Analysts Update Their Price Forecasts For Valero Energy Corp. (VLO)

Valero Energy Corp. (VLO) concluded trading on Wednesday at a closing price of $180.37, with 4.13 million shares of worth about $744.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.62% during that period and on April 3, 2024 the price saw a gain of about 1.78%. Currently the company’s common shares owned by public are about 333.30M shares, out of which, 330.80M shares are available for trading.

Stock saw a price change of 7.84% in past 5 days and over the past one month there was a price change of 24.65%. Year-to-date (YTD), VLO shares are showing a performance of 38.75% which increased to 29.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $104.18 but also hit the highest price of $177.32 during that period. The average intraday trading volume for Valero Energy Corp. shares is 3.48 million. The stock is currently trading 11.40% above its 20-day simple moving average (SMA20), while that difference is up 21.62% for SMA50 and it goes to 35.57% higher than SMA200.

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Valero Energy Corp. (NYSE: VLO) currently have 333.30M outstanding shares and institutions hold larger chunk of about 80.81% of that.

The stock has a current market capitalization of $59.97B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 7.29, while it has posted earnings per share of $24.74 in the same period. It has Quick Ratio of 1.11 while making debt-to-equity ratio of 0.48. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VLO, volatility over the week remained 2.92% while standing at 2.68% over the month.

Analysts are in expectations that Valero Energy Corp. (VLO) stock would likely to be making an EPS of $3.12 in the current quarter, while forecast for next quarter EPS is $5.56 and it is $13.42 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.12 which is $3.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $8.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -32.67% while it is estimated to decrease by -18.27% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on March 22, 2024 offering a Neutral rating for the stock and assigned a target price range of between $150 and $173 to it. Coverage by BofA Securities stated Valero Energy Corp. (VLO) stock as a Buy in their note to investors on March 15, 2024, suggesting a price target of $210 for the stock. On January 24, 2024, Citigroup Initiated their recommendations, while on October 30, 2023, Tudor Pickering Holt & Co. Downgrade their ratings for the stock with a price target of $130. Stock get a Neutral rating from BofA Securities on August 15, 2023.

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