Investors Buy High Volume of Call Options on Valero Energy Corp. (VLO)
Valero Energy Corp. (NYSE:VLO) saw some unusual options trading activity on Friday. Investors purchased 26,994 call options on the stock, AmericanBankingNews.com reports. This represents an increase of approximately 328% compared to the typical daily volume of 6,307 call options.
A number of research firms have recently commented on VLO. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Valero Energy Corp. in a research note to investors on Friday. Separately, analysts at Credit Suisse cut their price target on shares of Valero Energy Corp. from $40.00 to $39.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Valero Energy Corp. from $69.00 to $64.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Valero Energy Corp. presently has a consensus rating of “Hold” and an average target price of $43.67.
Valero Energy Corp. (NYSE:VLO) opened at 36.54 on Monday. Valero Energy Corp. has a 1-year low of $25.4936 and a 1-year high of $44.7623. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $36.68. The company has a market cap of $19.810 billion and a P/E ratio of 7.02.
Valero Energy Corp. (NYSE:VLO) last announced its earnings results 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. On average, analysts predict that Valero Energy Corp. will post $3.34 earnings per share 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.