Is Valero Energy Corp. (NYSE: VLO) Back In The Buying Zone?

Currently, there are 333.30M common shares owned by the public and among those 318.30M shares have been available to trade.

The company’s stock has a 5-day price change of -4.26% and -13.75% over the past three months. VLO shares are trading 8.66% year to date (YTD), with the 12-month market performance up to 5.75% higher. It has a 12-month low price of $119.88 and touched a high of $184.79 over the same period. VLO has an average intraday trading volume of 2.74 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.10%, -6.80%, and -3.83% respectively.

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Institutional ownership of Valero Energy Corp. (NYSE: VLO) shares accounts for 84.57% of the company’s 333.30M shares outstanding.

It has a market capitalization of $45.26B and a beta (3y monthly) value of 1.39. The stock’s trailing 12-month PE ratio is 8.07, while the earnings-per-share (ttm) stands at $17.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.42% over the week and 3.33% over the month.

Earnings per share for the fiscal year are expected to decrease by -50.67%, and 10.42% over the next financial year. EPS should shrink at an annualized rate of -13.50% over the next five years, compared to 27.90% over the past 5-year period.

Looking at the support for the VLO, a number of firms have released research notes about the stock. Wolfe Research stated their Outperform rating for the stock in a research note on July 18, 2024, with the firm’s price target at $177. Mizuho coverage for the Valero Energy Corp. (VLO) stock in a research note released on July 17, 2024 offered a Outperform rating with a price target of $175. Argus was of a view on May 16, 2024 that the stock is Hold, while TD Cowen gave the stock Buy rating on April 29, 2024, issuing a price target of $190- $185. TD Cowen on their part issued Buy rating on April 08, 2024.

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