Valero Energy is trading 4.3% down now at $376.40 after Jefferies downgraded the shares to Hold from Buy on September 22, 2026, citing a less attractive refining-sector risk-reward balance after the substantial rally.
- The downgrade reportedly triggered a 2.5% premarket decline.
- Falling crude prices are also pressuring refiners, while the broader energy sector is down 2.02%.
- The company has no newly reported earnings or major corporate event driving the move.