Valero Energy Corporation (VLO) : 8 brokerage houses believe that Valero Energy Corporation (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 (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 (VLO) : The most positive equity analysts on Valero Energy Corporation (VLO) expects the shares to touch $73, whereas, the least positive believes that the stock will trade at $47 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $64.1 with an expected fluctuation of $8.03 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on Valero Energy Corporation (NYSE:VLO). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at JP Morgan lowers the price target from $57 per share to $59 per share. The rating by the firm was issued on June 10, 2016.
Valero Energy Corporation (NYSE:VLO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $52.17 and $52.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.71, notching a gain of 4.51% for the day. The total traded volume was 11,361,661 . The stock had closed at $52.35 on the previous day.
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.