Technical Outlook And Game Plan For Valero Energy Corp. (NYSE: VLO)

Valero Energy Corp. (VLO) concluded trading on Wednesday at a closing price of $150.05, with 4.17 million shares of worth about $626.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.05% during that period and on July 17, 2024 the price saw a gain of about 0.82%. Currently the company’s common shares owned by public are about 333.30M shares, out of which, 325.27M shares are available for trading.

Stock saw a price change of 3.55% in past 5 days and over the past one month there was a price change of -0.01%. Year-to-date (YTD), VLO shares are showing a performance of 15.42% which increased to 31.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $113.16 but also hit the highest price of $184.79 during that period. The average intraday trading volume for Valero Energy Corp. shares is 2.74 million. The stock is currently trading -0.99% below its 20-day simple moving average (SMA20), while that difference is down -3.06% for SMA50 and it goes to 3.95% 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 82.93% of that.

The stock has a current market capitalization of $49.07B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 7.43, while it has posted earnings per share of $20.20 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.42. 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 2.48% while standing at 2.70% over the month.

Stock’s fiscal year EPS is expected to drop by -47.69% while it is estimated to increase by 5.28% in next year. EPS is likely to shrink at an annualized rate of -13.50% for next 5-years, compared to annual growth of 27.90% made by the stock over the past 5-years.

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 Jul-18-24 offering an Outperform rating for the stock and assigned a target price range of between $165 and $175 to it. On April 29, 2024, TD Cowen Reiterated their recommendations, while on April 08, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $190. Stock get a Neutral rating from Mizuho on March 22, 2024.

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