Valero Energy Corporation (NYSE:VLO)‘s stock had its “neutral” rating reiterated by research analysts at Macquarie in a report released on Monday. The analysts noted that the move was a valuation call.

Several other equities analysts have also commented on VLO. Zacks Investment Research raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, October 16th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $87.00 target price (up previously from $74.00) on shares of Valero Energy Corporation in a report on Tuesday, October 17th. US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Citigroup Inc. increased their target price on shares of Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, Jefferies Group LLC lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $76.39.

Valero Energy Corporation (NYSE:VLO) traded up 0.34% during trading on Monday, hitting $77.66. 703,433 shares of the stock traded hands. Valero Energy Corporation has a 12 month low of $56.54 and a 12 month high of $78.64. The stock has a market cap of $34.30 billion, a PE ratio of 19.17 and a beta of 1.21. The company has a 50-day moving average price of $74.63 and a 200-day moving average price of $68.14.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The company had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same quarter last year, the firm earned $1.07 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post $4.74 EPS for the current year.

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In other news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,168 shares of company stock valued at $4,015,279. Corporate insiders own 0.45% of the company’s stock.

Large investors have recently bought and sold shares of the company. OLD Republic International Corp purchased a new stake in shares of Valero Energy Corporation in the 1st quarter worth about $11,435,000. Edge Asset Management Inc. lifted its position in shares of Valero Energy Corporation by 26.2% in the 1st quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock worth $16,840,000 after purchasing an additional 52,798 shares during the period. Aberdeen Asset Management PLC UK lifted its position in shares of Valero Energy Corporation by 19.0% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock worth $73,059,000 after purchasing an additional 172,788 shares during the period. Snow Capital Management LP lifted its position in shares of Valero Energy Corporation by 0.5% in the 1st quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock worth $1,260,000 after purchasing an additional 101 shares during the period. Finally, Brookstone Capital Management lifted its position in shares of Valero Energy Corporation by 4.4% in the 2nd quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock worth $5,848,000 after purchasing an additional 3,644 shares during the period. 80.59% of the stock is owned by hedge funds and other institutional investors.

About Valero Energy Corporation

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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