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Piper Sandler Sticks to Its Buy Rating for Valero Energy (VLO)

Tipranks - Tipranks - Sat Aug 1, 6:30AM CDT

Piper Sandler analyst John Royall maintained a Buy rating on Valero Energy today and set a price target of $329.00.

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According to TipRanks, Royall is a 4-star analyst with an average return of 10.3% and a 57.65% success rate. Royall covers the Energy sector, focusing on stocks such as BP, Exxon Mobil, and Marathon Petroleum.

In addition to Piper Sandler, Valero Energy also received a Buy from Barclays’s Theresa Chen in a report issued today. However, yesterday, Bank of America Securities reiterated a Hold rating on Valero Energy (NYSE: VLO).

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Based on Valero Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $32.38 billion and a net profit of $1.26 billion. In comparison, last year the company earned a revenue of $30.26 billion and had a GAAP net loss of $595 million

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