Valero Energy Corp. Target of Unusually High Options Trading (VLO)
Shares of Valero Energy Corp. (NYSE:VLO) saw unusually large options trading activity on Friday. Traders purchased 9,513 call options on the company, American Banking & Market News reports. This is an increase of 159% compared to the average daily volume of 3,671 call options.
A number of research firms have recently commented on VLO. Analysts at Oppenheimer downgraded shares of Valero Energy Corp. 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. 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. from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Valero Energy Corp. presently has a consensus rating of “Hold” and an average price target of $44.67.
Shares of Valero Energy Corp. (NYSE:VLO) opened at 34.44 on Monday. 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 6.80.
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.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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