Valero Energy Corp Got Some Good News

By Carrie Williams

In a report released today, Corey Goldman from Jefferies upgraded Valero Energy Corp (NYSE: VLO) to Buy. The company’s shares closed yesterday at $64.68.

According to TipRanks.com, Goldman is a 3-star analyst with an average return of 8.2% and a 73.1% success rate. Goldman covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Valero Energy Partners, and Phillips 66 Partners.

Currently, the analyst consensus on Valero Energy Corp is Strong Buy and the average price target is $70.67, representing a 9.3% upside.

In a report issued on June 15, RBC Capital also reiterated a Buy rating on the stock with a $77 price target.

Valero Energy Corp’s market cap is currently $28.92B and has a P/E ratio of 14.22. The company has a book value ratio of 1.4589.

Based on the recent corporate insider activity of 41 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.