On September 25, Valero fell 3.16% in regular trading, trading at approximately $372.03 per share, with turnover of $130 million. The decline nearly erased the prior session's rally, which had been fueled by Goldman Sachs sharply raising its price target to $457 from $365 while maintaining a Buy rating.
The retreat reflects ongoing institutional divergence weighing on sentiment. Earlier, Jefferies downgraded the stock to Hold from Buy with a $401 target, citing stretched valuations after the stock's year-to-date surge of approximately 143%. Goldman Sachs' bullish call, implying roughly 18% upside from then-current levels, momentarily lifted shares but failed to sustain momentum amid the conflicting signals.
The broader Oil & Gas Refining & Marketing sector was under widespread pressure. Among peers, PBF Energy fell 2.99%, Marathon Petroleum declined 2.38%, HF Sinclair dropped 2.18%, Phillips 66 slipped 2.03%, and Delek US lost 1.18%. Valero's next earnings report is scheduled for October 22, with consensus EPS estimates at $18.09.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)