Short Term Price Target on Valero Energy Corporation (VLO)

Valero Energy Corporation (NYSE:VLO) : Average target price received by Valero Energy Corporation (NYSE:VLO) is $72.18 with an expected standard deviation of $8.62. The most aggressive target on the stock is $83, whereas the most downbeat target is $59. 11 financial analysts are currently covering the stock.

Valero Energy Corporation has lost 5.05% in the last five trading days and dropped 8.52% in the last 4 weeks. Valero Energy Corporation has dropped 18.06% during the last 3-month period . Year-to-Date the stock performance stands at -26.38%. Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Valero Energy Corporation (NYSE:VLO). JP Morgan has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $59 per share from a prior target of $57. The rating by the firm was issued on June 10, 2016.

Valero Energy Corporation (NYSE:VLO) : 8 brokerage houses believe that Valero Energy Corporation (NYSE:VLO) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Valero Energy Corporation (NYSE:VLO). Zacks Investment Research suggests a Strong Sell with a rank of 5.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 1.8.

Valero Energy Corporation (NYSE:VLO): The stock opened at $51.81 on Thursday but the bulls could not build on the opening and the stock topped out at $51.94 for the day. The stock traded down to $49.91 during the day, due to lack of any buying support eventually closed down at $51.00 with a loss of -1.77% for the day. The stock had closed at $51.92 on the previous day. The total traded volume was 10,412,869 shares.

In an insider trading activity, Crownover R. Michael, officer (EVP) of Valero Energy Corp/Tx, unloaded 17,104 shares at an average price of $72.98 on November 24, 2015. The total amount of the transaction was worth $1,248,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

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