Valero Energy Corporation (VLO) : Traders are bullish on Valero Energy Corporation (VLO) as it has outperformed the S&P 500 by a wide margin of 9.48% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.93%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.9% in the last 1 week, and is up 9.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Valero Energy Corporation has dropped 0.17% during the last 3-month period . Year-to-Date the stock performance stands at -19.98%. The stock has recorded a 20-day Moving Average of 3.9% and the 50-Day Moving Average is 6.82%.
Valero Energy Corporation (NYSE:VLO): The stock opened at $54.66 on Friday but the bulls could not build on the opening and the stock topped out at $55.19 for the day. The stock traded down to $54.35 during the day, due to lack of any buying support eventually closed down at $54.82 with a loss of -0.44% for the day. The stock had closed at $55.06 on the previous day. The total traded volume was 3,976,627 shares.
Also, JP Morgan maintains its rating on Valero Energy Corporation (NYSE:VLO). The global brokerage major lowers the current price target from $57 per share to $59 per share. Analysts at the JP Morgan have a current rating of Overweight on the shares. The rating by the firm was issued on June 10, 2016.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Companys refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.