Valero Energy Corp. (NYSE:VLO) was upgraded by research analysts at Howard Weil from a “sector perform” rating to an “outperform” rating in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm currently has a $43.00 target price on the stock, up from their previous target price of $37.00. Howard Weil’s price objective indicates a potential upside of 17.58% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on VLO. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Valero Energy Corp. in a research note to investors on Friday. Separately, analysts at Credit Suisse cut their price target on shares of Valero Energy Corp. from $40.00 to $39.00 in a research note to investors on Wednesday, October 9th. They now have a “neutral” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Valero Energy Corp. from $69.00 to $64.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $43.58.
Shares of Valero Energy Corp. (NYSE:VLO) traded up 0.36% during mid-day trading on Tuesday, hitting $36.701. 3,449,224 shares of the company’s stock traded hands. Valero Energy Corp. has a one year low of $25.4936 and a one year high of $44.7623. The stock has a 50-day moving average of $35.15 and a 200-day moving average of $36.58. The company has a market cap of $19.897 billion and a P/E ratio of 7.22.
Valero Energy Corp. (NYSE:VLO) last released its earnings data on Tuesday, July 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that Valero Energy Corp. will post $3.34 EPS for the current fiscal year.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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