Valero Energy (VLO) Tops Q1 EPS by 3c, Beats on Revenues
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April 26, 2018 1:00 PM EDT
Cowen raised its price target on Valero Energy (NYSE: VLO) to $125.00 (from $100.00) while maintaining an Outperform rating against a strong fundamental backdrop in 2018 and beyond.
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April 26, 2018 1:14 AM EDT
By Devika Krishna Kumar
NEW YORK (Reuters) - Shares of smaller independent U.S. refiners with less complex facilities surged in the stock market in the first quarter as investors expect strong earnings growth thanks to a fall in price of their primary cost - light, sweet crude oil coming out of West Texas - to more than three year lows.
Over the last 20 years, the nation's biggest refiners spent billions building units capable of turning heavy, sour crude into gasoline, diesel fuel and other products.
But the U.S. shale revolution has boosted crude production... More
April 24, 2018 4:09 AM EDT
Piper Jaffray raised its price target on Valero Energy (NYSE: VLO) to $113.00 (from $99.00) while maintaining a Neutral rating.
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