Traders Purchase Large Volume of Valero Energy Corp. Put Options (VLO)
Shares of Valero Energy Corp. (NYSE:VLO) saw unusually large options trading activity on Tuesday. Traders acquired 8,750 put options on the company, Stock Ratings Network reports. This is an increase of 202% compared to the typical daily volume of 2,901 put options.
A number of research firms have recently commented on VLO. Analysts at Morgan Stanley cut their price target on shares of Valero Energy Corp. (NYSE:VLO) from $50.00 to $45.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks upgraded shares of Valero Energy Corp. (NYSE:VLO) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 17th. They now have a $36.00 price target on the stock. Finally, 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, September 10th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Valero Energy Corp. has a consensus rating of “Hold” and an average price target of $44.63.
Valero Energy Corp. (NYSE:VLO) traded down 0.91% during mid-day trading on Tuesday, hitting $33.84. The stock had a trading volume of 4,985,140 shares. Valero Energy Corp. has a 52-week low of $25.4936 and a 52-week high of $44.7623. The stock’s 50-day moving average is $35.49 and its 200-day moving average is $37.01. The company has a market cap of $18.346 billion and a P/E ratio of 6.74.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.90 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.50 earnings per share. Valero Energy Corp.’s revenue was down 1.8% compared to the same quarter last year. Analysts expect that Valero Energy Corp. will post $3.86 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.