Economy

Analysts Showing Optimistic Trends For Valero Energy Corporation (VLO)

Shares of Valero Energy Corporation (NYSE:VLO) traded down 0.39% during midday trading on Wednesday, hitting $77.39. Adviser Investments LLC's holdings in Valero Energy Corporation were worth $3,061,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Independent Portfolio Consultants Inc. grew its stake in Valero Energy Corporation by 62.2% during the second quarter.

Since the start of the New Year, Valero Energy Corporation (NYSE:VLO) shares have seen a move of 13.71%. Balasa Dinverno & Foltz LLC now owns 17,443 shares of the oil and gas company's stock worth $1,342,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Snow Capital Management LP lifted its stake in shares of Valero Energy Corporation by 0.5% during the first quarter. The institutional investor owned 3,393 shares of the oil and gas company's stock after selling 1,887 shares during the period. BKD Wealth Advisors LLC grew its stake in shares of Valero Energy Corporation by 0.4% during the second quarter. The Tortoise Capital Advisors Llc holds 21,394 shares with $1.44 million value, down from 27,748 last quarter. Spirit of America Management Corp NY raised its holdings in shares of Valero Energy Corporation by 29.0% during the 3rd quarter.

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Several analysts recently weighed in on VLO shares. ValuEngine raised Valero Energy Corporation from a "hold" rating to a "buy" rating in a research report on Friday, September 1st. Cowen and Company boosted their price objective on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, September 28th.

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 11 have Buy rating, 0 Sell and 11 Hold. Barclays Capital maintained the stock with "Overweight" rating in Friday, August 7 report.

Some buy side analysts are also providing their Analysis on Valero Energy Corporation, where 3 analysts have rated the stock as Strong buy, 6 analysts have given a Buy signal, 12 said it's a HOLD, 0 reported it as Underperform and 0 analysts rated the stock as Sell. The consensus analyst target price is $80.29.

In related news, Director Stephen M. Waters sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 55,168 shares of company stock valued at $4,015,279 in the last three months. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The stock had a trading volume of 1,210,558 shares. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 19.10 and a beta of 1.22. Valero Energy Corporation (NYSE:VLO) shares have been recently spotted -1.45% away from the 52-week high, and 37.08% away from the 52-week low mark. The firm has a 50-day moving average of $74.71 and a 200 day moving average of $68.22.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 27th. After $-0.21 actual earnings per share reported by AquaVenture Holdings Ltd for the previous quarter, Wall Street now forecasts -9.52% EPS growth.

The forward P/E of Valero Energy Corporation is at 12.89 signifying the uses of estimated net earnings over the next 12 months. The company's revenue was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Valero Energy Corporation will post $4.75 EPS for the current fiscal year. The Company's assets include crude oil and refined petroleum products pipelines, terminals, and other logistics assets in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the activities of the ten of Valero Energy Corporation refineries. The Company operates in two segments: refining and ethanol. The refining segment includes its refining operations and the associated marketing activities.



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