Valero Energy (NYSE:VLO) Buy Rating Reconfirmed Today By Citigroup; The Price Objective is Set to $68

July 18, 2017 - By Clifton Ray

 Valero Energy (NYSE:VLO) Buy Rating Reconfirmed Today By Citigroup; The Price Objective is Set to $68

Investors sentiment increased to 1.06 in 2016 Q4. 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.

Pictet Asset Mgmt Limited has invested 0.07% in Valero Energy Corporation (NYSE:VLO). Moreover, Zebra Capital Mgmt Ltd Liability Corporation has 0.34% invested in Valero Energy Corporation (NYSE:VLO) for 16,506 shares. Ingalls & Snyder Ltd Llc invested 0.01% of its portfolio in Valero Energy Corporation (NYSE:VLO). Corecommodity Management Ltd Liability Co accumulated 1.37% or 22,823 shares. Marco Inv Management Lc accumulated 0.05% or 4,200 shares. Aqr Cap Mgmt Lc holds 4.54M shares. Wealthtrust has 1,006 shares. Public Sector Pension Board holds 0.07% or 100,089 shares in its portfolio. 101,826 are held by Agf Invs. Retail Bank reported 1.12% stake. Private Mgmt owns 834,238 shares. Hennessy has invested 0.13% in Valero Energy Corporation (NYSE:VLO). Blackrock Institutional Tru Na stated it has 13.02 million shares. Kistler holds 0% or 125 shares. Focused Wealth Mngmt Inc stated it has 0.15% of its portfolio in Valero Energy Corporation (NYSE:VLO).

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

Valero Energy (NYSE:VLO) Rating Reaffirmed

Citigroup now has a $68 PT on the $29.89B market cap company or 0.85 % upside potential. In an analyst report shared with investors and clients on Monday, 17 July, Valero Energy (NYSE:VLO) shares have had their Buy Rating reiterated by investment analysts at Citigroup.

Investors sentiment increased to 1.06 in 2016 Q4. 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.

Pictet Asset Mgmt Limited has invested 0.07% in Valero Energy Corporation (NYSE:VLO). Moreover, Zebra Capital Mgmt Ltd Liability Corporation has 0.34% invested in Valero Energy Corporation (NYSE:VLO) for 16,506 shares. Ingalls & Snyder Ltd Llc invested 0.01% of its portfolio in Valero Energy Corporation (NYSE:VLO). Corecommodity Management Ltd Liability Co accumulated 1.37% or 22,823 shares. Marco Inv Management Lc accumulated 0.05% or 4,200 shares. Aqr Cap Mgmt Lc holds 4.54M shares. Wealthtrust has 1,006 shares. Public Sector Pension Board holds 0.07% or 100,089 shares in its portfolio. 101,826 are held by Agf Invs. Retail Bank reported 1.12% stake. Private Mgmt owns 834,238 shares. Hennessy has invested 0.13% in Valero Energy Corporation (NYSE:VLO). Blackrock Institutional Tru Na stated it has 13.02 million shares. Kistler holds 0% or 125 shares. Focused Wealth Mngmt Inc stated it has 0.15% of its portfolio in Valero Energy Corporation (NYSE:VLO).

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

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. Citigroup maintained it with “Buy” rating and $61 target in Wednesday, October 19 report. Argus Research upgraded it to “Buy” rating and $78 target in Wednesday, December 16 report. Tudor Pickering upgraded the shares of VLO in report on Wednesday, November 16 to “Buy” rating. As per Thursday, June 22, the company rating was upgraded by Jefferies. The stock of Valero Energy Corporation (NYSE:VLO) has “Neutral” rating given on Monday, April 11 by Credit Suisse. The stock has “Hold” rating by Jefferies on Thursday, January 12. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, April 26 report. Citigroup maintained Valero Energy Corporation (NYSE:VLO) on Monday, July 17 with “Buy” rating. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, May 16. Standpoint Research initiated it with “Accumulate” rating and $84 target in Friday, June 30 report.

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.

Wall Street await Valero Energy Corporation (NYSE:VLO) to release earnings on July, 25. Analysts forecast earnings per share of $1.41, up exactly $0.34 or 31.78 % from 2014’s $1.07 EPS. The expected VLO’s profit could reach $625.02 million giving the stock 11.96 P/E in the case that $1.41 earnings per share is reported. After posting $0.68 EPS for the previous quarter, Valero Energy Corporation’s analysts now forecast 107.35 % EPS growth.

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

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