VLO - Valero Energy Corporation

NYSE - NYSE Delayed Price. Currency in USD
83.55
-0.05 (-0.06%)
At close: 4:00PM EDT

84.39 +0.84 (1.01%)
After hours: 7:57PM EDT

Stock chart is not supported by your current browser
Previous Close83.60
Open84.32
Bid83.55 x 1300
Ask84.07 x 1000
Day's Range83.33 - 84.70
52 Week Range68.81 - 120.72
Volume2,252,992
Avg. Volume3,307,217
Market Cap34.623B
Beta (3Y Monthly)1.74
PE Ratio (TTM)13.72
EPS (TTM)6.09
Earnings DateOct 24, 2019
Forward Dividend & Yield3.60 (4.31%)
Ex-Dividend Date2019-08-05
1y Target Est100.17
Trade prices are not sourced from all markets
  • Bloomberg

    Texas Coast Reels From Flooding That Echoes Hurricane Harvey

    (Bloomberg) -- The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies, and threatening hospitals and refineries.More than three feet of rain has drenched the region, flooding roads and shutting schools, manufacturing plants and tourist sites, along with key oil pipelines and terminals in an area that serves as America’s energy hub. Exxon Mobil Corp. shut its Beaumont chemical plant, while Valero Energy Corp. and Total SA cut rates at nearby refineries.The downpour has been non-stop for three days, reviving memories of Hurricane Harvey’s historic week-long deluge in 2017. The Gulf Coast has been prone to widespread, damaging flooding, with a dozen instances since 2015, according to the Weather Research Center. On Thursday, Texas Governor Greg Abbott declared a “state of disaster” for the region.“The amount of rainfall will rival records set during Hurricane Harvey, which makes this the second 500-year rainfall within two years,” said Chief Executive Officer Joel N. Myers, of AccuWeather Inc.A 20-year-old man was killed by lightning early Thursday as he and his father tried to rescue a horse from high water in a rural area east of Houston, said Allison Getz, a spokeswoman for Jefferson County Emergency Management.Flash flooding and tornadoes menaced Houston’s northern suburbs Thursday, halting flights into George Bush International Airport and prompting city leaders to urge residents to stay off the roads. About 80,000 homes and businesses lost power, according to utility websites, and the airport won’t reopen until Friday afternoon, the Federal Aviation Administration said.In the refining center of Beaumont, 80 miles east of Houston, both city hospitals were surrounded by flooding, and emergency responders were aiding in “hundreds” of road rescues, said Carol Riley, an emergency services spokeswoman. Dozens had been rescued by Thursday afternoon, with others still stranded, she said.“We are asking people that if they have a couple of inches of water in their homes, they should stay where they are,” Riley said by telephone. “We’d much rather they stay in a place they know is safe than to put themselves in danger.”Exxon told non-essential workers at its Beaumont chemical plant and adjacent oil refinery to go home or stay at home because of the high water, people familiar with the matter said. Interstate 10 was submerged and shut to traffic in two counties east of Houston, according to the Texas Department of Transportation.On the energy side, Phillips 66 and Energy Transfer crude terminals, with a combined storage capacity of almost 40 million barrels, were also closed, as was TC Energy’s Marketlink pipeline that shuttles crude stored at a vital Oklahoma storage hub to Gulf Coast refiners. The Energy Transfer installation reopened later Thursday.The Bayou Bridge pipeline owned by Energy Transfer and Phillips 66, which carries crude across Louisiana, also was idled while shipments on the Sabine-Neches waterway, which connects East Texas terminals and refineries with the Gulf of Mexico, were paused until 5 p.m. local time.The Neches River at Beaumont surpassed flood stage Thursday morning and may reach levels not seen since Tropical Storm Allison in 2001 that killed dozens of people, according to the National Weather Service office in Lake Charles, Louisiana. In Houston, all public transit has been suspended.In 2017, Hurricane Harvey paralyzed Houston with about 40,000 people forced out of their homes by flooding and 30,000 water rescues occurring during the storm. A record 60.6 inches (153.9 centimeters) fell near Nederland, Texas, about 90 miles east of Houston.The six-month hurricane season, which ends Nov. 30, is in its most active phase, likely lasting through early October. Imelda was the ninth named storm this season.(Updates Sabine-Neches waterway status in 11th paragraph)\--With assistance from Barbara Powell, Christopher Martin, Sheela Tobben, Catherine Ngai, David Marino and Robert Tuttle.To contact the reporters on this story: Jeffrey Bair in Houston at jbair4@bloomberg.net;Brian K. Sullivan in Boston at bsullivan10@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, ;Tina Davis at tinadavis@bloomberg.net, Catherine Traywick, Mike JeffersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Valero Energy (VLO) Stock Moves -0.06%: What You Should Know
    Zacks

    Valero Energy (VLO) Stock Moves -0.06%: What You Should Know

    Valero Energy (VLO) closed the most recent trading day at $83.55, moving -0.06% from the previous trading session.

  • Crude Prices Drop Amid Surprise Growth in U.S. Stockpiles
    Zacks

    Crude Prices Drop Amid Surprise Growth in U.S. Stockpiles

    Crude traded below $60 a barrel as investors also weighed the prospect of an earlier-than-expected recovery in state-run Saudi Aramco's affected production.

  • Plaintiffs' lawyer suggests Valero sold bad fuel to hundreds of ships
    American City Business Journals

    Plaintiffs' lawyer suggests Valero sold bad fuel to hundreds of ships

    An attorney representing a ship operator suing Valero Energy Corp. told a judge that the San Antonio-based refiner may be responsible for damage to hundreds of ships that received contaminated bunker fuel.

  • Volatile Refining Stocks, Cracks, and SPY in Q3
    Market Realist

    Volatile Refining Stocks, Cracks, and SPY in Q3

    Refining stocks have put up mixed performance numbers in the third quarter. Valero Energy and Marathon Petroleum have fallen 1.5% and 4.4%, respectively.

  • 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy
    InvestorPlace

    3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy

    After a lethargic start, some encouraging commentary on the future of international trade lifted stocks out of the doldrums on Tuesday. The S&P 500 ended the day at 3,005.7, up 0.26%, though the gain was made on light volume.Source: Shutterstock Snap (NYSE:SNAP) was one of the key drivers of that progress. The Snapchat parent's stock jumped nearly 7% after Susquehanna analyst Shyam Patil upped his stance on the company from "Negative" to "Neutral." A much bigger Corning (NYSE:GLW), however, was one of the key reasons the broad market didn't fare better. Shares of the industrial tech outfit fell more than 6% after lowering its sales guidance for the quarter now underway. * 10 Recession-Resistant Services Stocks to Buy As for the names worth a closer look headed into Wednesday's session, however, the stock charts of Global Payments (NYSE:GPN), Valero Energy (NYSE:VLO) and Discovery (NASDAQ:DISCA) stand out. Here's what's most interesting about each.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Discovery (DISCA)With nothing more than just a quick glance, Discovery shares look like they're trapped in a choppy, sideways range. And, perhaps that's all it is. A more critical and longer-term look at the action that has taken shape over the course of the past couple of years, however, suggests DISCA stock is alarmingly vulnerable to more downside. It just needs one more good nudge to push it over the edge of that cliff. * Click to EnlargeIt's subtle, but it's too reliable to ignore now. That is, the 200-day moving average line plotted in white on both stock charts has been a key support and resistance level. Last week, it was major resistance. * Zooming out to the weekly chart we can see a glimpse of a head-and-shoulder pattern, with a neckline that was broken in the middle of last month. Once the neckline is broken, the stock in question should theoretically fall the same distance between the neckline and the top of the head. * The last bastion of hope for the bulls is that the recent floor around $26.16, plotted in yellow on the daily chart, continues to hold up as support. Global Payments (GPN)It was news that sparked the volatility in shares of Global Payments yesterday. The European Union has given permission to the payments middleman to acquire Total System Services (NYSE:TSS). As such, some traders expect Tuesday's volatility will have passed by Wednesday. And, perhaps it will.Sometimes, however, it's news that triggers a pent-up technical move that's simply waiting on the right catalyst. If that's the case here for GPN, traders may want to brace for a sizeable pullback. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe shape of the bar itself is key. Despite a decent start and an early move to a big gain, by the time the closing bell rang, the stock was below Monday's low. This "outside day" reversal suggests a sweeping change of heart often seen at major pivot points. * Yesterday's volume spike also suggests a transition from a net-buying to a net-selling environment. * The weekly chart's RSI line illustrates just how overbought Global Payments was, and still is. That same chart also underscores how important the 100-day moving average line, marked in gray on both stock charts, is as a technical floor. Valero Energy (VLO)Finally, topping with an energy stock right now can be a tricky game. Aside from being something of a political pawn and clearly subject to even threats of disruption, the true depth of global demand is fuzzy as the world works towards alternative energy sources.To the extent one can trust the chart of any oil and gas name at this time though, Valero Energy is dropping some interesting hints. One more bullish "oomph" could get shares up and over a recently developed hurdle and start a major recovery of last year's major meltdown. * Click to EnlargeThe hurdle in question is the line that connects all the recent peaks since the beginning of July, marked in red on both stock charts. * Fueling the range-bound action that set up this consolidation is a floor that not only connects the key lows since late last year, but extends back to early 2018. It's marked in yellow on both stock charts. * Tilting the scales in a bullish direction is the way the moving average lines have converged after a wide divergence. If history repeats itself, they'll start to diverge again, starting with the purple 50-day moving average line's cross above the white 200-day line … a so-called "golden cross" that often portends prolonged bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy appeared first on InvestorPlace.

  • Valero Stock: Should Investors Place Bets Now?
    Market Realist

    Valero Stock: Should Investors Place Bets Now?

    Valero Energy (VLO) stock rose about 2.37% in today’s trading session as of 11:47 AM EDT. VLO fell about 3.67% on Monday and closed at $82.39.

  • Moody's

    Trafigura Securitisation Finance PLC -- Moody's: Trafigura Securitisation Finance PLC ratings unaffected by proposed amendment

    Moody's Investors Service ("Moody's") announced today that the proposed changes by Trafigura Securitisation Finance PLC will not, in and of itself and at this time, cause the current Moody's ratings of the debt issued by the Issuer to be reduced or withdrawn.

  • GuruFocus.com

    Major Stock Indexes in Red Monday

    New Relic shares fall on updated outlook, management changes Continue reading...

  • Barrons.com

    The S&P 500’s 12 Best Performers Are Oil Stocks. Its Worst One Is Too.

    The attack on Saudi Arabia’s oil infrastructure has caused oil prices to spike and oil stocks to soar. It is no surprise, then, that the 12 best performing stocks come from the energy sector. What is surprising: The worst performer, Valero Energy, is too.

  • Moody's

    Valero Energy Partners LP -- Moody's announces completion of a periodic review of ratings of Valero Energy Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Valero Energy Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • U.S. Biofuels Policy: Oil & Corn Industries Fight It Out
    Zacks

    U.S. Biofuels Policy: Oil & Corn Industries Fight It Out

    Farm groups and ethanol organizations are angered by the sharp increase in exemptions provided by the Andrew Wheeler-led Environmental Protection Agency to the oil refiners.

  • Bloomberg

    White House Plans Biofuel Quota Boost to Offset Refinery Waivers

    (Bloomberg) -- President Donald Trump has tentatively agreed to a plan for bolstering ethanol and biodiesel, amid pressure from Midwest U.S. senators who warned that without action he risks votes in next year’s election.The blueprint discussed in a Wednesday meeting at the White House calls for the administration to begin offsetting Environmental Protection Agency exemptions waiving some oil refineries from annual blending requirements starting in 2020. That comes on top of other concessions that administration officials had already developed with the aim of encouraging greater U.S. demand for ethanol made from corn.The draft plan was described by people familiar with the matter who asked for anonymity because the deliberations are private. The deal could still unravel, as oil companies and allied senators seek to influence the final outcome and administration officials work to translate broad commitments into formal regulations.Green Plains Inc., a U.S. ethanol producer, tempered its losses after Bloomberg reported the White House deliberations. The shares fell as much as 4.9%, to $10.36, before recovering to $10.79 as of 2:48 p.m. in New York. Renewable Energy Group Inc., one of the largest U.S. biodiesel producers, erased earlier losses, gaining 3.5% to $15.87. Pacific Ethanol Inc. also tempered an earlier decline, rising to 74.31 cents a share.Reallocating QuotasIf the deal becomes final, the EPA would begin calculating waivers into future quotas starting with the 2020 targets. The determinations would be driven by a three-year rolling average of exemptions, so the 2020 targets would reflect waivers issued in 2016, 2017 and 2018. That could raise legal hurdles for the EPA, which would be tasked with swiftly implementing it.There is a narrow window for the Trump administration to codify a package of changes. The EPA is legally required to finalize 2020 biofuel-blending targets by Nov. 30, and any new, supplementary proposal must first be submitted for public comment.The plan was hashed out on Thursday by Trump, a representative of Archer-Daniels Midland Co. and senators from corn-growing and ethanol-producing states in a meeting at the White House. Senators in the room included Chuck Grassley and Joni Ernst of Iowa, John Thune and Mike Rounds of South Dakota and Ben Sasse and Deb Fischer of Nebraska.Iowa Governor Kim Reynolds was also present.Plans DevelopedFor weeks, the Trump administration has been trying to develop a plan for quelling a backlash in the Midwest U.S. over the oil refinery waivers, amid concerns it could hurt Trump’s re-election chances in Iowa and other politically important farm states.The approach risks alienating oil refining supporters, including a group of senators that are asking Trump not to boost biofuel quotas or offset refinery waivers. The move would have the effect of putting non-exempted refineries on the hook for fulfilling waived quotas, driving “more imports of foreign biodiesel, steeper trade deficits, higher compliance costs for domestic refiners and fewer jobs in our states,” they told Trump in a letter.Executives from Valero Energy Corp. and Marathon Petroleum Corp. met with Trump earlier in the week as negotiations intensified. Republican senators, including Ted Cruz of Texas and Pat Toomey of Pennsylvania, have been seeking to press their case against the biofuel plan personally with Trump.Refinery workers and owners also have made appeals, with more than 60 refinery managers telling the president in a letter Thursday that they were “deeply concerned” the contemplated changes would hurt their industry, without benefiting American farmers.Just the prospect of a biofuel boost has driven up prices of the tradable credits refiners use to prove they have satisfied federal mandates. Renewable Identification Numbers tracking 2019 ethanol consumption quotas jumped 17% to 21 cents apiece on Friday from 18 cents on Thursday, the highest since July 29, according to broker data compiled by Bloomberg. RINs tracking 2019 biodiesel targets climbed 6.3% to 51 cents each, the highest since Feb. 28.(Updates with details on deal, RINs movement from second paragraph.)To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Mario Parker in Chicago at mparker22@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Big Biofuels Issue: Trump Meets with Refiners, Senators
    Market Realist

    Big Biofuels Issue: Trump Meets with Refiners, Senators

    In a bid to find a solution to the biofuels issue, President Trump met with the CEOs of several refiners as well as senators from the major farming states.

  • The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero
    Zacks

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero

    The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Royal Dutch Shell and Valero

  • Reuters

    UPDATE 2-Trump meets with senators from key farm states, touts biofuel deal progress

    U.S. President Donald Trump said the administration has made progress on a biofuel reform package after he met with U.S. senators from key farm states on Thursday as part of an ongoing effort to boost ethanol demand and help hard-hit corn farmers. Trump met with a group of corn-state Republican lawmakers that included Iowa senators Joni Ernst and Chuck Grassley on Thursday afternoon, four sources familiar with the matter said. Iowa Governor Kim Reynolds also attended the meeting, two of the sources said.

  • Bloomberg

    Trump Meets With Oil Refining Executives Amid Talks on Biofuel

    (Bloomberg) -- President Donald Trump met Wednesday with the heads of two of the nation’s largest refiners as he seeks a deal that would boost corn-based ethanol and soy-based biodiesel without alienating oil companies required to use the products.Trump met with Marathon Petroleum Corp. chief executive Gary Heminger; Valero Energy Corp. chief executive Joe Gorder; and Harold Hamm, the founder of Continental Resources Inc., according to people familiar with the matter who asked not to be named describing private discussions. Although Hamm’s Continental is an oil producer without direct involvement in U.S. biofuel mandates, the president has long tapped the billionaire oilman’s energy expertise.White House officials are set to meet Thursday with senators from corn- and ethanol-producing states, amid deep anger in the Midwest U.S. over the Environmental Protection Agency’s decision waive some oil refineries from annual blending quotas.Administration officials have spent weeks trying to develop a suite of pro-ethanol and pro-biodiesel policy changes that would temper the angst in Iowa and other politically important Midwest U.S. states. But they’re trying to do it without prompting a backlash in the Rust Belt, even as oil industry workers and labor unions demonstrated their opposition with a rally in Toledo, Ohio, on Thursday.Ethanol manufacturers and Iowa politicians have been cool to a drafted White House plan that would give a 5% boost to biofuel-blending requirements in 2020 and are asking the administration to do more to formally account for refinery exemptions as part of the quotas. In a separate meeting Wednesday, White House officials told biofuel producers to swiftly offer alternatives to that plan, warning that they are running out of time to make changes to proposed 2020 quotas.Refining representatives, who also met with National Economic Council staff on Wednesday, are pressing the administration to find ways to constrain the cost of tradable credits known renewable identification numbers, which are used to prove they have fulfilled biofuel-blending requirements. Although refinery exemptions have driven down the cost of those compliance credits, any move to boost future quotas threatens to propel their prices again.Some refiners are advancing a plan that would allow the EPA to sell its own compliance credits whenever those RINs prices get too high. The EPA-generated credits would not be tied to actual biofuel production or blending but revenue from their sale could be steered to building out fueling infrastructure to get more ethanol to consumers.Marathon Petroleum spokesman Jamal T. Kheiry confirmed Wednesday’s meeting, saying the company “always appreciates the opportunity to share our thoughts with elected officials on policies that can impact our business and consumers who rely on our products.”Asked about Hamm’s involvement, Kristin Thomas, a senior vice president with Continental Resources, said: “Mr. Hamm is supportive of the president and his positive impact on American energy.”Representatives for Valero did not immediately respond to requests for comment.(Updates with more details on White House meetings from third paragraph.)\--With assistance from Josh Wingrove.To contact the reporters on this story: Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.net;Mario Parker in Chicago at mparker22@bloomberg.net;Jennifer Jacobs in Washington at jjacobs68@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Refining CEOs met with Trump, seeking concessions on U.S. biofuels policy -sources

    Valero Energy CEO Joe Gorder and Marathon Petroleum CEO Gary Heminger were at the White House on Wednesday, the sources said, amid ongoing wrangling by the administration to try to find ways to satisfy warring agricultural and oil interests over biofuels. The White House is expected to meet with U.S. Senators from key farm states later on Thursday and senators representing oil-producing states on Friday, the sources said. The White House was not immediately available for comment.

  • Valero (VLO) & Darling Eye Second Renewable Diesel Facility
    Zacks

    Valero (VLO) & Darling Eye Second Renewable Diesel Facility

    Valero Energy (VLO) is expected to produce 400 million gallons of diesel per annum and 40 million gallons of renewable naphtha from the new facility in Port Arthur, TX.

  • U.S. Oil Ends Lower Even as EIA Reveals Drop in Inventories
    Zacks

    U.S. Oil Ends Lower Even as EIA Reveals Drop in Inventories

    While EIA reports the fourth straight weekly inventory decline, crude prices fall after OPEC cut its forecast for oil demand growth this year and next.

  • White House to Meet With Oil, Biofuel Makers in Bid for Deal
    Bloomberg

    White House to Meet With Oil, Biofuel Makers in Bid for Deal

    (Bloomberg) -- Trump administration officials are set to consult with oil refiners and renewable fuel producers at the White House on Wednesday, as they struggle to develop a final plan for bolstering corn-based ethanol and soy-based biodiesel.Representatives of Valero Energy Corp., PBF Energy Inc., Monroe Energy, HollyFrontier Corp., Marathon Petroleum Corp. and Phillips 66 are set to attend a meeting Wednesday afternoon, as the oil refiners warn the administration against plans to dramatically hike biofuel-blending quotas.A separate meeting with biofuel producers is set to include executives from Louis Dreyfus Co., Renewable Biofuels Inc., Ag Processing Inc. and Renewable Energy Group Inc., said people familiar with the matter, who asked not to be named discussing private negotiations. A representative of Archer-Daniels Midland Co., one of the nation’s largest ethanol manufacturers, also said the company would be at the biofuel meeting.The discussions are not expected to include industry trade associations nor influential lawmakers who have pressed President Donald Trump for biofuel policy changes since he took office. By meeting directly with company lobbyists and executives from the dueling industries, administration officials may be better able to confirm their policy demands and reach discrete agreements.Administration officials have been seeking to finalize a broad plan for boosting U.S. biofuel-blending mandates and taking other steps to propel renewable fuels made from corn and soybeans -- without major disruptions for oil refining companies. On Aug. 29, Trump promised he would soon unveil a “giant package” of biofuel changes that would make farmers “so happy.”The effort responds to a backlash in the American Midwest over the Environmental Protection Agency’s decisions to exempt oil refineries from annual requirements to use biofuel. Although federal law authorizes those waivers for small refineries facing an economic hardship from the mandates, renewable fuel supporters say the Trump administration has handed them out too freely -- dealing a blow to agricultural interests already suffering amid the trade fight with China and a tough growing season.After weeks of talks, administration officials have agreed they will not seek to rescind a batch of recently granted waivers exempting oil refineries from 2018 biofuel-blending mandates.However, they tentatively decided to begin accounting for them in 2021 blending quotas -- a move would effectively force non-exempted refineries to satisfy targets expected to be waived for other facilities. Administration officials also are considering giving a 5% boost to U.S. renewable fuel-blending quotas in 2020.Biofuel advocates -- including trade associations, ethanol producers and Midwest lawmakers -- have been cool to the plan, saying the reallocation of waived quotas should happen at least a year earlier, in 2020. That has complicated the White House’s efforts to reach a deal.The issue underscores a clash between two key Trump constituencies -- agriculture and oil -- heading into the 2020 election. Oil industry advocates and labor unions have been appealing to the White House not to alter course, arguing the hardship waivers are essential to keeping small refineries running.Refinery workers and labor groups are set to hold a rally over the issue in the battleground state of Ohio on Thursday, emphasizing that Trump’s decisions on biofuel could cost him votes in the Rust Belt -- not just the heartland.(Updates with details on meetings and strategy from second paragraph)To contact the reporters on this story: Mario Parker in Chicago at mparker22@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.net;Jennifer Jacobs in Washington at jjacobs68@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 7 Cheap Stocks to Buy in a Pricey Market
    Kiplinger

    7 Cheap Stocks to Buy in a Pricey Market

    After a bull market that's now the longest on record, you might think that nothing is cheap anymore. How one precisely defines "cheap" can vary from person to person. But for many, cheap stocks are simply those with solid fundamentals that have either been overlooked by the market or excessively knocked down by bad news.The one game you don't want to play is buying stocks just because they have fallen in price. While some may truly be great bargains, others fall for good reason. That reason can be anything from failing business models and weak management to overwhelming legal issues, changing tastes and obsolete technology.To separate the wheat from the chaff, we've asked a group of investment managers and market experts which stocks are in the "good bargain" category, which means they're down in price but still fundamentally sound and growing.Here are seven of their favorite cheap stocks to buy. Most of the names are familiar, which will provide an additional level of comfort. However, they all share a common thread of being down but far from out. SEE ALSO: 50 Top Stocks That Billionaires Love

  • GlobeNewswire

    Valero Energy Corporation to Announce Third Quarter 2019 Earnings Results on October 24, 2019

    SAN ANTONIO, Sept. 09, 2019 -- Valero Energy Corporation (NYSE: VLO, “Valero”) today announced that it will host a conference call on October 24, 2019, at 10:00 a.m. ET to.

  • Institutional Holdings in MPC, VLO, PSX, and HFC
    Market Realist

    Institutional Holdings in MPC, VLO, PSX, and HFC

    Institutional holdings in Valero Energy, Marathon Petroleum, Phillips 66, and HollyFrontier stand above 70%. HollyFrontier has the highest holding of 89%.

  • Valero considering second renewable diesel plant
    American City Business Journals

    Valero considering second renewable diesel plant

    San Antonio-based Valero Energy Corp. is in discussion to build the company's second renewable diesel plant in partnership with Darling Ingredients Inc. Valero [NYSE: VLO] said demand for the product is growing as countries adopt more low-carbon initiatives. Renewable diesel is made from biomass like animal fats and used cooking oils and is said to burn cleaner than fossil fuel-based diesel. “We expect low-carbon fuel mandates across the globe to continue to drive demand growth for renewable fuels,” Valero CEO Joe Gorder said in a news release.