Valero Energy Corporation (NYSE:VLO) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $83 and the lowest price target forecast is $59. The average forecast of all the analysts is $72.18 and the expected standard deviation is $8.62.
Other Equity analysts have also commented on the company shares. JP Morgan maintains its rating on Valero Energy Corporation (NYSE:VLO). The global brokerage major lowers the current price target from $57 per share to $59 per share. Analysts at the JP Morgan have a current rating of Overweight on the shares. The rating by the firm was issued on June 10, 2016.
Valero Energy Corporation (NYSE:VLO): stock turned positive on Thursday. Though the stock opened at $53.4, the bulls momentum made the stock top out at $53.93 level for the day. The stock recorded a low of $53.32 and closed the trading day at $53.71, in the green by 1.70%. The total traded volume for the day was 5,570,918. The stock had closed at $52.81 in the previous days trading.
The company shares have dropped -12.44% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $73.88 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $54.36 and the 200 Day Moving Average price is recorded at $61.73. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Crownover R. Michael, officer (EVP) of Valero Energy Corp/Tx, had unloaded 17,104 shares at an average price of $72.98 in a transaction dated on November 24, 2015. The total value of the transaction was worth $1,248,250.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Companys refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.