a new stake in shares of Valero Energy in the 1st quarter worth about $104,000. Parkside Financial Bank & Trust increased its holdings in shares of Valero Energy by 211.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after acquiring an additional 799 shares during the period. SWS Partners acquired a new stake in shares of Valero Energy in the 4th quarter worth about $127,000. Finally, W.G. Shaheen & Associates DBA Whitney & Co acquired a new stake in shares of Valero Energy in the 1st quarter worth about $135,000. Institutional investors own 77.79% of the company’s stock.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.