Watch for Continued Gains in Shares of Valero Energy Corporation (VLO)
Shares of Valero Energy Corporation (NYSE:VLO) traded today at $131.69, eclipsing its 12-month high. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 5 million shares. Valero Energy Corporation defies analysts with a current price ($127.97) 63.6% above its average consensus price target of $46.56. Valero Energy is one of the largest independent refiners in the United States. It operates 14 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 14 ethanol plants with capacity of 1.7 billion…