Brokerage Firm Rating Update on Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Zacks Investment Research ranks Valero Energy Corporation (VLO) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.8, which indicates as a Buy.

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.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Piper Jaffray maintains its rating on Valero Energy Corporation (NYSE:VLO).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Piper Jaffray raises the new 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 $55.17 and touched an intraday high of $56.19 on Wednesday. During the day, the stock corrected to an intraday low of $55.04, however, the bulls stepped in and pushed the price higher to close in the green at $56.09 with a gain of 1.48% for the day. The total traded volume for the day was 4,613,621. The stock had closed at $55.27 in the previous trading session.

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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