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Valero Energy Corporation (VLO) [hlAlert]

Rating:
Buy VLO
up 71.11 %

Valero Energy Corporation (VLO) upgraded to Buy by Citigroup

Posted on: Wednesday,  Oct 2, 2013  8:25 AM ET by Citigroup

Citigroup rated Buy Valero Energy Corporation (NYSE: VLO) on 10/02/2013, when the stock price was $34.10. Since
then, Valero Energy Corporation has gained 71.11% as of 12/16/2015's recent price of $58.35.
If you would have followed this Citigroup's recommendation on VLO, you would have gained 71.11% of your investment in 805 days.

Valero Energy Corporation, incorporated in 1981, owns and operates 16 refineries located in the United States, Canada, and Aruba that produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products, as well as a slate of premium products, including conventional blendstock for oxygenate blending (CBOB) and reformulated gasoline blendstock for oxygenate blending (RBOB). The Company markets refined products on a wholesale basis in the United States and Canada through bulk and rack marketing network. It also sells refined products through a network of about 5,800 retail and wholesale branded outlets in the United States, Canada, and Aruba. The Company operates through two segments: refining and retail.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/2/2013 8:25 AM Buy
None
34.10
as of 12/13/2013
1 Week down  -0.96 %
1 Month up  11.85 %
3 Months up  35.27 %
1 YTD up  35.27 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2012 8:25 AM Hold
None
32.87
10/8/2007 10:28 AM Buy
None
70.88
8/10/2007 9:25 AM Hold
None
67.20
6/27/2007 11:25 AM Sell
None
73.05

(*) Stock Price at the time of the recommendation.
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