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Valero tapped as top pick among refiners, well positioned to manage challenges

Mar. 04, 2022 12:41 PM ETValero Energy Corporation (VLO) StockBy: Carl Surran, SA News Editor9 Comments

Oil and Gas Industrial zone,The equipment of oil refining,Close-up of industrial pipelines of an oil-refinery plant,Detail of oil pipeline with valves in large oil refinery.

Rangsarit Chaiyakun/iStock via Getty Images

Valero Energy (VLO +0.4%) rises as much as 2.7% after Morgan Stanley calls the stock its Top Pick among U.S. refiners, reiterating its $100 price target, amid a setup for the refining industry that looks "increasingly

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Comments (9)

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aptosian profile picture
Technically it is breaking out. Will see how it does.
I'm not sure it's going to look so good when $185 oil leads to decreasing volumes and probably a recession.
Long VLO, the green refiner!
Jeff Pokorny profile picture
Heck with that - lets see the dividend double.
jodihn profile picture
@Jeff Pokorny Why not both?!
Jeff Pokorny profile picture
@jodihn well....why not indeed. My point was that if we doubled the div, we'd get the share price TOO, where if we just get the $100 - it will go back down when the crisis ends / the economy sours / etc.

both are good. Put me down for both.
jodihn profile picture
Brilliant - let's see that $100 this summer - 20% to go.
edaskew profile picture
@jodihn Plus they pay you $3.92 per year to wait.
jodihn profile picture
@edaskew Yep. Bought VLO January 2021 for upper $50s and collected since. It has been great so far.

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