VLO News and Press, Valero Energy Corporation From 04/20/23

2023-04-20 12:03:47 ET Summary In celebration of April 20 (i.e. "420 day"), my stock of the day is Phillips 66, which currently pays out a $4.20/share annual dividend (a 4% yield). As we exit the shoulder season and into the summer driving season, PSX is perfectly positioned after...

2023-04-20 09:45:35 ET Summary In this article, I present my view on the oil market, using multiple timeframes and catalysts. We're dealing with a structural shift in supply, a surprisingly supportive policy change from OPEC, and higher odds of a forced Fed pivot down the road. ...

2023-04-19 18:05:51 ET A Biden administration plan for year-round sales of E15 ethanol blend in eight Midwestern states likely will go into effect in summer 2024 , a year later than the states sought, Environmental Protection Agency Michael Regan told the House Agriculture Committee...

2023-04-18 10:48:09 ET Valero Energy ( NYSE: VLO ) -1.6% and Marathon Petroleum ( NYSE: MPC ) -0.8% in Tuesday's trading as Wells Fargo downgraded both refiners to Equal Weight from Overweight with $135 price targets, while lowering PTs for all refiners in its co...

2023-04-17 18:20:49 ET The Group of Seven countries will keep a $60/bbl price cap on seaborne Russian crude oil, Reuters reported Monday, despite rising global crude prices and calls by some countries for a lower price cap to restrict Russia's revenues. The Biden administration has ...

2023-04-17 15:43:16 ET Valero Energy ( NYSE: VLO ) -2.3% in Monday's trading as Tudor Pickering Holt downgraded the stock to Hold from Buy with a $129 price target, cut from $154, citing concerns over narrower heavy spreads, lower contribution from the new Port Arthur coker,...

2023-04-16 10:59:39 ET Summary Darling Ingredients’ joint venture with Valero, Diamond Green Diesel, is the leading North American renewable diesel producer. California, Canada, and Europe are the primary markets for renewable diesel. This $9.4 billion market cap compan...

2023-04-12 16:07:15 ET Summary Valero Energy has been a great stock market winner. The firm enjoys a status as a low-cost producer at a time of rising energy prices. However, its executive compensation plan rewards management for total returns to stockholders, and not capital ...

2023-04-12 05:22:01 ET Summary Valero is a $50.3 billion market cap oil refiner paying a 3.0% dividend with an investor-friendly stock buyback program. Both oil and refined products exports are higher, creating a push-pull effect on margins. Valero is well positioned on renewa...

2023-04-12 04:54:30 ET Summary Crack spreads remain elevated, benefiting VLO. Longer term, the company is working on projects to lower its cost structure and improve margins. VLO stock looks fairly valued at current levels. Valero ( VLO ) is riding a strong oil refin...