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Valero Energy Corporation (VLO) [hlAlert]

Rating:
Hold VLO
down 19.95 %

Valero Energy Corporation (VLO) downgraded to Hold with price target $23 by The Benchmark Company

Posted on: Monday,  Dec 5, 2011  8:25 AM ET by The Benchmark Company

The Benchmark Company rated Hold Valero Energy Corporation (NYSE: VLO) on 12/05/2011. Previously The Benchmark Company rated Buy Valero Energy Corporation (NYSE: VLO)
on 04/11/2011., when the stock price was $28.36. Since then, Valero Energy Corporation has lost 19.96% as of 12/05/2011's recent price of $22.70.
If you would have followed the previous The Benchmark Company's recommendation on VLO, you would have lost 19.95% of your investment in 238 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.

The Benchmark Company 's Equity Research team is one of the most experienced on the Street. Our analysts average almost two decades of sell-side research experience and many have substantial experience in the industries they cover as well. Our people give us the ability to deliver insightful and unique research seasoned by the experience of having lived through multiple bull and bear markets, and having covered their companies longer than most of their peers.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/5/2011 8:25 AM Hold
None
22.70 23.00
as of 12/30/2011
1 Week   
1 Month up  1.93 %
3 Months up  27.67 %
1 YTD down  -19.95 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/11/2011 8:25 AM Buy
None
28.36 31.00

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