Energy refiners CVR Energy and Valero Energy hit new 52-week highs

Major energy refining stocks CVR Energy and Valero Energy have recently reached new 52-week highs. CVR Energy saw its share price climb as high as $55.19, despite a consensus rating of 'Strong Sell' from various analysts and a consensus price target of $30.50.

Valero Energy also hit a new 12-month high, trading as high as $416.66. Unlike CVR, Valero maintains a 'Moderate Buy' average rating from analysts, with several firms like Raymond James Financial and Piper Sandler issuing bullish price targets.

Market commentary suggests that while US refiners are benefiting from exceptional margins due to geopolitical disruptions, some analysts caution that current valuations may reflect unsustainably high earnings, potentially posing risks if margins normalize.