Mark Elwa
All posts from Mark Elwa
Mark Elwa in Gainers & Losers,

Valero Energy profit up in 3rd quarter

Valero reported a profit of $1.38 billion, or $2.79 a share, up from $1.06 billion, or $2 a share, a year earlier. Revenue decreased 34% to $22.58 billion. Analysts polled by Thomson Reuters had expected a per-share profit of $2.66 and revenue of $18.23 billion. 

The company's board also raised the quarterly dividend by 25% to 50 cents a share.

Will buy it today with target price at $66 per share