Valero Energy Corporation (NYSE:VLO) had its target price increased by investment analysts at Barclays PLC from $86.00 to $108.00 in a research report issued to clients and investors on Tuesday. The firm presently has an “overweight” rating on the oil and gas company’s stock. Barclays PLC’s target price suggests a potential upside of 33.88% from the stock’s current price.

Several other brokerages have also issued reports on VLO. Scotiabank reaffirmed a “buy” rating and issued a $84.00 target price on shares of Valero Energy Corporation in a research note on Tuesday. Cowen and Company reaffirmed a “buy” rating and issued a $90.00 target price on shares of Valero Energy Corporation in a research note on Friday, November 3rd. Evercore ISI raised shares of Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday, October 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Valero Energy Corporation currently has an average rating of “Hold” and an average price target of $79.19.

Shares of Valero Energy Corporation (NYSE:VLO) traded down $0.70 during trading hours on Tuesday, reaching $80.67. 2,568,500 shares of the company’s stock were exchanged, compared to its average volume of 4,090,916. Valero Energy Corporation has a 12-month low of $60.35 and a 12-month high of $82.19. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. The company has a market cap of $35,605.96, a price-to-earnings ratio of 17.58, a P/E/G ratio of 1.69 and a beta of 1.17.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the prior year, the firm earned $1.24 EPS. The company’s revenue was up 19.9% on a year-over-year basis. analysts expect that Valero Energy Corporation will post 4.83 EPS for the current year.

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In other news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. Insiders have sold a total of 56,768 shares of company stock worth $4,141,471 over the last 90 days. Corporate insiders own 0.45% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. OLD Republic International Corp acquired a new stake in shares of Valero Energy Corporation in the first quarter valued at approximately $11,435,000. Aberdeen Asset Management PLC UK raised its holdings in shares of Valero Energy Corporation by 19.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock valued at $73,059,000 after purchasing an additional 172,788 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Valero Energy Corporation by 4.4% in the second quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock valued at $5,848,000 after purchasing an additional 3,644 shares during the last quarter. Andra AP fonden raised its holdings in shares of Valero Energy Corporation by 2.9% in the second quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock valued at $4,810,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Valero Energy Corporation by 2.7% in the second quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock valued at $111,103,000 after purchasing an additional 42,700 shares during the last quarter. Institutional investors own 80.81% 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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