Valero Energy Corp. Target of Unusually High Options Trading (VLO)
Valero Energy Corp. (NYSE:VLO) was the recipient of unusually large options trading on Friday. Investors bought 6,447 put options on the stock, AR Network reports. This is an increase of 323% compared to the typical daily volume of 1,523 put options.
VLO has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Valero Energy Corp. (NYSE:VLO) from $36.00 to $40.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Oppenheimer reiterated a “buy” rating on shares of Valero Energy Corp. (NYSE:VLO) in a research note to investors on Monday. They now have a $42.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Valero Energy Corp. (NYSE:VLO) from $40.00 to $42.00 in a research note to investors on Monday. They now have a “sell” rating on the stock.
Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $43.77.
Valero Energy Corp. (NYSE:VLO) traded up 1.01% on Friday, hitting $35.05. 8,660,037 shares of the company’s stock traded hands. Valero Energy Corp. has a one year low of $25.4936 and a one year high of $44.7623. The stock’s 50-day moving average is $36.00 and its 200-day moving average is $37.70. The company has a market cap of $19.002 billion and a P/E ratio of 6.85.
Valero Energy Corp. (NYSE:VLO) last announced its earnings results on Tuesday, July 23rd. The company reported $0.90 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.94 by $0.04. The company had revenue of $34.03 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $4.05 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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