Valero Energy (VLO) Rating Lowered to Hold at ValuEngine

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Valero Energy (NYSE:VLO) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other brokerages also recently issued reports on VLO. Credit Suisse Group increased their price objective on shares of Valero Energy from $118.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, June 4th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Wells Fargo & Co increased their price objective on shares of Valero Energy from $122.00 to $146.00 and gave the stock a “positive” rating in a research note on Tuesday, May 29th. Morgan Stanley increased their price objective on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Finally, Mizuho began coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $115.41.

Shares of Valero Energy stock opened at $116.91 on Tuesday. The stock has a market cap of $50.38 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.97 and a beta of 0.99. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67. Valero Energy has a 12-month low of $67.71 and a 12-month high of $126.98.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.98 by $0.17. The firm had revenue of $31.02 billion for the quarter, compared to the consensus estimate of $26.56 billion. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The business’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. analysts predict that Valero Energy will post 6.63 EPS for the current fiscal year.

In other news, Director Stephen M. Waters sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.41% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VLO. FMR LLC raised its holdings in Valero Energy by 71.1% in the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after buying an additional 6,831,581 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Valero Energy by 58.3% in the 2nd quarter. Janus Henderson Group PLC now owns 1,757,883 shares of the oil and gas company’s stock valued at $194,827,000 after buying an additional 647,321 shares during the last quarter. Natixis raised its holdings in Valero Energy by 118.4% in the 2nd quarter. Natixis now owns 1,109,729 shares of the oil and gas company’s stock valued at $122,991,000 after buying an additional 601,582 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Valero Energy by 70.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 1,020,560 shares of the oil and gas company’s stock valued at $94,679,000 after buying an additional 421,540 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its holdings in Valero Energy by 3,983.8% in the 2nd quarter. Atalanta Sosnoff Capital LLC now owns 424,710 shares of the oil and gas company’s stock valued at $47,071,000 after buying an additional 414,310 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Valero Energy Company Profile

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.

Read More: Understanding Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Valero Energy (NYSE:VLO)

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