31 stories mentioning VLO
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Valero Energy (VLO) reported Q1 adjusted earnings Thursday of $4.22 per diluted share, up from $0.89 a year earlier.Analysts polled by FactSet expected $3.16.Revenue for the quarter ended March 31 was $32.38 billion, compared with $30.26 billion a year earlier.Analysts polled by FactSet expected $31.38 billion.
Valero Energy (VLO) has an average rating of overweight and mean price target of $254.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $240.41, Change: $+2.16, Percent Change: +0.91%
Valero Energy (VLO) has an average rating of overweight and mean price target of $254.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Refining margins are unlikely to return to pre-conflict levels anytime soon, even if the Strait of Hormuz reopens, due to refinery damage, the time required to normalize trade flows, and the need to rebuild inventories, Morgan Stanley analysts said in a Friday note to clients.Analysts said first-quarter financial results for refining companies will be pressured by lower capture rates amid still-tight crude differentials, planned and unplanned maintenance, and derivative headwinds, partially offset by stronger secondary products.Morgan Stanley said near-term U.S. refining margins have roughly doubled since the start of the Iran conflict and now sit near levels last reached in 2022 and 2023.On Phillips 66 (PSX), analysts upgraded the stock to overweight from equal-weight.They said the chemicals business is a key factor that sets the company apart from the rest of the sector, with earnings from the segment expected to rise to about $1.1 billion from $352 million. They also raised the price target to $174 from $147.Morgan Stanley retained an overweight rating on Marathon Petroleum (MPC) and raised its price target to $233 from $200. It also maintained an overweight rating on HF Sinclair (DINO) and increased its price target to $66 from $57.On Valero Energy (VLO), Morgan Stanley maintained an equal-weight rating and raised the price target to $222 from $182. It also maintained an equal-weight rating on Delek US Holdings (DK) and raised its price target to $40 from $38.On PBF Energy (PBF), Morgan Stanley maintained an underweight rating and raised the price target to $34 from $27.Price: $224.00, Change: $+2.90, Percent Change: +1.31%
Valero Energy (VLO) has an average rating of overweight and mean price target of $254.06, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Valero Energy (VLO) has an average rating of overweight and mean price target of $251.71, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $234.26, Change: $+0.87, Percent Change: +0.37%
Valero Energy (VLO) has reportedly restarted its 380,000 barrels per day Port Arthur, Texas refinery, following an explosion and fire last month, which led to the unit being shut down, Reuters reported, citing two unnamed sources.According to reports, the 115,000 bpd AVU 147 crude distillation unit is back online, while the 210,000 bpd unit is still shut as its heater is still undergoing repairs.The AVU 146 unit accounts for roughly 2% of crude refining capacity across the U.S. Gulf Coast and about 3.4% of Texas's total, underscoring its importance to the region's energy security.Reuters noted that diesel prices rose by 16 cents per barrel on the day of the explosion, following news of its closure.Valero did not immediately respond to' request for a comment on this story.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Valero Energy (VLO) has partially restarted operations at its Port Arthur, Texas oil refinery after an explosion and fire on March 23 lead to a shutdown, Reuters reported Thursday, citing two people familiar with the matter.While the production line from the AVU 147 crude distillation unit is operating, Valero is still repairing the heater in the AVU-146 crude distillation unit and keeping that production line shut until the work is complete, according to the report.Valero did not immediately respond to' request for comment on the matter.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Refining stocks surged 53% in Q1 2026 as fuel margins spiked, though earnings lagged expectations with average earnings per share seen at $0.19, TPH Energy Research said Thursday.The quarter was marked by sharp volatility as the Iran conflict disrupted global supply, pushing refining margins higher despite operational and cost-related headwinds, the report said.Global refining activity dropped to about 80 million barrels per day in March from 86 million b/d in January, reflecting Middle East disruptions and feedstock shortages in Asia, TPH added.Fuel margins surged in response, with US gasoline and diesel cracks jumping to $13 per barrel and $46/bbl in March from $6/bbl and $22/bbl earlier in the quarter, the report added.However, average gasoline margins remained weak at $9/bbl for Q1, pressured by strong US refinery utilization of about 91.5%, which kept supply elevated, according to TPH.Diesel margins performed better, averaging $30/bbl, supported by stronger demand running about 1% above five-year average levels and supply disruptions linked to Iran.The Singapore market saw sharper gains, with gasoline and diesel cracks rising to $16/bbl and $41/bbl, up about $3/bbl and $18/bbl over the quarter, according to TPH.Additional tailwinds included wider heavy crude differentials, tighter West Coast supply following refinery closures, and regulatory benefits for smaller refiners.Despite strong margins, earnings disappointed due to weak capture rates of about 66%, as higher crude prices and derivative losses weighed on profitability, TPH added.Other pressures included lower returns on residual products such as asphalt and increased compliance costs tied to renewable fuel obligations, the report added.These headwinds offset benefits from improved crude sourcing and stronger jet fuel spreads, leaving analysts below consensus for several major refiners.Looking ahead, Q2 profitability is expected to improve significantly, supported by stronger margins with gasoline and diesel indicators near $9 and $47 per barrel, it said.TPH forecasts average Q2 earnings per share at $4.66, above consensus of $3.93, with stronger performance expected across all covered refiners, it said.TPH said it is particularly bullish on Phillips 66, Valero (VLO) and Par Pacific (PARR), citing improving fundamentals despite continued caution around margin capture and cost pressures.Price: $241.76, Change: $+6.76, Percent Change: +2.88%
Valero Energy (VLO) has an average rating of overweight and mean price target of $253.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Valero Energy (VLO) has an average rating of overweight and mean price target of $251.59, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $241.86, Change: $+3.04, Percent Change: +1.27%
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