Valero Energy Corp. Now Covered by Citigroup Inc. (VLO)
Investment analysts at Citigroup Inc. assumed coverage on shares of Valero Energy Corp. (NYSE:VLO) in a note issued to investors on Wednesday, Analyst Ratings Net reports. The firm set a “neutral” rating on the stock.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 1.81% on Wednesday, hitting $50.95. The stock had a trading volume of 6,838,414 shares. Valero Energy Corp. has a 52 week low of $33.00 and a 52 week high of $53.64. The stock has a 50-day moving average of $48.75 and a 200-day moving average of $40.00. The company has a market cap of $27.491 billion and a P/E ratio of 11.69. Valero Energy Corp. also saw unusually large options trading activity on Tuesday. Stock investors purchased 7,570 put options on the company. This represents an increase of 107% compared to the typical daily volume of 3,657 put options.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.91 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Valero Energy Corp. will post $3.58 earnings per share for the current fiscal year.
VLO has been the subject of a number of other recent research reports. Analysts at Imperial Capital raised their price target on shares of Valero Energy Corp. from $41.00 to $49.00 in a research note to investors on Thursday, January 9th. They now have an “in-line” rating on the stock. Separately, analysts at Wells Fargo & Co. initiated coverage on shares of Valero Energy Corp. in a research note to investors on Monday, January 6th. They set an “outperform” rating on the stock. Finally, analysts at RBC Capital initiated coverage on shares of Valero Energy Corp. in a research note to investors on Monday, January 6th. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.67.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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