Valero Energy Corp. (NYSE:VLO)‘s stock had its “buy” rating reaffirmed by Oppenheimer in a research note issued on Monday, Stock Ratings Network reports. They currently have a $42.00 price objective on the stock. Oppenheimer’s price target would suggest a potential upside of 14.79% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Valero Energy Corp. (NYSE:VLO) from $40.00 to $42.00 in a research note to investors on Monday. They now have a “sell” rating on the stock. Separately, analysts at Zacks downgraded shares of Valero Energy Corp. (NYSE:VLO) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $34.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Valero Energy Corp. (NYSE:VLO) in a research note to investors on Wednesday, July 24th. They now have a $42.00 price target on the stock, down previously from $46.00.
Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.06.
Valero Energy Corp. (NYSE:VLO) traded down 0.46% during mid-day trading on Monday, hitting $36.59. The stock had a trading volume of 6,091,976 shares. Valero Energy Corp. has a 52-week low of $25.4936 and a 52-week high of $44.7623. The stock has a 50-day moving average of $35.85 and a 200-day moving average of $37.88. The company has a market cap of $19.837 billion and a price-to-earnings ratio of 7.26.
Valero Energy Corp. (NYSE:VLO) last released its earnings data on Tuesday, July 23rd. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.04. The company had revenue of $34.03 billion for the quarter, compared to the consensus estimate of $31.78 billion. During the same quarter last year, the company posted $1.50 earnings per share. Valero Energy Corp.’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Valero Energy Corp. will post $4.16 earnings per share for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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