Evercore ISI Remains a Hold on Valero Energy (VLO)
In a report released today, Stephen Richardson from Evercore ISI maintained a Hold rating on Valero Energy, with a price target of $250.00.
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Richardson covers the Energy sector, focusing on stocks such as BP, Baker Hughes Company, and EQT. According to TipRanks, Richardson has an average return of 11.7% and a 64.17% success rate on recommended stocks.
In addition to Evercore ISI, Valero Energy also received a Hold from TD Cowen’s Jason Gabelman in a report issued today. However, on the same day, BMO Capital maintained a Buy rating on Valero Energy (NYSE: VLO).
Based on Valero Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $31.73 billion and a net profit of $1.13 billion. In comparison, last year the company earned a revenue of $30.76 billion and had a net profit of $281 million
Based on the recent corporate insider activity of 32 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.
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