Valero Energy Corp. (VLO) PT Raised to $61.00
Valero Energy Corp. (NYSE:VLO) had its price target hoisted by equities researchers at Citigroup Inc. from $58.00 to $61.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective points to a potential upside of 9.99% from the company’s current price.
Other equities research analysts have also issued reports about the company. Wells Fargo & Co. restated a “buy” rating on shares of Valero Energy Corp. in a research report on Saturday, July 9th. Jefferies Group set a $65.00 price objective on Valero Energy Corp. and gave the stock a “buy” rating in a research report on Saturday. Howard Weil decreased their price objective on Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 27th. Zacks Investment Research lowered Valero Energy Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, Barclays PLC restated an “overweight” rating and set a $73.00 price objective on shares of Valero Energy Corp. in a research report on Thursday, July 28th. Nine research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Valero Energy Corp. currently has a consensus rating of “Buy” and a consensus price target of $69.06.
Valero Energy Corp. (NYSE:VLO) opened at 55.46 on Wednesday. The stock has a market cap of $25.59 billion, a PE ratio of 8.91 and a beta of 1.87. The firm has a 50-day moving average price of $54.87 and a 200-day moving average price of $54.84. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/19/valero-energy-corp-vlo-pt-raised-to-61-00.html
Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The firm earned $19.58 billion during the quarter, compared to analyst estimates of $16.79 billion. During the same period last year, the company posted $2.66 EPS. The business’s quarterly revenue was down 22.0% compared to the same quarter last year. Analysts forecast that Valero Energy Corp. will post $3.33 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Security National Trust Co. raised its position in shares of Valero Energy Corp. by 4.8% in the second quarter. Security National Trust Co. now owns 2,347 shares of the company’s stock worth $119,000 after buying an additional 107 shares during the last quarter. Amica Retiree Medical Trust bought a new position in shares of Valero Energy Corp. during the second quarter worth about $137,000. Point72 Asia Hong Kong Ltd raised its position in shares of 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 worth $151,000 after buying an additional 2,500 shares during the last quarter. Sandy Spring Bank raised its position in shares of Valero Energy Corp. by 33.2% in the second quarter. Sandy Spring Bank now owns 2,967 shares of the company’s stock worth $152,000 after buying an additional 740 shares during the last quarter. Finally, Smithfield Trust Co. raised its position in shares of Valero Energy Corp. by 4.5% in the second quarter. Smithfield Trust Co. now owns 3,199 shares of the company’s stock worth $163,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 78.53% 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.
Receive News & Ratings for Valero Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy Corp. and related companies with MarketBeat.com's FREE daily email newsletter.