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 gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 700 million gallons per year of renewable diesel.
In the past 12 months, Valero Energy Corporation share prices are bracketed by a low of $58.85 and a high of $131.69 and are now at $127.97, 117% above that low price.
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