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Why Valero Energy's Stock Is Trading Lower Today

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Why Valero Energy's Stock Is Trading Lower Today

Valero Energy Corporation (NYSE: VLO) shares are trading lower on Wednesday after Goldman Sachs downgraded the stock from Buy to Neutral and announced a price target of $68 per share.

Valero Energy is one of the largest independent refiners in the U.S. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the U.S., Canada, and the U.K.

Valero also owns 14 ethanol plants with a capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.

Valero Energy shares were trading down 4.13% at $63.43 at time of publication on Wednesday. The stock has a 52-week high of $101.99 and a 52-week low of $31.

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Latest Ratings for VLO

DateFirmActionFromTo
Dec 2020Morgan StanleyUpgradesEqual-WeightOverweight
Nov 2020Raymond JamesMaintainsOutperform
Oct 2020Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for VLO
View the Latest Analyst Ratings

 

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