Valero Energy Corporation (VLO) Receives ‘Analyst’ Rating

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 Hold with a rank of 3.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) : Currently there are 10 street experts covering Valero Energy Corporation (VLO) stock. The most bullish and bearish price target for the stock is $73 and $54 respectively for the short term. The average price target of all the analysts comes to $65.6. The estimated standard deviation from the target is $6.13.


Also, Major Brokerage house, Piper Jaffray maintains its ratings on Valero Energy Corporation (NYSE:VLO). In the latest research report, Piper Jaffray raises the target price from $48 per share to $54 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 22, 2016.

Valero Energy Corporation (NYSE:VLO): After opening at $54.66, the stock dipped to an intraday low of $54.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $56.8452 and the buying power remained strong till the end. The stock closed at $56.19 for the day, a gain of 2.97% for the day session. The total traded volume was 6,716,442. The stocks close on the previous trading day was $54.57.

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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