Barclays Reaffirms Their Buy Rating on Valero Energy (VLO)
In a report released today, Theresa Chen from Barclays maintained a Buy rating on Valero Energy (VLO – Research Report), with a price target of $140.00. The company’s shares closed yesterday at $121.74.
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Chen covers the Energy sector, focusing on stocks such as Oneok, TC Energy, and Valero Energy. According to TipRanks, Chen has an average return of 17.2% and a 72.43% success rate on recommended stocks.
Valero Energy has an analyst consensus of Strong Buy, with a price target consensus of $153.58, which is a 26.15% upside from current levels. In a report released on December 16, Mizuho Securities also maintained a Buy rating on the stock with a $165.00 price target.
VLO market cap is currently $38.54B and has a P/E ratio of 10.92.
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Valero Energy (VLO) Company Description:
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.