What Do Analysts Recommend for Valero after 2Q16 Earnings?

Nine out of ten companies surveyed rated Valero (VLO) a “buy,” “overweight,” or “outperform.” The highest and lowest 12-month price targets on VLO stand at $73 and $48, indicating a 38% rise and 9% fall from current levels, respectively. None of the analysts surveyed gave VLO a “sell” rating. The average target price of $62 on VLO implies a 17% gain.

VLO’s peers Marathon Petroleum (MPC), PBF Energy (PBF), and CVR Refining (CVRR) have “buy” ratings from 68%, 47%, and 11%, respectively, of analysts surveyed. The PowerShares Dynamic Large Cap Value ETF (PWV) has ~5% exposure to energy sector stocks.