Oppenheimer Downgrades Valero Energy to “Perform” (VLO)
On Friday, Oppenheimer announced that it has reduced its rating on Valero Energy Corporation (VLO).
The firm has downgraded VLO from “Outperform” to “Perform” to reflect a weak earnings outlook.
Valero Energy shares were down 22 cents, or 0.65%, during pre-market trading Friday. The stock has been mostly flat YTD.
The Bottom Line
Shares of Valero Energy Corporation (VLO) have a 2.64% yield based on Thursday’s closing price of $34.10.
Valero Energy Corporation (VLO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.
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