Valero Energy Corporation (VLO) Receives Price Target

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 $54 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $65.6 with an expected fluctuation of $6.13 from the mean.

Valero Energy Corporation (VLO) : 15 analysts are covering Valero Energy Corporation (VLO) and their average rating on the stock is 1.8, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Valero Energy Corporation (VLO) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Piper Jaffray maintains the rating on Valero Energy Corporation (NYSE:VLO). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $48 per share to $54 per share. The rating by the firm was issued on August 22, 2016.

Valero Energy Corporation (NYSE:VLO): The stock opened at $55.37 on Thursday but the bulls could not build on the opening and the stock topped out at $55.40 for the day. The stock traded down to $53.87 during the day, due to lack of any buying support eventually closed down at $54.29 with a loss of -1.92% for the day. The stock had closed at $55.35 on the previous day. The total traded volume was 5,281,497 shares.

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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