Better Times Ahead For Valero Energy Corp (NYSE: VLO)?

Valero Energy Corp (VLO) concluded trading on Wednesday at a closing price of $121.74, with 4.2 million shares of worth about $510.99 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.15% during that period and on December 18, 2024 the price saw a loss of about -2.52%. Currently the company’s common shares owned by public are about 316.58M shares, out of which, 314.95M shares are available for trading.

Stock saw a price change of -8.67% in past 5 days and over the past one month there was a price change of -15.46%. Year-to-date (YTD), VLO shares are showing a performance of -6.35% which decreased to -7.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $122.91 but also hit the highest price of $184.79 during that period. The average intraday trading volume for Valero Energy Corp shares is 2.71 million. The stock is currently trading -9.40% below its 20-day simple moving average (SMA20), while that difference is down -10.03% for SMA50 and it goes to -18.32% lower than SMA200.

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Valero Energy Corp (NYSE: VLO) currently have 316.58M outstanding shares and institutions hold larger chunk of about 83.13% of that.

The stock has a current market capitalization of $38.54B and its 3Y-monthly beta is at 1.39. PE ratio of stock for trailing 12 months is 10.92, while it has posted earnings per share of $11.15 in the same period. It has Quick Ratio of 1.11 while making debt-to-equity ratio of 0.43. 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 2.59% while standing at 2.49% over the month.

Stock’s fiscal year EPS is expected to drop by -66.60% while it is estimated to increase by 9.22% in next year. EPS is likely to shrink at an annualized rate of -9.00% 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 TD Cowen on October 25, 2024 offering a Buy rating for the stock and assigned a target price range of between $145 and $140 to it. Coverage by BofA Securities stated Valero Energy Corp (VLO) stock as a Neutral in their note to investors on October 17, 2024, suggesting a price target of $150 for the stock. On October 09, 2024, Wells Fargo Upgrade their recommendations, while on September 20, 2024, Piper Sandler Downgrade their ratings for the stock with a price target of $123. Stock get an Outperform rating from Wolfe Research on July 18, 2024.

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