Valero Energy Stock Skyrockets on Blowout Q3 Results – What’s Next for VLO?
Valero shares jumped 3% to $166 premarket Oct. 23 after Q3 earnings beat estimates, with adjusted EPS at $3.66 on $32.17 billion revenue. Refinery throughput hit a record 97%, and Q3 refining profit rose 44% year-over-year to $13.14 per barrel. Analysts raised targets, with the median 12-month price at $169. Valero returned $1.3 billion to shareholders last quarter through dividends and buybacks.