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Market Impact: 0.45

Valero's 98% Capacity Run Rate and California Exit Have Reddit Turning Bullish

VLO
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Shares are up about 47% year-to-date and trading near $239 as Reddit's r/wallstreetbets builds a bull case. Valero reported record refining throughput, hiked its dividend, and announced a full exit from California, developments that are supporting the stock's rally and investor optimism.

Analysis

Shares are up about 47% year-to-date and trading near $239 as Reddit's r/wallstreetbets builds a bull case. Valero reported record refining throughput, hiked its dividend, and announced a full exit from California, developments that are supporting the stock's rally and investor optimism.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.65

Ticker Sentiment

VLO0.65