Press "Enter" to skip to content

Texas Based Valero Energy Corp Shares Crashes 

Valero Energy Corp. shares advanced 2.87% to $65.54 Monday. This proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.24% to 4,422.30 and the Dow Jones Industrial Average DJIA rising 0.24% to 35,144.31.

Valero Energy Corp. closed $19.41 below its 52-week high ($84.95), which the company reached on June 3rd. The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Phillips 66 PSX rose 2.98% to $74.32, Marathon Petroleum Corp. MPC rose 2.30% to $54.66, and HollyFrontier Corp. HFC rose 3.27% to $29.03.

Texas Based Valero Energy Corp. Shares CrashesValero Energy Corp trading volume (3.8 M) remained 317,423 below its 50-day average volume of 4.1 M.This was the stock’s second consecutive day of gains.RBC Capital analyst T J Schultz maintained a Buy rating on Valero Energy on Wednesday, setting a price target of $91, which is approximately 29.13% above the present share price of $70.47.

J Schultz expects Valero Energy Corp. to post earnings per share of -$1.73 for the third quarter of 2021.The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Valero Energy, with an average price target of $92.89. The analyst’s price targets range from a high of $119 to a low of $81.In its latest earnings report, released in March the company reported quarterly revenue of $20.81 billion and a net profit of -$666 million. The company’s market cap is $28.81 billion.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *