Valero Energy Corporation (NYSE:VLO)‘s stock had its “hold” rating reissued by Deutsche Bank AG in a research note issued on Wednesday. They presently have a $73.00 price objective on the oil and gas company’s stock, up from their prior price objective of $65.00. Deutsche Bank AG’s price objective would suggest a potential downside of 0.49% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective for the company. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $65.00 to $80.00 in a report on Thursday, June 22nd. Citigroup Inc. decreased their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. Finally, BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $73.09.

Valero Energy Corporation (NYSE:VLO) opened at 73.36 on Wednesday. The company has a market capitalization of $32.40 billion, a P/E ratio of 18.11 and a beta of 1.19. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $73.87. The stock’s 50 day moving average is $68.09 and its 200-day moving average is $66.42.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the previous year, the company earned $1.07 earnings per share. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts predict that Valero Energy Corporation will post $4.36 EPS for the current fiscal year.

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In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Independent Portfolio Consultants Inc. boosted its position in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares during the period. First Personal Financial Services boosted its position in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 11 shares during the period. Ffcm LLC boosted its position in shares of Valero Energy Corporation by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,231 shares during the period. Finally, Thompson Davis & CO. Inc. bought a new position in shares of Valero Energy Corporation in the first quarter worth approximately $127,000. Institutional investors and hedge funds own 80.69% of the company’s stock.

About Valero Energy Corporation

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.

Analyst Recommendations for Valero Energy Corporation (NYSE:VLO)

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