Valero Energy Corp. Target of Unusually Large Options Trading (VLO)
Shares of Valero Energy Corp. (NYSE:VLO) was the target of unusually large options trading on Friday. Investors purchased 9,276 put options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 171% compared to the average daily volume of 3,424 put options.
A number of analysts have recently weighed in on VLO shares. Analysts at Oppenheimer downgraded shares of Valero Energy Corp. (NYSE:VLO) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at Macquarie cut their price target on shares of Valero Energy Corp. (NYSE:VLO) from $38.00 to $35.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. upgraded shares of Valero Energy Corp. (NYSE:VLO) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $44.67.
Valero Energy Corp. (NYSE:VLO) traded up 1.00% on Friday, hitting $34.44. 7,838,733 shares of the company’s stock traded hands. Valero Energy Corp. has a 52-week low of $25.4936 and a 52-week high of $44.7623. The stock has a 50-day moving average of $35.22 and a 200-day moving average of $36.88. The company has a market cap of $18.671 billion and a P/E ratio of 6.73.
Valero Energy Corp. (NYSE:VLO) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, missing the 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 $3.83 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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