Analysts at Howard Weil upped their price target on shares of Valero Energy (NYSE: VLO)
VLO has been the subject of a number of other recent research reports. Analysts at UBS AG raised their price target on shares of Valero Energy from $40.00 to $48.00 in a research note to investors on Wednesday. They now have a ?buy? rating on the stock. Separately, analysts at Oppenheimer raised their price target on shares of Valero Energy from $40.00 to $55.00 in a research note to investors on Wednesday. They now have an ?outperform? rating on the stock. Finally, analysts at Dahlman Rose raised their price target on shares of Valero Energy from $42.00 to $55.00 in a research note to investors on Wednesday. They now have a ?buy? rating on the stock. Valero Energy traded down 0.21% on Wednesday, hitting $43.68. Valero Energy has a 1-year low of $20.00 and a 1-year high of $43.83. The stock?s 50-day moving average is currently $35.28. The company has a market cap of $24.179 billion and a price-to-earnings ratio of 21.79.
Valero Energy last posted its quarterly earnings results on Tuesday, January 29th. The company reported $1.88 earnings per share for the quarter, beating the analysts? consensus estimate of $1.16 by $0.72. The company had revenue of $34.70 million for the quarter, compared to the consensus estimate of $31.01 million. During the same quarter last year, the company posted ($0.21) earnings per share. Valero Energy?s revenue was up .1% compared to the same quarter last year. Analysts expect that Valero Energy will post $5.20 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 13th. Shareholders of record on Wednesday, February 13th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Monday, February 11th. This is a positive change from Valero Energy?s previous quarterly dividend of $0.18.
Valero Energy Corporation (Valero) is an independent petroleum refining and marketing company. 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.