Valero Energy Corp. (NYSE:VLO) has been given a consensus recommendation of “Buy” by the twenty-five ratings firms that are currently covering the firm. Nine investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $69.57.

Several research firms have issued reports on VLO. Zacks Investment Research upgraded Valero Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, September 6th. Vetr upgraded Valero Energy Corp. from a “buy” rating to a “strong-buy” rating and set a $63.15 target price on the stock in a research report on Wednesday, August 31st. Jefferies Group began coverage on Valero Energy Corp. in a research report on Tuesday, August 23rd. They issued a “buy” rating and a $66.00 price objective on the stock. Piper Jaffray Cos. increased their price objective on Valero Energy Corp. from $48.00 to $54.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd. Finally, Barclays PLC reiterated an “overweight” rating and issued a $73.00 price objective on shares of Valero Energy Corp. in a research report on Thursday, July 28th.

A number of hedge funds have recently modified their holdings of VLO. Cullen Frost Bankers Inc. raised its stake in shares of Valero Energy Corp. by 8.1% in the second quarter. Cullen Frost Bankers Inc. now owns 345,392 shares of the company’s stock valued at $17,615,000 after buying an additional 25,916 shares during the period. Retirement Systems of Alabama raised its stake in shares of Valero Energy Corp. by 1.3% in the second quarter. Retirement Systems of Alabama now owns 239,510 shares of the company’s stock valued at $12,215,000 after buying an additional 3,028 shares during the period. Legal & General Group Plc raised its stake in shares of Valero Energy Corp. by 2.3% in the first quarter. Legal & General Group Plc now owns 2,455,753 shares of the company’s stock valued at $157,474,000 after buying an additional 56,133 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of Valero Energy Corp. by 4.5% in the second quarter. Douglas Lane & Associates LLC now owns 593,791 shares of the company’s stock valued at $30,283,000 after buying an additional 25,327 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Valero Energy Corp. during the second quarter valued at approximately $176,332,000. Institutional investors and hedge funds own 78.49% of the company’s stock.

Valero Energy Corp. (NYSE:VLO) opened at 53.85 on Tuesday. The firm has a market capitalization of $24.84 billion, a P/E ratio of 8.65 and a beta of 1.87. The firm’s 50-day moving average price is $54.95 and its 200 day moving average price is $55.18. Valero Energy Corp. has a one year low of $46.88 and a one year high of $73.88.

Valero Energy Corp. (NYSE:VLO) last posted its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.04. The firm had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. Valero Energy Corp. had a return on equity of 14.05% and a net margin of 3.89%. The business’s quarterly revenue was down 22.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.66 earnings per share. On average, equities analysts anticipate that Valero Energy Corp. will post $3.33 earnings per share for the current fiscal year.

About Valero Energy Corp.

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.

5 Day Chart for NYSE:VLO

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