Investors Purchase High Volume of Valero Energy Corp. Call Options (VLO)
Shares of Valero Energy Corp. (NYSE:VLO) was the target of unusually large options trading on Wednesday. Stock traders acquired 9,130 call options on the stock, AnalystRatings.Net reports. This represents an increase of approximately 335% compared to the typical volume of 2,098 call options.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Valero Energy Corp. from $40.00 to $46.00 in a research note to investors on Monday, December 16th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Valero Energy Corp. in a research note to investors on Friday, December 13th. They set a “neutral” rating and a $45.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Valero Energy Corp. from an “underweight” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $44.00 price target on the stock, up previously from $34.00. Six research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $50.20.
Shares of Valero Energy Corp. (NYSE:VLO) opened at 50.40 on Thursday. Valero Energy Corp. has a 52-week low of $31.1243 and a 52-week high of $50.54. The stock has a 50-day moving average of $45.68 and a 200-day moving average of $38.53. The company has a market cap of $27.194 billion and a price-to-earnings ratio of 10.96.
Valero Energy Corp. (NYSE:VLO) last released its earnings data on Tuesday, October 29th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.41 by $0.03. The company had revenue of $36.14 billion for the quarter, compared to the consensus estimate of $29.76 billion. During the same quarter in the prior year, the company posted $1.91 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $3.34 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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