Oppenheimer Downgrades Valero Energy to "Perform" (VLO)

Oppenheimer Downgrades Valero Energy to “Perform” (VLO)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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