Valero Energy Corp. (NYSE:VLO) shares, rose in value on Friday, March 15, with the stock price up by 3.98% to the previous day’s close as strong demand from buyers drove the stock to $165.73.
Actively observing the price movement in the recent trading, the stock is buoying the session at $159.39. The value of beta (5-year monthly) is 1.52 whereas the PE ratio is 6.70 over 12-month period. Referring to stock’s 52-week performance, its high was $161.10, and the low was $104.18. On the whole, VLO has fluctuated by 17.51% over the past month.
With the market capitalization of Valero Energy Corp. currently standing at about $55.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 4.13, with its dividend yield at 2.49%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $3.21, which is expected to increase to $7.18 for fiscal year $16.04 and then to about $13.38 by fiscal year 2025. Data indicates that the EPS growth is expected to be -35.60% in 2025, while the next year’s EPS growth is forecast to be -16.60%.
Analysts have estimated the company’s revenue for the quarter at $30.64 billion, with a low estimate of $25.01 billion and a high estimate of $35.92 billion. According to the average forecast, sales growth in current quarter could jump down -15.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $131.23 billion, representing a decrease of -9.40% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that VLO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VLO currently trading nearly 14.36% and 19.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.24, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 2.85%. Furthermore, Valero Energy Corp. (VLO)’s beta value is 1.52, and its average true range (ATR) is 4.44.
A comparison of Valero Energy Corp. (VLO) with its peers suggests the former has fared considerably weaker in the market. VLO showed an intraday change of 3.98% in today’s session so far, and over the past year, it grew by 33.30%%.
Data on historical trading for Valero Energy Corp. (NYSE:VLO) indicates that the trading volumes over the past 10 days have averaged 3.17 million and over the past 3 months, they’ve averaged 3.36 million. According to company’s latest data on outstanding shares, there are 333.30 million shares outstanding.
Nearly 0.51% of Valero Energy Corp.’s shares belong to company insiders and institutional investors own 79.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.52 million shares as on Feb 29, 2024, resulting in a short ratio of 2.89. According to the data, the short interest in Valero Energy Corp. (VLO) stood at 3.16% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 9.41 million. The stock has risen by 27.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VLO stock heading into the next quarter.
