Valero Energy Corp. [VLO] stock is trading at $183.39, up 1.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VLO shares have gain 7.44% over the last week, with a monthly amount glided 26.97%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Valero Energy Corporation to Announce First Quarter 2024 Earnings Results on April 25, 2024. In a post published today on Yahoo Finance, Valero Energy Corporation (NYSE: VLO) announced today that it will host a conference call on April 25, 2024 at 10:00 a.m. ET to discuss first quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations.
From an analyst’s perspective:
Valero Energy Corp. [NYSE: VLO] stock has seen the most recent analyst activity on March 22, 2024, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $173 from $150. Previously, BofA Securities upgraded its rating to Buy on March 15, 2024, and elevated its price target to $210. On January 24, 2024, Citigroup initiated with a Buy rating. Tudor Pickering Holt & Co. downgraded its rating to a Hold and decreased its price target to $130 on October 30, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $152 on August 15, 2023. Tudor Pickering Holt & Co. upgraded its rating to Buy for this stock on July 31, 2023, but kept the price target unchanged to $145. In a note dated April 18, 2023, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $160 to $135.
Valero Energy Corp. [VLO] stock has fluctuated between $104.18 and $183.79 over the past year. Currently, Wall Street analysts expect the stock to reach $149.18 within the next 12 months. Valero Energy Corp. [NYSE: VLO] shares were valued at $183.39 at the most recent close of the market. An investor can expect a potential drop of -18.65% 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 0.09% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.34 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 181.46 points at the first support level, and at 179.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.06, and for the 2nd resistance point, it is at 186.72.
Valero Energy Corp. [VLO] reported earnings per share of $3.55 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.96/share, meaning a difference of $0.59 and a surprise factor of 19.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $7.49 per share as compared to estimates of $7.47 per share, a difference of $0.02 representing a surprise of 0.30%.
Ratios To Look Out For
For context, Valero Energy Corp.’s Current Ratio is 1.56. As well, the Quick Ratio is 1.11, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.42, the price to book ratio is 2.32 and price to earnings (TTM) ratio is 7.41.
Transactions by insiders
Recent insider trading involved Gorder Joseph W, Director, that happened on Aug 14 ’23 when 75580.0 shares were sold.
