Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.06
    +1.71 (+2.10%)
     
  • Gold

    2,240.60
    +27.90 (+1.26%)
     
  • Silver

    24.98
    +0.22 (+0.90%)
     
  • EUR/USD

    1.0791
    -0.0039 (-0.36%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2624
    -0.0015 (-0.11%)
     
  • USD/JPY

    151.3800
    +0.1340 (+0.09%)
     
  • Bitcoin USD

    70,659.27
    +1,716.55 (+2.49%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

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.

Related Links:

BP Cuts 10K Jobs As Coronavirus Hits Oil Demand

USO Tanks After Oil ETF's Temporary Trading Halt

Latest Ratings for VLO

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

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement