Wells Fargo & Co reiterated their outperform rating on shares of Valero Energy Corporation (NYSE:VLO) in a research note released on Tuesday morning, The Fly reports. The firm currently has a $87.00 price objective on the oil and gas company’s stock, up from their prior price objective of $74.00.

A number of other equities analysts have also recently commented on VLO. Credit Suisse Group reissued a hold rating and issued a $65.00 price objective on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Jefferies Group LLC raised shares of Valero Energy Corporation from a hold rating to a buy rating and lifted their price objective for the stock from $65.00 to $80.00 in a research note on Thursday, June 22nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a buy rating in a research note on Monday, June 26th. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an accumulate rating and a $84.00 price objective for the company. Finally, BidaskClub raised shares of Valero Energy Corporation from a hold rating to a buy rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the company. Valero Energy Corporation has a consensus rating of Hold and an average target price of $76.39.

Shares of Valero Energy Corporation (NYSE VLO) opened at 77.63 on Tuesday. The firm’s 50-day moving average is $74.12 and its 200 day moving average is $67.93. Valero Energy Corporation has a 52-week low of $54.21 and a 52-week high of $78.64. The stock has a market capitalization of $34.29 billion, a price-to-earnings ratio of 19.16 and a beta of 1.22.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period last year, the company posted $1.07 EPS. The business’s revenue was up 13.6% on a year-over-year basis. Equities analysts expect that Valero Energy Corporation will post $4.55 EPS for the current year.

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In related news, Director Stephen M. Waters sold 656 shares of Valero Energy Corporation stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction dated 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 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 quarter. 0.45% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Waldron LP raised its holdings in shares of Valero Energy Corporation by 45.7% in the 1st quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 2,650 shares in the last quarter. Covenant Multifamily Offices LLC raised its holdings in shares of Valero Energy Corporation by 62.2% in the 1st quarter. Covenant Multifamily Offices LLC now owns 47,904 shares of the oil and gas company’s stock valued at $3,176,000 after purchasing an additional 18,374 shares in the last quarter. Highstreet Asset Management Inc. raised its holdings in shares of Valero Energy Corporation by 22.1% in the 1st quarter. Highstreet Asset Management Inc. now owns 10,889 shares of the oil and gas company’s stock valued at $722,000 after purchasing an additional 1,973 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Valero Energy Corporation by 9.6% in the 1st quarter. Private Advisor Group LLC now owns 27,626 shares of the oil and gas company’s stock valued at $1,799,000 after purchasing an additional 2,409 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its holdings in shares of Valero Energy Corporation by 41.9% in the 1st quarter. Peapack Gladstone Financial Corp now owns 4,829 shares of the oil and gas company’s stock valued at $320,000 after purchasing an additional 1,425 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

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.

The Fly

Analyst Recommendations for Valero Energy Corporation (NYSE:VLO)

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