Valero Energy (NYSE:VLO) Signs ATM Deal

Valero Energy (NYSE:VLO) has joined hands with Cardtronics.

Valero Energy (NYSE:VLO) Signs ATM Deal

Valero Energy (NYSE:VLO)’s division, Valero Energy (NYSE:VLO) Retail Holdings Inc, has selected Cardtronics as the exclusive provider of ATM services for Valero’s entire U.S. portfolio of company operated convenience stores.

According to the deal all Valero company operated stores will be converted to Cardtronics ATM services in the first half of 2012, including the more than 600 stores located in Texas.

Rick Updyke, president, U.S. Business Group, Cardtronics, said that, “Valero Energy (NYSE:VLO) Retail Holdings Inc Corner Stores’ reputation for fast, friendly service in clean, well-lit stores meshes perfectly with Cardtronics’ criteria for ATM placements. As a direct result of Cardtronics carefully selecting well-regarded locations such as Valero Energy (NYSE:VLO) Retail Holdings Inc Corner Stores, our ATMs play an important role in connecting consumers with their financial institutions, creating convenient cash access in destination retail locations”.

Valero Energy (NYSE:VLO) shares were at 24.63 at the end of the last day’s trading. There’s been a -4.5% change in the stock price over the past 3 months.

Valero Energy (NYSE:VLO) Analyst Advice
Consensus Opinion: Hold
Mean recommendation: 2.14
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 2.06
Zack’s Rank: 2 out of 20 in the industry