Breaking Finance News

Goldman Sachs downgraded Valero Energy (NYSE:VLO) from Buy to Neutral in a report released today.

Yesterday Valero Energy (NYSE:VLO) traded -0.26% lower at $65.55. The company’s 50-day moving average is $65.48 and its 200-day moving average is $65.57. The last stock close price is down -0.03% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same period. Volume of trade was down over the average, with 3,297,606 shares of VLO changing hands under the typical 4,327,330

Goldman Sachs has downgraded Valero Energy (NYSE:VLO) from Buy to Neutral in a report released on 05/16/2017.

Previously on 4/26/2017, RBC Capital Markets reported about Valero Energy (NYSE:VLO) raised the target price from $77.00 to $78.00. At the time, this indicated a possible upside of 0.19%.

Performance Chart

Valero Energy (NYSE:VLO)

With a total market value of $0, Valero Energy has price-earnings ratio of 14.33 with a one year low of $46.88 and a one year high of $71.40 .

A total of 15 analysts have released a report on Valero Energy. Five analysts rating the company a strong buy, ten analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $73.20.

More About Valero Energy (NYSE:VLO)

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company's segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations. The Company owns logistics assets (crude oil pipelines, refined petroleum product pipelines, terminals, tanks, marine docks, truck rack bays and other assets) that support its refining operations. Some of these assets are owned by VLP, which is a midstream master limited partnership owned by the Company. VLP's assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions. Its refineries produce conventional gasolines, premium gasolines and lubricants, among others.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.