Valero Energy Corporation (NYSE:VLO) Stock Gains

756

Dallas, Texas 05/20/2014 (FINANCIALSTRENDS) – Valero Energy Corporation (NYSE:VLO) has announced that the company’s CEO and President , Joe Gorder, will now present at- UBS Global Oil & Gas Conference on 21 May. In separate news VLO’s Director Susan Kaufman Purcell offloaded 4,000 shares of the company stock in the transaction that was dated 15 May. These shares were sold-off at the average-price of $55.77, and the total value of the transaction was $223,080.00. Post this sale, Kaufman Purcell now directly-owns 7,428 shares of VLO stock, which is valued at around $414,260. This transaction was disclosed in a filing with the SEC.

Earnings report

Valero Energy last released the company’s earnings data on April 29th. It reported earnings per share of $1.54 for the quarter, which topped the average analyst projection of $1.41 by $0.13. Valero Energy Corporation (NYSE:VLO) reported revenue of $33.66B for the quarter, in comparison to the average projection of $32.24B. In the same quarter of the previous year, VLO, posted earnings per share of $1.18. The company’s revenue rose by 6% in comparison to the same quarter of the previous year. Analysts now project that he company will post earnings per share of $6.57 for the current financial year.

Analyst speak

Recently, many analysts have commented on the company shares. BofA Merrill Lynch analysts have downgraded the company shares from a rating of “buy” to a rating of “neutral” in the research note to investors. They currently have a PT of $63.00 on the stock. Analysts at the Oppenheimer firm have upgraded the company shares from a rating of “market perform” to an “outperform” rating in the research note on May 6th. They currently have a price target of $70.00 on the stock. Six research-analysts have now rated the company stock with a “hold” rating and 12 have set a rating of “buy” to the company stock. Currently, the average rating on the stock is a “buy” and the average PT $60.00.

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