Valero Energy Rating Reiterated by TheStreet (VLO)

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http://www.americanbankingnews.com/getthestreet reiterated their buy rating on shares of Valero Energy (NYSE: VLO) in a research report sent to investors on Monday morning.

“Valero Energy Corporation (VLO) has been reiterated by TheStreet Ratings as a buy with a ratings score of A . The company’s strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”

,” the firm’s analyst wrote.

Shares of Valero Energy (NYSE: VLO) traded down 0.20% during mid-day trading on Monday, hitting $44.13. Valero Energy has a 52 week low of $20.00 and a 52 week high of $48.97. The stock’s 50-day moving average is currently $45.52. The company has a market cap of $24.401 billion and a P/E ratio of 11.79.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Valero Energy from $70.00 to $75.00 in a research note to investors on Friday, March 15th. They now have an overweight rating on the stock. Separately, analysts at Macquarie downgraded shares of Valero Energy from an outperform rating to a neutral rating in a research note to investors on Wednesday, March 13th. Finally, analysts at Oppenheimer reiterated an outperform rating on shares of Valero Energy in a research note to investors on Tuesday, February 26th. They now have a $55.00 price target on the stock.

Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $47.77.

Valero Energy Corporation (NYSE: VLO) is an independent petroleum refining and marketing company. Valero’s refineries can produce conventional gasoline’s, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending and reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board, a diesel fuel, and low-sulfur and ultra-low-sulfur diesel fuel.

To view TheStreet’s full report, visit www.thestreetratings.com

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