Valero Energy Corp. (VLO) PT Set at $65.00 by Jefferies Group
Valero Energy Corp. (NYSE:VLO) has been given a $65.00 target price by analysts at Jefferies Group in a research note issued to investors on Saturday. The brokerage currently has a a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 20.84% from the stock’s current price.
Several other research firms also recently issued reports on VLO. Vetr raised shares of Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 price objective for the company in a report on Wednesday, August 31st. Zacks Investment Research raised shares of Valero Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, September 6th. Piper Jaffray Cos. increased their price target on shares of Valero Energy Corp. from $48.00 to $54.00 and gave the company a “neutral” rating in a report on Monday, August 22nd. Howard Weil reduced their price target on shares of Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 27th. Finally, Barclays PLC reissued an “overweight” rating and issued a $73.00 price target on shares of Valero Energy Corp. in a report on Thursday, July 28th. Nine research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Valero Energy Corp. has an average rating of “Buy” and an average price target of $69.71.
Shares of Valero Energy Corp. (NYSE:VLO) traded down 0.11% during midday trading on Friday, hitting $53.79. 3,071,944 shares of the company were exchanged. The stock has a market cap of $24.82 billion, a PE ratio of 8.64 and a beta of 1.87. The stock’s 50-day moving average is $54.91 and its 200-day moving average is $55.10. Valero Energy Corp. has a one year low of $46.88 and a one year high of $73.88.
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Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business earned $19.58 billion during the quarter, compared to the consensus estimate of $16.79 billion. Valero Energy Corp. had a net margin of 3.89% and a return on equity of 14.05%. Valero Energy Corp.’s quarterly revenue was down 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.66 EPS. Equities research analysts anticipate that Valero Energy Corp. will post $3.33 EPS for the current year.
Several large investors have recently modified their holdings of VLO. River & Mercantile Asset Management acquired a new stake in shares of Valero Energy Corp. during the fourth quarter valued at approximately $120,000. Security National Trust Co. raised its position in Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock valued at $119,000 after buying an additional 107 shares during the last quarter. Amica Retiree Medical Trust purchased a new position in Valero Energy Corp. during the second quarter valued at $137,000. Point72 Asia Hong Kong Ltd raised its position in Valero Energy Corp. by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock valued at $151,000 after buying an additional 2,500 shares during the last quarter. Finally, Sandy Spring Bank raised its position in Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock valued at $152,000 after buying an additional 740 shares during the last quarter. Institutional investors own 78.49% of the company’s stock.
Valero Energy Corp. Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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