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Valero stands to gain as crude prices stay soft, lifting refining margins, strengthening its balance sheet and supporting dividends and buybacks.
The latest trading day saw Valero Energy (VLO) settling at $179.62, representing a -3.05% change from its previous close.
Benjamin Edwards Inc. boosted its position in Valero Energy Corporation (NYSE: VLO) by 17.3% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,440 shares of the oil and gas company's stock after buying an additional 2,721 shares
The CEOs ExxonMobil and ConocoPhillips told President Donald Trump that Venezuela will need big changes to attract investment. Exxon CEO Darren Woods said Venezuela is "uninvestable" in the country's current state.
HB Wealth Management LLC grew its position in shares of Valero Energy Corporation (NYSE: VLO) by 17.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 19,834 shares of the oil and gas company's stock after acquiring an additional 2,947 shares during the quarter. HB Wealth
Country is ‘uninvestable' today, president told, but CEOs signal they are ready to spend with support
President Donald Trump met Friday afternoon with more than a dozen oil companies at the White House to discuss plans for investment in Venezuela, less than a week after the U.S. ousted President Nicolas Maduro. Trump said oil companies will spend at least $100 billion to rebuild Venezuela's energy sector.
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CNBC's Brian Sullivan reports on President Trump's commentary about Venezuela's oil industry during his meeting with oil executives at the White House.
Valero Energy (VLO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Interior Secretary Doug Burgum says US oil companies are very interested in revitalizing Venezuela's oil sector. But he says the Trump administration is unlikely to subsidize their efforts.
Contrary to President Donald Trump's assurances, major oil companies are not keen on investing in Venezuela, according to Treasury Secretary Scott Bessent.
Top oil companies will meet with President Donald Trump on Friday to discuss rebuilding Venezuela's oil industry.
The largest oil companies are likely to move slower in terms of making investments in Venezuela, with wildcatters or independent oil companies likely to move much more quickly, U.S. Treasury Secretary Scott Bessent said on Thursday.
Chevron is the only one of the three major U.S. oil companies that operates in Venezuela. ConocoPhillips and ExxonMobil exited Venezuela in 2007 after Hugo Chávez nationalized the industry.
VLO's flexible refinery network enables the company shift product yields and process diverse crude grades, helping it capture higher margins in volatile markets.
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Stock futures pointed lower Thursday, a day after the benchmark S&P 500 and blue-chip Dow Jones Industrial Average set fresh all-time highs before retreating.