Published: Mon, February 06, 2017
Economy | By Melissa Porter

The Valero Energy Corporation (VLO) Downgraded by Jefferies Group to "Hold"

The Valero Energy Corporation (VLO) Downgraded by Jefferies Group to

Valero Energy Corporation (NYSE:VLO) belonging to the Oils-Energy sector has surged 0.08% and closed its last trading session at $65.42. Barclays PLC decreased their price target on shares of Valero Energy Corporation from $95.00 to $85.00 and set an "overweight" rating for the company in a research report on Wednesday.

A number of other hedge funds and other institutional investors have also modified their holdings of the company.

Insider Trades for Valero Energy Corporation show that the latest trade was made on 25 Jan 2017 where Browning (Jay D), the General Counsel completed a transaction type "Buy" in which 5586 shares were traded at a price of $0.

Over the last twelve months Valero Energy Corporation's share price has increased from 58.49 to 65.42, changing by 11.85%. Oakworth Capital Inc. boosted its position in shares of Valero Energy Corporation by 3.3% in the third quarter. Finally, Morgan Stanley downgraded shares of Valero Energy Corporation to a hold rating in a report on Sunday, January 8th. The Stock had a 1.63 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.75 and 1.75 respectively. These analysts have also projected a Low Estimate of $0.51/share and a High Estimate of $1.32/share.

Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 2.40 as compared to its debt to equity ratio stands at 2.65. Current price level places the company's stock about -8.38% from the 52-week high and 42.43% away from the 52-week low. The market capitalization arrived at market cap 13.81 billion.

The 50 day moving average of Valero Energy Corporation (NYSE:VLO) is 67.39 whilst its 200 day moving average is 59.5.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Tuesday, October 25th. The company beat the analyst EPS Estimate with the difference of $0.04. Valero Energy Corporation had a return on equity of 8.08% and a net margin of 3.03%. The 1 year EPS growth rate is 16.70%.

For this year, ConocoPhillips (NYSE:COP) is performing -2.89%. Year to Date performance value (YTD perf) value is -4.24%.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 10th. This represents a $2.80 dividend on an annualized basis and a yield of 4.28%. Institutional investors own 78.55% of the company's stock.

Many analysts have provided their estimated foresights on Valero Energy Corporation Earnings, with 18 analysts believing the company would generate an Average Estimate of $0.85. But the stock was ranked Underweight by 1 number of analysts in current phase while overall the consensus rank was for Hold. Bank of New York Mellon Corp raised its position in shares of Valero Energy Corporation by 3.0% in the second quarter. The number of shares now owned by investors are 452.67 mln.

CenturyLink, Inc. (NYSE:CTL), stock is trading $32.73 above the 52-week high and has displayed a high EPS growth of -12.70% in last 5 years. LSV Asset Management now owns 7,470,709 shares of the company's stock worth $395,947,000 after buying an additional 37,572 shares during the last quarter. Following the completion of the sale, the insider now owns 364,377 shares in the company, valued at $24,722,979.45.

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets.

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