Wells Fargo analyst Roger Read maintained a Buy rating on Valero Energy (VLO) yesterday. The company’s shares closed last Tuesday at $57.48.
According to TipRanks.com, Read is a 3-star analyst with an average return of 3.1% and a 54.2% success rate. Read covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Royal Dutch Shell A, and Royal Dutch Shell B.
Currently, the analyst consensus on Valero Energy is a Strong Buy with an average price target of $58.88, which is a 3.0% upside from current levels. In a report issued on December 1, Barclays also maintained a Buy rating on the stock with a $65.00 price target.
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Valero Energy’s market cap is currently $24.07B and has a P/E ratio of -1180.60. The company has a Price to Book ratio of 1.25.
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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.
