Valero Resilient After All, Especially In Renewable Diesel [Seeking Alpha]
Valero Energy Corporation (VLO)
Last valero energy corporation earnings: 4/29 06:30 am
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Source: Seeking Alpha
SummaryValero posted a pretty excellent quarter in our view, with adjusted operating income declines in refinery being better than we expected.The big surprise is the performance of the renewable diesel business, which is still operating at full capacity and was able to achieve better margins than in 2019.Even though the company has no plans to make acquisitions, since it is unlikely that US refineries will need to force-sell, the recovery in oil should be strong.Given that improvement in Valero end-markets has already started, we have done the wait-and-see and would be confident to buy once again.Valero (VLOtentative articleoriginal thesisRefinery BusinessThe reason why we are hopeful about the refinery business is because of mitigants that we discussed in one of ourprevious articlesnonviableMoreover, on the earnings call there was indication that 7-day moving averages in the system were improving, especially in the mid-continent and gulf-coast areas where shut-down measures are expe
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News
- Valero Energy (VLO) Stock Moves -0.14%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Valero Energy Co. (NYSE: VLO) had its price target lowered by analysts at Mizuho from $171.00 to $165.00. They now have an "outperform" rating on the stock.MarketBeat
- Supreme Court to hear challenge to California's pace-setting vehicle emissions rules [USA TODAY]USA TODAY
- Supreme Court will decide if oil industry may sue to block California's zero-emissions goal [Los Angeles Times (CA)]Los Angeles Times
- Zacks Industry Outlook Marathon Petroleum, Valero Energy and Galp Energia [Yahoo! Finance]Yahoo! Finance
VLO
Earnings
- 10/24/24 - Miss
VLO
Sec Filings
- 11/13/24 - Form 3/A
- 11/8/24 - Form 3
- 11/8/24 - Form 4
- VLO's page on the SEC website