Valero Energy Corp (VLO) was Upgraded to a Buy Rating at Standpoint Research


Standpoint Research analyst Ronnie Moas upgraded Valero Energy Corp (NYSE: VLO) to Buy on October 12. The company’s shares closed on Friday at $108.25.

According to TipRanks.com, Moas is a 5-star analyst with an average return of 5.7% and a 68.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as Ultra Clean Holdings, Tower Semiconductor, and Spirit AeroSystems.

Valero Energy Corp has an analyst consensus of Strong Buy, with a price target consensus of $139.50, a 28.9% upside from current levels. In a report issued on October 12, Morgan Stanley also maintained a Buy rating on the stock with a $145 price target.

.

See today’s analyst top recommended stocks >>

Based on Valero Energy Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $31.02 billion and net profit of $845 million. In comparison, last year the company earned revenue of $23.56 billion and had a net profit of $841 million.

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 following business segments: Refining, Ethanol, and VLP. The Refining segment includes refining operations, associated marketing activities, and logistics assets that support its refining operations.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts