Shares of Valero Energy Corporation (NYSE:VLO) have earned an average recommendation of “Buy” from the twenty-three research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $74.67.

VLO has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. Credit Suisse Group reiterated a “hold” rating and set a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. BidaskClub cut Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. lowered their price objective on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th.

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In related news, Director Stephen M. Waters sold 656 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. First National Bank of Mount Dora Trust Investment Services increased its position in Valero Energy Corporation by 44.3% during the third quarter. First National Bank of Mount Dora Trust Investment Services now owns 46,490 shares of the oil and gas company’s stock valued at $3,576,000 after acquiring an additional 14,280 shares during the last quarter. Fulton Bank N.A. increased its position in Valero Energy Corporation by 6.1% during the third quarter. Fulton Bank N.A. now owns 16,356 shares of the oil and gas company’s stock valued at $1,258,000 after acquiring an additional 938 shares during the last quarter. Eqis Capital Management Inc. increased its position in Valero Energy Corporation by 29.0% during the third quarter. Eqis Capital Management Inc. now owns 32,852 shares of the oil and gas company’s stock valued at $2,527,000 after acquiring an additional 7,392 shares during the last quarter. Perpetual Ltd increased its position in Valero Energy Corporation by 19.3% during the second quarter. Perpetual Ltd now owns 8,027 shares of the oil and gas company’s stock valued at $542,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its position in Valero Energy Corporation by 385.3% during the second quarter. Level Four Advisory Services LLC now owns 37,523 shares of the oil and gas company’s stock valued at $781,000 after acquiring an additional 29,791 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) traded down 0.46% during midday trading on Thursday, reaching $77.56. 1,209,388 shares of the company’s stock were exchanged. Valero Energy Corporation has a 12 month low of $53.00 and a 12 month high of $78.64. The company’s 50 day moving average is $72.39 and its 200-day moving average is $67.45. The stock has a market cap of $34.26 billion, a PE ratio of 19.15 and a beta of 1.22.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Equities analysts forecast that Valero Energy Corporation will post $4.48 EPS for the current fiscal year.

Valero Energy Corporation Company Profile

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

Analyst Recommendations for Valero Energy Corporation (NYSE:VLO)

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