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 9.37% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.9%, 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 2.33% in the last 1 week, and is up 12.09% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Valero Energy Corporation (NYSE:VLO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.27 and $53.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.50, notching a gain of 0.32% for the day. The total traded volume was 8,010,346 . The stock had closed at $53.33 on the previous day.
The stock has recorded a 20-day Moving Average of 5.04% and the 50-Day Moving Average is 2.95%. Valero Energy Corporation has dropped 2.32% during the last 3-month period . Year-to-Date the stock performance stands at -22.77%.
Valero Energy Corporation (VLO) : 10 Wall Street analysts covering Valero Energy Corporation (VLO) believe that the average level the stock could reach for the short term is $64.1. The maximum price target given is $73 and the minimum target for short term is around $47, hence the standard deviation is calculated at $8.03.
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.