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Enter Symbol:
 
Valero Energy Corporation (VLO) [hlAlert]

Rating:
Sell VLO
down 68.65 %

Valero Energy Corporation (VLO) downgraded to Sell with price target $17 by Soleil

Posted on: Wednesday,  Oct 14, 2009  8:25 AM ET by Soleil

Soleil rated Sell Valero Energy Corporation (NYSE: VLO) on 10/14/2009. Previously Soleil rated Buy Valero Energy Corporation (NYSE: VLO) on 02/01/2008.,
when the stock price was $59.79. Since then, Valero Energy Corporation has lost 68.66% as of 10/14/2009's recent price of $18.74.
If you would have followed the previous Soleil's recommendation on VLO, you would have lost 68.65% of your investment in 621 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.

Soleil focuses on institutional research without ties to proprietary trading. By aggregating unbiased, actionable research, we allow our institutional clients to access a variety of perspectives and investment opinions from one trusted source. Our experienced sales professionals and research production team evaluate and filter dozens of independent research analysts to create a select group of research partners that best serve our clients. Each of our analysts has considerable industry experience, significant institutional relationships, a deep understanding of a particular sector, and the ability to deliver proprietary data and insights. Through expanded coverage of conventional and under-followed companies, they provide multiple perspectives and divergent viewpoints across a variety of industry sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/14/2009 8:25 AM Sell
None
18.74 17.00
as of 12/31/2009
1 Week down  -41.44 %
1 Month down  -51.85 %
3 Months down  -32.11 %
1 YTD down  -42.16 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/1/2008 8:25 AM Buy
None
59.79 77.00
11/1/2007 9:25 AM Hold
None
68.98 88.00

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