With a market cap of $41.4 billion, Valero Energy Corporation (VLO) is the largest independent refiner and marketer of petroleum products in the United States, operating in multiple countries. It operates through three segments - Refining, Renewable Diesel, and Ethanol, producing and marketing a wide range of petroleum-based and low-carbon fuels under brands such as Valero, Beacon, Diamond Shamrock, Ultramar, and Texaco.
Shares of the San Antonio, Texas-based company have underperformed the broader market over the past 52 weeks. VLO stock has declined 9.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.8%. Moreover, shares of the company are up 8.7% on a YTD basis, compared to SPX's 9.8% gain.
