Valero Energy (NYSE:VLO) Buy Rating Reaffirmed Today By Citigroup; The Price Target is $68

July 18, 2017 - By Maria Brooks

 Valero Energy (NYSE:VLO) Buy Rating Reaffirmed Today By Citigroup; The Price Target is $68

Investors sentiment increased to 1.06 in Q4 2016. Its up 0.05, from 1.01 in 2016Q3. It increased, as 56 investors sold Valero Energy Corporation shares while 309 reduced holdings. 120 funds opened positions while 268 raised stakes. 341.48 million shares or 0.17% less from 342.05 million shares in 2016Q3 were reported.

4,091 were reported by Hilltop Hldgs Inc. Fred Alger Mgmt reported 0% of its portfolio in Valero Energy Corporation (NYSE:VLO). 79,250 were accumulated by Alpha Cubed Investments Ltd Liability Com. Lsv Asset Management reported 8.20 million shares. 618,440 were accumulated by Bnp Paribas Arbitrage. Clarivest Asset Management Lc reported 1,835 shares. Federated Investors Pa reported 0.17% of its portfolio in Valero Energy Corporation (NYSE:VLO). Loudon Mgmt Ltd Liability Corp invested in 1.1% or 20,603 shares. Cutter And Brokerage stated it has 0.16% of its portfolio in Valero Energy Corporation (NYSE:VLO). Altfest L J Com invested in 0.95% or 27,760 shares. Retail Bank Of America De, a North Carolina-based fund reported 3.47 million shares. Us Natl Bank De has invested 0.07% in Valero Energy Corporation (NYSE:VLO). Vident Inv Advisory Ltd Liability Corporation holds 0.41% in Valero Energy Corporation (NYSE:VLO) or 49,908 shares. Gareth Morgan Invests L P holds 40,809 shares. Arrow Financial stated it has 0.02% of its portfolio in Valero Energy Corporation (NYSE:VLO).

Since January 26, 2017, it had 0 insider purchases, and 3 sales for $4.77 million activity. The insider Riggs R. Lane sold $2.05M. The insider Gorder Joseph W sold 39,057 shares worth $2.65 million. $66,194 worth of Valero Energy Corporation (NYSE:VLO) shares were sold by Waters Stephen M.

Valero Energy (NYSE:VLO) Rating Reaffirmed

Recently, In a note issued on Monday morning, Valero Energy (NYSE:VLO) shares have had their Buy Rating kept by research analysts at Citigroup, who currently has a $68 TP on company. This target by Citigroup gives the possibile upside of 0.85 % from the previous stock close.

Investors sentiment increased to 1.06 in Q4 2016. Its up 0.05, from 1.01 in 2016Q3. It increased, as 56 investors sold Valero Energy Corporation shares while 309 reduced holdings. 120 funds opened positions while 268 raised stakes. 341.48 million shares or 0.17% less from 342.05 million shares in 2016Q3 were reported.

4,091 were reported by Hilltop Hldgs Inc. Fred Alger Mgmt reported 0% of its portfolio in Valero Energy Corporation (NYSE:VLO). 79,250 were accumulated by Alpha Cubed Investments Ltd Liability Com. Lsv Asset Management reported 8.20 million shares. 618,440 were accumulated by Bnp Paribas Arbitrage. Clarivest Asset Management Lc reported 1,835 shares. Federated Investors Pa reported 0.17% of its portfolio in Valero Energy Corporation (NYSE:VLO). Loudon Mgmt Ltd Liability Corp invested in 1.1% or 20,603 shares. Cutter And Brokerage stated it has 0.16% of its portfolio in Valero Energy Corporation (NYSE:VLO). Altfest L J Com invested in 0.95% or 27,760 shares. Retail Bank Of America De, a North Carolina-based fund reported 3.47 million shares. Us Natl Bank De has invested 0.07% in Valero Energy Corporation (NYSE:VLO). Vident Inv Advisory Ltd Liability Corporation holds 0.41% in Valero Energy Corporation (NYSE:VLO) or 49,908 shares. Gareth Morgan Invests L P holds 40,809 shares. Arrow Financial stated it has 0.02% of its portfolio in Valero Energy Corporation (NYSE:VLO).

Since January 26, 2017, it had 0 insider purchases, and 3 sales for $4.77 million activity. The insider Riggs R. Lane sold $2.05M. The insider Gorder Joseph W sold 39,057 shares worth $2.65 million. $66,194 worth of Valero Energy Corporation (NYSE:VLO) shares were sold by Waters Stephen M.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Among 19 analysts covering Valero Energy Corporation (NYSE:VLO), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Valero Energy Corporation has $95 highest and $54 lowest target. $73.11’s average target is 8.42% above currents $67.43 stock price. Valero Energy Corporation had 41 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, January 4. Tudor Pickering upgraded the stock to “Buy” rating in Wednesday, November 16 report. The rating was upgraded by Jefferies on Thursday, June 22 to “Buy”. Piper Jaffray maintained the stock with “Neutral” rating in Friday, May 26 report. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, June 15 with “Buy”. Piper Jaffray maintained the stock with “Neutral” rating in Monday, August 22 report. The stock of Valero Energy Corporation (NYSE:VLO) earned “Overweight” rating by Barclays Capital on Wednesday, February 1. The rating was maintained by Oppenheimer with “Outperform” on Saturday, September 5. Credit Suisse maintained Valero Energy Corporation (NYSE:VLO) on Tuesday, January 26 with “Outperform” rating.

The stock decreased 0.90% or $0.61 on July 17, reaching $67.43. About shares traded. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since July 18, 2016 and is uptrending. It has underperformed by 1.41% the S&P500.

Investors wait Valero Energy Corporation (NYSE:VLO) to report on July, 25. its quarterly earnings Wall Street analysts expect $1.41 earnings per share, up $0.34 or 31.78 % from last year’s $1.07 same quarter earnings. This translates into $625.02M profit for VLO giving the stock a 11.96 P/E. This is assuming the current $1.41 EPS is accurate. Valero Energy Corporation’s Wall Street analysts see 107.35 % EPS growth, taking into account the $0.68 EPS reproted in the previous quarter,

Valero Energy Corporation is an independent petroleum refiner and ethanol producer. The company has market cap of $29.89 billion. The Company’s divisions include refining, ethanol and Valero Energy Partners LP (VLP). It has a 14.86 P/E ratio. The refining segment includes its refining activities and the associated marketing activities.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Bizjournals.com which released: “Valero enters anti-trust battle with California Attorney General over terminal …” on July 13, 2017, also Nasdaq.com with their article: “Is Valero Energy (VLO) a Great Stock for Value Investors?” published on July 11, 2017, Seekingalpha.com published: “Valero: A Simple, Smart Buy” on June 23, 2017. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Seekingalpha.com and their article: “Valero – Incredibly Undervalued Refiner” published on July 03, 2017 as well as Nasdaq.com‘s news article titled: “Valero Energy Corporation and Plains All American Pipeline, LP Plan to …” with publication date: July 12, 2017.

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