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Enter Symbol:
Rating: VLO
Outperform $80

Valero Energy Corporation (NYSE: VLO) reiterated to Outperform with price target $80 by Oppenheimer

Monday,  Aug 3, 2015  8:25 AM ET by Betsy O'Brien Harrison

Oppenheimer reiterated Valero Energy Corporation (NYSE: VLO) to Outperform with price target
$80. Previously Oppenheimer reiterated Valero Energy Corporation (NYSE: VLO) to Outperform with price target $70 on 05/06/2014, when the stock price was $58.51.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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