Valero Energy hits new 52-week high amid surge in options volume

Valero Energy Corporation (NYSE:VLO) reached a new 52-week high on Monday, with shares trading as high as $347.61. The stock's performance comes amid significant market activity, including an unusually large volume of put options. Trading volume for these put options reached 23,642, representing an increase of approximately 179% compared to the average volume of 8,462.

Financial analysts have provided varying outlooks on the company. UBS Group and Barclays recently raised their price objectives to $355 and $323, respectively, with 'buy' and 'overweight' ratings. Conversely, TD Cowen maintained a 'hold' rating with a target of $350, while Wolfe Research previously issued an 'underperform' rating with a $203 target. The company currently holds a consensus rating of 'Moderate Buy' with an average target price of $288.00.