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Valero Energy Corporation (VLO) [hlAlert]

Rating:
Neutral VLO
down 25.35 %

Valero Energy Corporation (VLO) upgraded to Neutral by JP Morgan

Posted on: Monday,  Dec 9, 2013  8:25 AM ET by JP Morgan

JP Morgan rated Neutral Valero Energy Corporation (NYSE: VLO) on 12/09/2013. Previously JP Morgan rated Underweight Valero Energy Corporation (NYSE: VLO) on
07/01/2013., when the stock price was $34.56. Since then, Valero Energy Corporation has gained 33.97% as of 12/09/2013's recent price of $46.30.
If you would have followed the previous JP Morgan's recommendation on VLO, you would have lost 25.35% of your investment in 161 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.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/9/2013 8:25 AM Hold
None
46.30
as of 12/13/2013
1 Week up  0.60 %
1 Month down  -12.26 %
3 Months down  -32.09 %
1 YTD down  -33.96 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/1/2013 8:25 AM Sell
None
34.56
8/17/2012 8:25 AM Hold
None
28.85
5/6/2008 8:25 AM Hold
None
48.14

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