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Why Valero Energy's Stock Is Trading Lower Today

Tanzeel Akhtar
·1 min read

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

Date

Firm

Action

From

To

Jun 2020

Goldman Sachs

Downgrades

Buy

Neutral

May 2020

JP Morgan

Maintains

Overweight

May 2020

Morgan Stanley

Maintains

Overweight

View More Analyst Ratings for VLO
View the Latest Analyst Ratings

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