This Is What Whales Are Betting On Valero Energy
Portfolio Pulse from Benzinga Insights
Valero Energy (NYSE:VLO) has seen a balanced mix of bullish and bearish options trading, with significant activity in a price band between $110.0 and $165.0. The company, a major independent refiner, is currently trading at $135.82, showing a slight increase. Analysts from Raymond James and Barclays have given strong buy and overweight ratings, with target prices of $155 and $149, respectively. The options market's interest, combined with analyst ratings, suggests a cautiously optimistic outlook for VLO.
February 21, 2024 | 4:31 pm
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Valero Energy sees balanced options trading and positive analyst ratings, indicating a cautiously optimistic outlook.
The balanced mix of bullish and bearish options trading on VLO, combined with strong buy and overweight ratings from analysts, suggests a cautiously optimistic short-term outlook. The trading activity in a specific price band and the slight increase in stock price, alongside the anticipation of earnings release, contribute to this perspective. However, the mention of the stock potentially approaching overbought territory introduces a note of caution.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100