12:18pm ET
Energy
Gasoline Prices Set for Steady Decline
ThinkstockToday’s U.S. gasoline pump prices are at their lowest point since the end of January. At a national average of $3.40 a gallon, the price has dropped by $0.19 a gallon since…
Companies
/Energy
Valero Energy Corp
$413.28
▲ $0.75 (+0.18%) today
Markets closed · 8:26pm ET
VLO Coverage
Page 1712:52pm ET
Commodities & Metals
What the Keystone XL Pipeline Won’t Change
ThinkstockIn 2012, the U.S. imported nearly 3 million barrels of oil a day from Canada. The Keystone XL pipeline, if it is approved, would increase that total by 830,000 barrels, but without…
8:05am ET
Commodities & Metals
Cowen Says to Buy the Top Independent Refining Stocks on Weakness
ThinkstockEach of the independent refiners to report second-quarter earnings so far have shown year-over-year declines, reflective of a sluggish demand environment, rapidly compressing crude differentials and escalating renewable identification number (RIN) costs.…
4:06pm ET
Investing
Closing Bell for Tuesday on Wall Street: Markets Open Higher, Finish Mixed
July 23, 2013: U.S. equity markets opened higher this morning, but only the DJIA was able to stay in positive territory throughout the day. There was little economic data out of Europe…
11:55am ET
Commodities & Metals
U.S. House Reviewing Renewable Fuels Standard
ThinkstockBy now, anyone paying any attention to gasoline prices has run into the term “blend wall,” which is the point at which mandated ethanol production matches or exceeds ethanol demand. Because gasoline…
8:15am ET
Commodities & Metals
Valero Matches Lower Earnings Estimate
ThinkstockValero Energy Corp. (NYSE: VLO) reported second-quarter 2013 results before markets opened this morning. The oil refiner posted diluted earnings per share (EPS) of $0.85 on revenues of $34.03 billion, compared with…
Paul Ausick 4:05pm ET
Investing
Closing Bell for Monday on Wall Street: Markets Mixed at Open, Float to Gains
July 22, 2013: U.S. equity markets opened mixed this morning with the DJIA dipping on a poor earnings report from McDonald’s Corp. (NYSE: MCD). There was no economic data release of note in…
8:15am ET
Commodities & Metals
UBS Sees Big Refineries as Cheap Value Stocks After Large Share Price Correction
ThinkstockFor much of the past year and through the first quarter of 2013, the refinery sector was on fire. The top stocks in the sector were some of the top-performing stocks overall.…
11:30am ET
Energy
Oil Refiner Stocks May Offer One Value Play
ThinkstockCrude oil refiners have taken some heavy hits in the past couple of months. Because the cost of crude contributes about 65% to the price of gasoline, gas prices have remained high,…
12:15pm ET
Energy
Another Oil Refiner Cuts Q2 Outlook
ThinkstockCrude oil refiner Marathon Petroleum Corp. (NYSE: MPC) announced a cut to its second-quarter earnings estimates well after markets closed last night. Late last week the country’s largest refiner, Valero Energy Corp.…
2:29pm ET
Energy
Ethanol Credits Hit All-Time Highs in the U.S.
ThinkstockWe have been on the price of ethanol credits since they rocketed to $1.00 earlier this year. Today, the price soared to $1.25, an increase of more than 2,000% since the beginning…
9:28am ET
Energy
Oil Refiner Valero Lowers Earnings Estimate
ThinkstockThe shrinking differential between the price of West Texas Intermediate (WTI) and Brent crude gets the lion’s share of the blame for last night’s announcement from Valero Corp. (NYSE: VLO) that net…
4:03pm ET
Investing
Closing Bell for Monday on Wall Street: Markets Open Higher, Hold Gains
July 1, 2013: U.S. equity markets opened higher this morning after a blast of economic data from both Asia and Europe. In China, June manufacturing PMI slid lower. Japan’s economics minister said…
8:25am ET
Investing
Top 10 Analyst Upgrades and Downgrades: Apple, BlackBerry, 3M and More
These are the top analyst upgrades, downgrades and initiations from select Wall Street research calls on Monday, July 1, 2013. They include Apple, BlackBerry, 3M and Best Buy.
8:15am ET
Investing
Top Analyst Upgrades and Stocks to Buy: CME, J.C. Penney, Nike and More
Investors and traders seem to be constantly looking for fresh research ideas that will lead to higher income or more profits. 24/7 Wall St. reviews many fresh research calls each morning to…