Valero Energy Corporation (NYSE: VLO - Get Free Report)'s stock price hit a new 52-week high on Monday after Bank of America raised their price target on the stock from $395.00 to $414.00. Bank of America currently has a neutral rating on the stock. Valero Energy traded as high as $419.45 and last traded at $419.2580,
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Valero Energy Corporation (NYSE:VLO) experienced a significant Power Inflow alert, a key bullish indicator that is closely tracked by traders who value order flow analytics, specifically institutional and retail order flow data.
Valero Energy (VLO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Refining stocks are breaking away from the integrated oil majors, and the gap places the bid directly on fuel margins. Marathon Petroleum (NYSE:MPC | MPC Price Prediction) stock has risen 5% to $413.75 this afternoon.