Energy Stocks Surge: Valero and Marathon Lead the Charge, Vistras Resilience Shines
Generated by AI AgentAinvest Market Brief
Thursday, Oct 3, 2024 6:30 pm ET1min read
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1. Valero Energy (NYSE: VLO)
Valero Energy surged by 6.13%. Valero Energy sees JP Morgan maintain an "Overweight" rating, lowering the price target to $151. Piper Sandler downgrades it to "Neutral" with a $123 target. Mizuho and Wells Fargo maintain their ratings, setting targets at $171 and $172, respectively.
2. Marathon Petroleum (NYSE: MPC)
Marathon Petroleum gained solidly by 5.7%. Marathon Petroleum's Q2 2024 revenue was $71.57 billion, with a net profit of $3.267 billion. JP Morgan, Piper Sandler, and Mizuho maintain neutral ratings with target prices of $172, $145, and $193, respectively. Morgan Stanley maintains an overweight rating, targeting $182.
3. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 5.64%. Vistra's 2024 mid-year revenue was $68.99 billion, down 9.39% year-over-year. RBC Capital maintains an outperform rating and a $141 target. Jefferies rates buy with a $137 target, Morgan Stanley overweight at $132, and BMO Capital outperform at $125.
4. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 4.68%. Palantir Technologies co-founder and chairman, Peter Thiel, sold nearly $600 million in company stock recently, with total sales exceeding $1 billion this year. Additionally, Wedbush maintained an "Outperform" rating, while Raymond James downgraded Palantir to "Market Perform."
5. Ke Holdings (NYSE: BEKE)
Ke Holdings gained solidly by 4.68%. KE Holdings granted 1.378 million restricted stock units to 50 employees under the 2020 incentive plan, pending acceptance. Additionally, KE Holdings collaborated on a professional certification event and invested $2.143 million to repurchase 397,700 shares on September 25, 2024.
Valero Energy surged by 6.13%. Valero Energy sees JP Morgan maintain an "Overweight" rating, lowering the price target to $151. Piper Sandler downgrades it to "Neutral" with a $123 target. Mizuho and Wells Fargo maintain their ratings, setting targets at $171 and $172, respectively.
2. Marathon Petroleum (NYSE: MPC)
Marathon Petroleum gained solidly by 5.7%. Marathon Petroleum's Q2 2024 revenue was $71.57 billion, with a net profit of $3.267 billion. JP Morgan, Piper Sandler, and Mizuho maintain neutral ratings with target prices of $172, $145, and $193, respectively. Morgan Stanley maintains an overweight rating, targeting $182.
3. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 5.64%. Vistra's 2024 mid-year revenue was $68.99 billion, down 9.39% year-over-year. RBC Capital maintains an outperform rating and a $141 target. Jefferies rates buy with a $137 target, Morgan Stanley overweight at $132, and BMO Capital outperform at $125.
4. Palantir Technologies (NYSE: PLTR)
Palantir Technologies gained solidly by 4.68%. Palantir Technologies co-founder and chairman, Peter Thiel, sold nearly $600 million in company stock recently, with total sales exceeding $1 billion this year. Additionally, Wedbush maintained an "Outperform" rating, while Raymond James downgraded Palantir to "Market Perform."
5. Ke Holdings (NYSE: BEKE)
Ke Holdings gained solidly by 4.68%. KE Holdings granted 1.378 million restricted stock units to 50 employees under the 2020 incentive plan, pending acceptance. Additionally, KE Holdings collaborated on a professional certification event and invested $2.143 million to repurchase 397,700 shares on September 25, 2024.
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