- 26 Oct '17 at 2:54 pm #12953
[article]324[/article]26 Oct '17 at 4:03 pm #12955MoneyNeverSleepsParticipant
Strong report despite Harvey and big revenue beat – I would think a lot of that is the gasoline spike after Harvey with stock on hand and derivatives.24 Jan '18 at 10:35 pm #14625
Valero Energy maintained as Neutral with price target raised to $96 from $76 at Citigroup after $VLO announced a stock buyback and dividend hike.16 Oct '18 at 7:50 pm #18589
Valero Energy Corp. (NYSE: VLO) maintained as Buy BUT price target lowered to $132 from $134 at Citigroup. It closed at $103.79 ahead of the note. 52-week trading range is $75.84 to $126.98.17 Jun '20 at 6:18 pm #23938
Valero Energy Corp. (NYSE: VLO) was downgraded to Neutral from Buy at Goldman Sachs.
Goldman Sachs analyst Neil Mehta downgraded Valero to Neutral from Buy with an unchanged $68 price target after the stock’s relative outperformance compared to XLE ETF and his refining coverage names. The analyst notes that he remains positive on the company’s renewable diesel business, capital allocation strategy, and management team, but now sees its valuation better reflecting Valero’s mid-cycle earnings power. Mehta further cites his concerns with “crude feedstock economics” as OPEC+ cuts keep waterborne crude supply tight.
Shares closed up 4% at $66.1627 Sep '21 at 10:02 pm #27199TradersComKeymaster
Valero (VLO 70.73, +3.10, +4.6%): rising for the fifth consecutive day past its 200-day moving average (69.58).
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