Valero Energy Corp
VLO: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|D> | LOCK|%<W! | LOCK|@tkJ>LC |
Valero Earnings: Shares Fairly Valued as Third-Quarter Margins Sink
Valero Energy's third-quarter earnings exceeded market expectations. Adjusted earnings fell to $364 million from $2.6 billion the year before as refining margins weakened during the quarter, falling to midcycle-like levels.
