Valero Energy Corp. (NYSE:VLO) traded at $180.19 at last check on Tuesday, April 09, made a downward move of -0.39% on its previous day’s price.
Looking at the stock we see that its previous close was $180.89 and the beta (5Y monthly) reads 1.54. The company has a trailing 12-month PE ratio of 7.28. In terms of its 52-week price range, VLO has a high of $184.79 and a low of $104.18. The company’s stock has gained about 20.50% over that past 30 days.
Valero Energy Corp. has a market cap of $59.91 billion and is expected to release its quarterly earnings report on Apr 25, 2024. With its Forward Dividend at 4.13 and a yield of 2.29%, the company’s investors could be anxious for the VLO stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $3.11, with the EPS growth for the year raised at $17.26 for 2024 and $14.24 for next year. These figures represent -30.70% and -17.50% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $32.27 billion, with a low of $29.39 billion and a high of $37.25 billion. The median projection represents growth adding up to -11.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $135.71 billion, or -6.30% down from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the VLO stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 6.74% off its SMA20 and 18.27% from its 50-day simple moving average. The RSI (14) is pointing at 76.36 while the volatility over the past week is 2.19% and jumps to 2.45% over the past one month. The beta value is 1.53, while the average true range (ATR) is currently pointing at 4.17.
Coming back to Valero Energy Corp. (NYSE:VLO), we note that the average 3-month trading volume was 3.49 million, while that of the preceding 10-day period stands at 3.04 million. Current shares outstanding are 333.30 million.
The insiders hold 0.52% of the company’s shares while institutions hold 79.95%. The data shows that short shares as of Mar 15, 2024, stood at 11.58 million at a short ratio of 3.28. This represents a 3.48% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 8.93 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 38.61% up in year-to-date price movement.
