Valero Energy Rises On Unusually High Volume (VLO)
NEW YORK (
) --
(NYSE:
) is trading at unusually high volume Friday with 16.9 million shares changing hands. It is currently at two times its average daily volume and trading up $1.32 (+3.8%) at $35.86 as of 4:04 p.m. ET.
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Valero Energy has a market cap of $18.3 billion and is part of the basic materials sector and energy industry. Shares are down 1.7% year to date as of the close of trading on Thursday.
Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail.
TheStreet Ratings rates
Valero Energy
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
.
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