Is VLO An Acronym For Volatility?
Oil refiners are riskier than the market but … With the equity market wobbling, investors have been finding refuge, er, returns in an unlikely quarter – the oil sector. No, not integrated behemoths like ExxonMobil Corp. (NYSE: XOM) but independent refiners such as Valero Energy Corp. (NYSE: VLO). Over the last 12 months, refiners have outdone the S&P 500 Composite…