Valero Energy (VLO) Receives a Buy from UBS

In a report released today, Manav Gupta from UBS maintained a Buy rating on Valero Energy, with a price target of $280.00.

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According to TipRanks, Gupta is a 5-star analyst with an average return of 17.4% and a 70.13% success rate. Gupta covers the Energy sector, focusing on stocks such as Exxon Mobil, Imperial Oil, and Valero Energy.

In addition to UBS, Valero Energy also received a Buy from TipRanks – xAI’s xAi Oil and Gas Refining and Marketing in a report issued today. However, on the same day, Morgan Stanley assigned a Hold rating to 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.