ValuEngine Upgrades Valero Energy (NYSE:VLO) to “Hold”

ValuEngine upgraded shares of Valero Energy (NYSE:VLO) from a sell rating to a hold rating in a research note published on Wednesday, June 26th, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Wolfe Research started coverage on shares of National Energy Services Reunited in a research report on Friday, March 8th. They issued an outperform rating for the company. Goldman Sachs Group upgraded shares of Exelon from a neutral rating to a buy rating and increased their target price for the company from $48.00 to $52.00 in a research report on Thursday, June 6th. Credit Suisse Group set a $155.00 target price on shares of Allergan and gave the company a hold rating in a research report on Monday, March 25th. JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on shares of STMicroelectronics and gave the company a buy rating in a report on Tuesday, May 14th. Finally, Morgan Stanley dropped their price objective on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating for the company in a report on Monday, April 15th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $109.02.

Shares of VLO stock traded up $0.11 during trading hours on Wednesday, hitting $83.35. The company’s stock had a trading volume of 1,879,084 shares, compared to its average volume of 3,625,185. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.92 and a current ratio of 1.43. The stock has a 50 day simple moving average of $79.39. Valero Energy has a 12-month low of $68.81 and a 12-month high of $122.42. The stock has a market cap of $35.14 billion, a PE ratio of 11.31, a PEG ratio of 1.84 and a beta of 1.47.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.14. The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.38 billion. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The business’s revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.00 EPS. Research analysts expect that Valero Energy will post 5.73 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of VLO. Thrivent Financial for Lutherans raised its stake in shares of Valero Energy by 1.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock worth $1,412,000 after buying an additional 332 shares during the last quarter. First Mercantile Trust Co. raised its stake in shares of Valero Energy by 615.9% during the 1st quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after buying an additional 4,804 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Valero Energy in the 1st quarter valued at about $2,706,000. First National Trust Co raised its stake in Valero Energy by 4.4% in the 1st quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock valued at $9,093,000 after purchasing an additional 4,492 shares during the last quarter. Finally, Westchester Capital Management Inc. raised its stake in Valero Energy by 1.7% in the 1st quarter. Westchester Capital Management Inc. now owns 93,185 shares of the oil and gas company’s stock valued at $7,905,000 after purchasing an additional 1,515 shares during the last quarter. Institutional investors own 76.97% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

Recommended Story: Return on Investment (ROI) Defined, Explained

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

Analyst Recommendations for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.