Valero Energy (NYSE:VLO) Shares Up 5.9% – What’s Next?

Valero Energy Co. (NYSE:VLO) shares rose 5.9% on Monday . The stock traded as high as $134.70 and last traded at $134.70. Approximately 1,160,939 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 2,148,590 shares. The stock had previously closed at $127.15.

Wall Street Analyst Weigh In

VLO has been the subject of a number of recent analyst reports. TD Cowen decreased their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Citigroup dropped their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Piper Sandler cut shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $169.00 to $123.00 in a report on Friday, September 20th. BMO Capital Markets dropped their price objective on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Finally, Wells Fargo & Company decreased their target price on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Valero Energy has an average rating of “Moderate Buy” and an average price target of $154.57.

Valero Energy Trading Up 4.8 %

The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $42.19 billion, a P/E ratio of 11.95, a price-to-earnings-growth ratio of 2.43 and a beta of 1.42. The business’s fifty day simple moving average is $130.99 and its 200 day simple moving average is $138.89.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same quarter last year, the business posted $7.49 earnings per share. Valero Energy’s revenue for the quarter was down 14.4% compared to the same quarter last year. As a group, analysts expect that Valero Energy Co. will post 8.86 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Wednesday, November 20th were issued a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.21%. The ex-dividend date was Wednesday, November 20th. Valero Energy’s dividend payout ratio is 38.39%.

Institutional Investors Weigh In On Valero Energy

Institutional investors and hedge funds have recently modified their holdings of the business. Peterson Financial Group Inc. acquired a new stake in Valero Energy during the 3rd quarter worth $28,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy during the third quarter worth $34,000. True Wealth Design LLC increased its holdings in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 183 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Valero Energy in the third quarter valued at about $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Valero Energy during the 3rd quarter worth about $50,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.