Valero Energy Corporation (NYSE: VLO) shares are trading lower on Wednesday after Goldman Sachs downgraded the stock from Buy to Neutral and announced a price target of $68 per share.Valero Energy is one of the largest independent refiners in the U.S. It operates 14 refineries with a total throughput capacity of 3.1 million barrels a day in the U.S., Canada, and the U.K.Valero also owns 14 ethanol plants with a capacity of 1.7 billion gallons of ethanol a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 275 million gallons per year of renewable diesel.Valero Energy shares were trading down 4.13% at $63.43 at time of publication on Wednesday. The stock has a 52-week high of $101.99 and a 52-week low of $31.Related Links:BP Cuts 10K Jobs As Coronavirus Hits Oil DemandUSO Tanks After Oil ETF's Temporary Trading HaltLatest Ratings for VLO DateFirmActionFromTo Jun 2020Goldman SachsDowngradesBuyNeutral May 2020JP MorganMaintainsOverweight May 2020Morgan StanleyMaintainsOverweight View More Analyst Ratings for VLO View the Latest Analyst RatingsSee more from Benzinga * Why CoreCivic's Stock Is Trading Lower Today * Why Livongo Health's Stock Is Trading Higher Today * Second Wave Of Coronavirus Hits China's Capital Beijing(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
