Credit Suisse Reaffirms Their Hold Rating on Valero Energy Corp

By Jason Carr

Credit Suisse analyst Edward Westlake maintained a Hold rating on Valero Energy Corp (NYSE: VLO) yesterday and set a price target of $65. The company’s shares opened today at $65.30.

According to TipRanks.com, Westlake is a 4-star analyst with an average return of 5.9% and a 50.3% success rate. Westlake covers the Basic Materials sector, focusing on stocks such as Oil States International, Continental Resources, and TerraVia Holdings Inc.

Valero Energy Corp has an analyst consensus of Moderate Buy, with a price target consensus of $70.25.

The company has a one year high of $71.40 and a one year low of $46.88. Currently, Valero Energy Corp has an average volume of 4.14M.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock. Last month, Lane Riggs, the EVP of VLO sold 31,522 shares for a total of $2,053,658.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the Refining and Ethanol segments. The Refining segment includes refining operations, associated marketing activities, and logistics assets that support its refining operations. The Ethanol segment includes its ethanol operations, associated marketing activities, and logistics assets that support its ethanol operations. The company was founded on January 1, 1980 and is headquartered in San Antonio, TX.