NEW YORK (TheStreet) --Shares of Valero Energy (VLO - Get Report) are declining by 1.64% to $66.60 in mid-morning trading on Wednesday, as some energy and related stocks dive today due to the drop in the price of oil.
The commodity is trading in the red today after the Energy Information Administration reported that U.S. crude oil inventories rose by 8.4 million barrels, compared to the 3.5 million barrels rise analysts were expecting, MarketWatch reports.
Late Tuesday afternoon the American Petroleum Institute reported an 11.4 million barrel increase in crude stockpiles for the week ended January 22.
Crude oil (WTI) is falling by 1.62% to $30.94 per barrel this morning and Brent crude is lower by 0.88% to $31.52 per barrel.
Valero Energy is a San Antonio-based international manufacturer and marketer of transportation fuels, other petrochemical products and power.
The company is scheduled to release its fiscal 2015 fourth quarter earnings results before the market open on Thursday morning.
Analysts surveyed by Thomson Reuters are expecting earnings of $1.45 per share on revenue of $16.74 billion for the most recent quarter.
Earnings came in at $1.83 per share on revenue of $27.86 billion for the same period last year.
Separately, TheStreet Ratings has a "buy" ratcing and score of A- on Valero Energy stock. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that TheStreet Ratings covers.
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, largely solid financial position with reasonable debt levels by most measures and notable return on equity. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: VLOVLO data by YCharts