Valero Energy Corporation (NYSE:VLO)‘s stock had its “overweight” rating restated by research analysts at Barclays PLC in a report issued on Tuesday. They currently have a $86.00 price target on the oil and gas company’s stock, up from their prior price target of $85.00. Barclays PLC’s price objective suggests a potential upside of 10.14% from the company’s current price.

VLO has been the subject of several other research reports. Cowen and Company upped their price target on shares of Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Credit Suisse Group restated a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research report on Wednesday, June 21st. J P Morgan Chase & Co downgraded shares of Valero Energy Corporation from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $78.00 in a report on Friday, October 6th. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective for the company. Finally, Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $74.67.

Shares of Valero Energy Corporation (NYSE VLO) traded up 0.22% during mid-day trading on Tuesday, hitting $78.08. 2,161,725 shares of the stock were exchanged. The company has a 50-day moving average of $73.04 and a 200 day moving average of $67.61. Valero Energy Corporation has a one year low of $53.60 and a one year high of $78.64. The stock has a market cap of $34.49 billion, a PE ratio of 19.27 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, topping the 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 firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the firm earned $1.07 EPS. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts predict that Valero Energy Corporation will post $4.53 earnings per share 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 that occurred 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 link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction that occurred on 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 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. Insiders have sold a total of 55,168 shares of company stock valued at $4,015,279 in the last 90 days. Insiders own 0.45% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in VLO. BlackRock Inc. increased its holdings in shares of Valero Energy Corporation by 2,578.1% during the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock worth $2,533,433,000 after buying an additional 36,790,343 shares during the last quarter. FMR LLC increased its holdings in shares of Valero Energy Corporation by 146.1% during the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock worth $150,071,000 after buying an additional 1,320,524 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Valero Energy Corporation by 6,236.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock worth $18,185,000 after buying an additional 1,207,400 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Valero Energy Corporation by 1,780.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock worth $76,039,000 after buying an additional 1,067,201 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Valero Energy Corporation by 88.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock worth $144,273,000 after buying an additional 1,005,206 shares during the last quarter. Institutional investors and hedge funds own 80.69% of the company’s stock.

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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