On July 27, Valero fell 3.06% in pre-market trading, trading at $293.5/share, with turnover of $786,500.

The decline came as the refining sector faced collective selling pressure ahead of Valero's Q2 earnings report scheduled for July 30. The stock had rallied more than 100% from its 52-week low of $130.78, prompting some investors to lock in gains before the earnings window. Sector peers declined in tandem, with PBF Energy down 4.11%, HF Sinclair down 3.45%, and Marathon Petroleum down 2.63%.

Market consensus expects adjusted EPS of $9.81 for the quarter. Goldman Sachs recently raised its price target to $357 while maintaining a Buy rating, and multiple institutions hold overweight views on the stock, citing historically elevated crack spreads and healthy utilization rates as key supports for summer-quarter profitability.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)