That’s why I Feel Comfortable With Valero Energy Corp.’s (VLO) Future

Valero Energy Corp. [VLO] stock is trading at $145.09, up 2.48%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VLO shares have gain 3.98% over the last week, with a monthly amount glided 7.91%, and seem to be holding up well over a long-time horizon.

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On 25, January 2024, Valero Energy Reports 2023 Fourth Quarter and Full Year Results. In a post published today on Yahoo Finance, Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year.

From an analyst’s perspective:

Previously, Tudor Pickering Holt & Co. downgraded its rating to Hold on October 30, 2023, and dropped its price target to $130. On August 15, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $152 on the stock. Tudor Pickering Holt & Co. upgraded its rating to a Buy but stick to its price target of $145 on July 31, 2023. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $135 on April 18, 2023. Tudor Pickering Holt & Co. downgraded its rating to Hold for this stock on April 17, 2023. In a note dated March 09, 2023, UBS initiated an Buy rating and provided a target price of $176 on this stock.

Valero Energy Corp. [VLO] stock has fluctuated between $104.18 and $152.20 over the past year. Currently, Wall Street analysts expect the stock to reach $132.09 within the next 12 months. Valero Energy Corp. [NYSE: VLO] shares were valued at $145.09 at the most recent close of the market. An investor can expect a potential drop of -8.96% based on the average VLO price forecast.

Analyzing the VLO fundamentals

Valero Energy Corp. [NYSE:VLO] reported sales of 144.80B for the trailing twelve months, which represents a drop of -15.14%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 141.83 points at the first support level, and at 138.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 147.70, and for the 2nd resistance point, it is at 150.32.

Ratios To Look Out For

For context, Valero Energy Corp.’s Current Ratio is 1.56. Also, the Quick Ratio is 1.11, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 1.84 and price to earnings (TTM) ratio is 5.87.

Transactions by insiders

Recent insider trading involved Gorder Joseph W, Director, that happened on Aug 14 when 75580.0 shares were sold.

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