Valero Energy Corporation (NYSE:VLO)‘s stock had its “buy” rating reaffirmed by Cowen and Company in a research note issued to investors on Friday. They currently have a $90.00 target price on the oil and gas company’s stock.

Several other equities analysts have also issued reports on VLO. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Citigroup Inc. reduced their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reduced their price target on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $77.19.

The company has a market cap of $36,035.28, a price-to-earnings ratio of 17.62 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same period last year, the business earned $1.24 earnings per share. The business’s revenue was up 19.9% on a year-over-year basis. research analysts forecast that Valero Energy Corporation will post 4.77 earnings per share for the current fiscal year.

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In other news, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly 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 three months, insiders have sold 56,768 shares of company stock valued at $4,141,471. Insiders own 0.45% of the company’s stock.

Several hedge funds have recently modified their holdings of VLO. Cable Hill Partners LLC grew its position in shares of Valero Energy Corporation by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares during the period. Independent Portfolio Consultants Inc. lifted its stake in shares of Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after buying an additional 619 shares in the last quarter. First Personal Financial Services lifted its stake in shares of Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after buying an additional 196 shares in the last quarter. Guardian Life Insurance Co. of America lifted its stake in shares of Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after buying an additional 11 shares in the last quarter. Finally, Ffcm LLC lifted its stake in shares of Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after buying an additional 1,231 shares in the last quarter. 80.63% 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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