On June 25, Valero Energy rose 3.63% in regular trading, trading at $251.48/share, with turnover of $293 million. The stock led gains in the Oil & Gas Refining & Marketing sector, which saw broad-based strength.
The rally comes amid continued bullish analyst sentiment. Morgan Stanley recently raised its price target to $255 from $232, while the FactSet consensus maintains an overweight rating with a mean target of $265.67, implying further upside from current levels. BMO Capital holds a $290 target with an Outperform rating, and Jefferies maintains a Buy rating with a $284 target.
Fundamentally, Valero reported Q1 EPS of $4.22, beating the $3.16 consensus by 33.5%, with revenue of $32.38 billion also surpassing estimates. The company returned $938 million to shareholders in Q1. Morgan Stanley has noted that refining margins are unlikely to return to pre-conflict levels anytime soon due to refinery damage and trade flow normalization needs, supporting sector tailwinds.
Within the sector, PBF Energy rose 2.65%, Phillips 66 gained 1.60%, HF Sinclair added 1.67%, and Marathon Petroleum climbed 1.58%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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