Shares of Valero Energy (NYSE:VLO) have been given an average recommendation of “Buy” by the seventeen brokerages that are covering the firm, ARN reports. 5 analysts have rated the company as a strong buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity.
Several equities analysts have recently issued reports on VLO shares.
“We rate VALERO ENERGY CORP (VLO) a BUY”.
Production in the U.S. averaged 9.4 million barrels in the four weeks ending August 14, up almost 11 percent from a year ago, according to data released this week by the Energy Department. Vetr cut Valero Energy from a “strong-buy” rating to a “buy” rating and set a $73.88 price target for the company.in a research report on Monday, August 10th. Finally, Cowen and Company reissued an “outperform” rating on shares of Valero Energy in a research report on Friday, June 19th. Analysts have a consensus target price of $14.75 in the 12-month period.
In related news, Director Stephen M. Waters sold 5,000 shares of the firm’s stock in a transaction on Friday, June 19th. The stock has a 50 day moving average price of $65.96 and a 200-day moving average price of $60.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Valero Energy (NYSE:VLO) opened at 69.47 on Thursday. The company has a market cap of $33,431 million and there are 497,112,000 shares in outstanding. With oil trading at around $40 a barrel, the temporary shutdown of refiners may cause trouble for consumers and oil companies alike. After the session commenced at $67.6, the stock reached the higher end at $68.54 while it hit a low of $67.1. In a statement by the brokerage house, Barclays maintains its outlook on Valero Energy Corporation (NYSE:VLO). In the prior year, the firm paid out $0.85 per share in dividends, or a difference of 23.5294%. The stock has seen a change of of 0.1% for the week. Analysts on the Street are anticipating earnings of $2.25 per share for the quarter.
The firm also recently declared a quarterly dividend, which will be issued on Wednesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, July 31st. The company’s revenue for the quarter was down 28.1% compared to the same quarter a year ago. Valero’s refineries can produce conventional gasoline’s, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending and reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board, a diesel fuel, and low-sulfur and ultra-low-sulfur diesel fuel. In May 2013, CST Brands Inc announced that the Company which includes Corner Store and Depanneur du Coin, spun off from Valero Energy Corporation. The Business operates through two sections. The refining segment includes transport operations in Aruba, Canada, Great Britain, America and Ireland, wholesale advertising, product supply and distribution, and refining operations.