Some Investing Thoughts On Valero Energy Corp (NYSE: VLO)

Valero Energy Corp (VLO) concluded trading on Wednesday at a closing price of $130.16, with 4.53 million shares of worth about $589.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.77% during that period and on Wednesday the price saw a loss of about -2.62%. Currently the company’s common shares owned by public are about 316.58M shares, out of which, 314.90M shares are available for trading.

Stock saw a price change of -5.10% in past 5 days and over the past one month there was a price change of -7.89%. Year-to-date (YTD), VLO shares are showing a performance of 6.18% which decreased to -8.07% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $116.84 but also hit the highest price of $184.79 during that period. The average intraday trading volume for Valero Energy Corp shares is 2.99 million. The stock is currently trading -4.08% below its 20-day simple moving average (SMA20), while that difference is down -0.90% for SMA50 and it goes to -7.97% lower than SMA200.

Valero Energy Corp (NYSE: VLO) currently have 316.58M outstanding shares and institutions hold larger chunk of about 83.83% of that.

The stock has a current market capitalization of $41.21B and its 3Y-monthly beta is at 1.34. PE ratio of stock for trailing 12 months is 15.35, while it has posted earnings per share of $8.48 in the same period. Its PEG reads 0.74 and has Quick Ratio of 1.03 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 3.01% while standing at 3.59% over the month.

Stock’s fiscal year EPS is expected to drop by -9.06% while it is estimated to increase by 41.78% in next year. EPS is likely to grow at an annualized rate of 20.62% for next 5-years, compared to annual growth of 7.97% 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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