Valero Energy Corporation (NYSE:VLO)‘s stock had its “outperform” rating reiterated by analysts at Wells Fargo & Company in a report issued on Tuesday. They currently have a $87.00 price objective on the oil and gas company’s stock, up from their previous price objective of $74.00. Wells Fargo & Company’s price target indicates a potential upside of 12.37% from the stock’s current price.

A number of other research firms have also recently weighed in on VLO. Deutsche Bank AG restated a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy Corporation in a report on Wednesday, September 20th. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Monday. Jefferies Group LLC decreased their price objective 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. Finally, BidaskClub lowered shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.97.

Valero Energy Corporation (NYSE VLO) opened at 77.42 on Tuesday. Valero Energy Corporation has a 52-week low of $53.60 and a 52-week high of $78.64. The firm has a 50-day moving average price of $73.20 and a 200 day moving average price of $67.63. The stock has a market cap of $34.19 billion, a PE ratio of 19.11 and a beta of 1.21.

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, beating analysts’ consensus estimates 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 business had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the business earned $1.07 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. Equities analysts anticipate 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 Valero Energy Corporation 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,168 shares of company stock valued at $4,015,279. Insiders own 0.45% of the company’s stock.

Large investors have recently bought and sold shares of the company. OLD Republic International Corp purchased a new position in shares of Valero Energy Corporation during the 1st quarter valued at approximately $11,435,000. Edge Asset Management Inc. increased its holdings in shares of Valero Energy Corporation by 26.2% during the 1st quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company’s stock valued at $16,840,000 after purchasing an additional 52,798 shares in the last quarter. Aberdeen Asset Management PLC UK increased its holdings in shares of Valero Energy Corporation by 19.0% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after purchasing an additional 172,788 shares in the last quarter. Snow Capital Management LP increased its holdings in shares of Valero Energy Corporation by 0.5% during the 1st quarter. Snow Capital Management LP now owns 19,003 shares of the oil and gas company’s stock valued at $1,260,000 after purchasing an additional 101 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in shares of Valero Energy Corporation by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after purchasing an additional 3,644 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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