Trade of the Day: VLO Valero Stock Looks Like a Steal

Valero Energy Corporation (NYSE:VLO) — This is the world’s largest independent refiner and marketer of petroleum, and it recently spun off its retail business.

In the first quarter, the company reported EPS of $1.87, beating the consensus estimate by $0.20. Average refinery throughput volume increased by 9,000 barrels per day year over year to 2.7 million. VLO’s refineries averaged 92% utilization in Q1, and profit margins widened by $1.49 per barrel.  (more)

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