Valero Energy Corp. (NYSE: VLO): Reassessing Prospects

Valero Energy Corp. (VLO) concluded trading on Wednesday at a closing price of $132.90, with 4.95 million shares of worth about $657.27 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.83% during that period and on September 11, 2024 the price saw a loss of about -2.34%. Currently the company’s common shares owned by public are about 333.30M shares, out of which, 318.66M shares are available for trading.

Stock saw a price change of -4.82% in past 5 days and over the past one month there was a price change of -12.27%. Year-to-date (YTD), VLO shares are showing a performance of 2.23% which decreased to -7.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $119.88 but also hit the highest price of $184.79 during that period. The average intraday trading volume for Valero Energy Corp. shares is 2.75 million. The stock is currently trading -6.79% below its 20-day simple moving average (SMA20), while that difference is down -10.25% for SMA50 and it goes to -10.26% lower than SMA200.

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Valero Energy Corp. (NYSE: VLO) currently have 333.30M outstanding shares and institutions hold larger chunk of about 84.60% of that.

The stock has a current market capitalization of $42.58B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 7.60, while it has posted earnings per share of $17.50 in the same period. It has Quick Ratio of 1.04 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 3.33% while standing at 2.72% over the month.

Stock’s fiscal year EPS is expected to drop by -51.59% while it is estimated to increase by 11.70% 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 Wolfe Research on July 18, 2024 offering an Outperform rating for the stock and assigned a target price of $177 to it. Coverage by Mizuho stated Valero Energy Corp. (VLO) stock as an Outperform in their note to investors on July 17, 2024, suggesting a price target of $175 for the stock. On May 16, 2024, Argus Downgrade their recommendations, while on April 29, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $185. Stock get a Buy rating from TD Cowen on April 08, 2024.

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