Valero Energy Co. (NYSE:VLO)‘s stock had its “hold” rating reiterated by analysts at Credit Suisse Group AG in a research note issued on Friday. They currently have a $67.00 price target on the oil and gas company’s stock. Credit Suisse Group AG’s price target suggests a potential upside of 4.52% from the company’s current price.

A number of other equities analysts have also recently issued reports on VLO. Zacks Investment Research cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 13th. Barclays PLC reiterated a “buy” rating and set a $95.00 price objective on shares of Valero Energy in a research report on Wednesday, January 11th. Mizuho upped their price objective on shares of Valero Energy from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Vetr upgraded shares of Valero Energy from a “sell” rating to a “hold” rating and set a $65.92 price objective for the company in a research report on Monday, December 12th. Finally, Bank of America Corp upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $86.00 in a research report on Thursday, January 5th. Ten investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $67.92.

Analyst Recommendations for Valero Energy (NYSE:VLO)

Shares of Valero Energy (NYSE:VLO) traded up 1.86% during mid-day trading on Friday, hitting $65.29. The stock had a trading volume of 2,298,267 shares. The company has a market cap of $29.45 billion, a PE ratio of 13.24 and a beta of 1.38. Valero Energy has a one year low of $46.88 and a one year high of $71.40. The firm’s 50 day moving average price is $66.27 and its 200-day moving average price is $64.29.

Valero Energy (NYSE:VLO) last issued its earnings results on Tuesday, January 31st. The oil and gas company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04. The company earned $20.71 billion during the quarter, compared to analysts’ expectations of $17.42 billion. Valero Energy had a net margin of 3.03% and a return on equity of 8.08%. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.79 EPS. On average, equities research analysts anticipate that Valero Energy will post $4.92 earnings per share for the current fiscal year.

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In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $66.19, for a total transaction of $66,190.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph W. Gorder sold 39,057 shares of the company’s stock in a transaction on Thursday, January 26th. The stock was sold at an average price of $67.85, for a total transaction of $2,650,017.45. Following the transaction, the insider now owns 364,377 shares in the company, valued at approximately $24,722,979.45. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sigma Planning Corp increased its position in Valero Energy by 0.4% in the third quarter. Sigma Planning Corp now owns 5,748 shares of the oil and gas company’s stock valued at $305,000 after buying an additional 24 shares during the last quarter. Redmond Asset Management LLC increased its position in Valero Energy by 0.3% in the fourth quarter. Redmond Asset Management LLC now owns 24,522 shares of the oil and gas company’s stock valued at $1,675,000 after buying an additional 67 shares during the last quarter. Bowling Portfolio Management LLC increased its position in Valero Energy by 1.5% in the fourth quarter. Bowling Portfolio Management LLC now owns 4,908 shares of the oil and gas company’s stock valued at $335,000 after buying an additional 74 shares during the last quarter. LBA Wealth Management LLC increased its position in Valero Energy by 0.6% in the fourth quarter. LBA Wealth Management LLC now owns 13,123 shares of the oil and gas company’s stock valued at $897,000 after buying an additional 75 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in Valero Energy by 0.4% in the third quarter. Douglass Winthrop Advisors LLC now owns 18,401 shares of the oil and gas company’s stock valued at $975,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.

Valero Energy Company Profile

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.

5 Day Chart for NYSE:VLO

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