What the Options Market Tells Us About Valero Energy
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen significant options trading activity, indicating a split sentiment among big-money investors, with 55% bullish and 44% bearish. A total of 9 unusual options trades were detected, with a focus on strike prices ranging from $70.0 to $165.0. Analysts from Barclays and Raymond James maintain positive ratings on VLO, with price targets of $149 and $155, respectively. The company is a major refiner with substantial operations in the US, Canada, and the UK.
February 01, 2024 | 6:01 pm
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Valero Energy has witnessed significant options trading activity, indicating investor interest and potential volatility. Analysts maintain positive outlooks with price targets suggesting upside potential.
The significant options trading activity, especially the bullish sentiment among big-money investors, coupled with positive analyst ratings and price targets from Barclays and Raymond James, suggest a potential short-term upside for VLO. However, the mixed sentiment in options trading and the current stock performance indicate a need for cautious optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100