Jim Cramer Makes Big Claims For Valero Energy Corporation (VLO)

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. Valero Energy Corporation (NYSE:VLO) is one of the stocks discussed by Jim Cramer.

Valero Energy Corporation (NYSE:VLO) is an oil and gas refining company. Its shares are up by 83% over the past year and by 69.8% year-to-date. Morgan Stanley discussed the firm on June 12th, as it raised the share price target to $255 from $232 and kept an Equalweight rating on the shares. Strip prices and elevated refining margins due to the conflict in the Middle East were among the factors that Morgan Stanley discussed. While Cramer has frequently discussed oil stocks in the context of the Iran conflict, he hasn’t mentioned Valero Energy Corporation (NYSE:VLO) as often. Most of his remarks have focused on Chevron and oil stocks as being a proxy to the conflict’s duration. However, in this appearance, he outright recommended buying the shares:

“You know Valero, which is if you put up this chart Valero, that’s the one. People keep saying what should we do, Conoco, should I do OXY. . .do Valero, because that’s the pure play of what you just talked about. And it’s not done, it’s just going to keep going higher. And it. is, even the whole way, because even, straight up. Because that should have come down. I mean David, you know that the gasoline, we export a lot of gasoline, so it’s a tight market to begin with. And that’s the market that the consumer voter is focused on.

“Look it’s the world market, we’re very important in the world market. . .if the price of oil goes down and the price at the pump doesn’t go down, that’s called Valero. Now it’s not their fault! I mean it’s the way it works, it’s always lagged! . . .the refining business is a very tough business.”

Jim Cramer Makes Big Claims For Valero Energy Corporation (VLO)

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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.

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