In a report issued on July 29, T J Schultz from RBC Capital maintained a Buy rating on Valero Energy (VLO – Research Report), with a price target of $143.00. The company’s shares closed last Monday at $110.65.
According to TipRanks.com, Schultz is a top 25 analyst with an average return of 18.8% and a 69.0% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Equitrans Midstream, and Rattler Midstream.
Valero Energy has an analyst consensus of Moderate Buy, with a price target consensus of $142.31, a 30.5% upside from current levels. In a report issued on July 15, Morgan Stanley also maintained a Buy rating on the stock with a $140.00 price target.
Valero Energy’s market cap is currently $45.2B and has a P/E ratio of 6.37.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VLO in relation to earlier this year. Most recently, in May 2022, Lane Riggs, the President & COO of VLO sold 17,767 shares for a total of $2,336,894.
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.
Founded in 1980, Texas-based Valero Energy Corp. manufactures and markets transportation fuels and other petrochemical products. The company operates through three business segments: Refining, Ethanol and Renewable Diesel.
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