Valero Energy (VLO) Received its Third Buy in a Row

By Jason Carr

After Wells Fargo and RBC Capital gave Valero Energy (NYSE: VLO) a Buy rating last month, the company received another Buy, this time from Raymond James. Analyst Justin Jenkins maintained a Buy rating on Valero Energy today and set a price target of $64.00. The company’s shares closed last Monday at $55.57.

According to, Jenkins is a 3-star analyst with an average return of 0.7% and a 58.4% success rate. Jenkins covers the Services sector, focusing on stocks such as Enterprise Products Partners, Dcp Midstream Partners, and Holly Energy Partners.

Currently, the analyst consensus on Valero Energy is a Strong Buy with an average price target of $72.33, a 37.6% upside from current levels. In a report issued on April 16, Wells Fargo also maintained a Buy rating on the stock with a $65.00 price target.

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The company has a one-year high of $101.99 and a one-year low of $31.00. Currently, Valero Energy has an average volume of 6.02M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VLO in relation to earlier this year.

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Valero Energy Corp. engages in the manufacture and marketing of transportation fuels and other petrochemical products. It operates through the following business segments: Refining, Ethanol and Renewable Diesel. The Refining segment comprises of 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 Renewable Diesel covers the operations of Diamond Green Diesel Holdings LLC. The company was founded on January 1, 1980 and is headquartered in San Antonio, TX.