In the last trading session, 4.48 million Valero Energy Corporation (NYSE:VLO) shares changed hands as the company’s beta touched 2.15. With the company’s per share price at $80.98 changed hands at $1.0 or 1.25% during last session, the market valuation stood at $34.22B. VLO’s last price was a discount, traded about -4.9% off its 52-week high of $84.95. The share price had its 52-week low at $35.44, which suggests the last value was 56.24% up since then. When we look at Valero Energy Corporation’s average trading volume, we note the 10-day average is 3.74 million shares, with the 3-month average coming to 3.51 million.
Analysts gave the Valero Energy Corporation (VLO) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 1 out of 19 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VLO as a Hold, 16 felt it is a Buy and 0 rated the stock as Underweight. Valero Energy Corporation’s EPS for the current quarter is expected to be $0.84.
Valero Energy Corporation (NYSE:VLO) trade information
Instantly VLO was in green as seen at the end of in last trading. With action -1.60%, the performance over the past five days has been red. The jump to weekly highs of 82.44 on Tuesday, 06/22/21 added 1.25% to the stock’s daily price. The company’s shares are showing year-to-date upside of 43.15%, with the 5-day performance at -1.60% in the red. However, in the 30-day time frame, Valero Energy Corporation (NYSE:VLO) is 4.90% up. Looking at the short shares, we see there were 8.15 million shares sold at short interest cover period of 2.13 days.
The consensus price target for the stock as assigned by Wall Street analysts is $90.63, meaning bulls need an upside of 10.65% from its current market value. According to analyst projections, VLO’s forecast low is $73.00 with $119.00 as the target high. To hit the forecast high, the stock’s price needs a -46.95% plunge from its current level, while the stock would need to tank 9.85% for it to hit the projected low.
Valero Energy Corporation (VLO) estimates and forecasts
Data shows that the Valero Energy Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 47.85% over the past 6 months, a 138.46% in annual growth rate that is considerably higher than the industry average of 29.20%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2021 revenue estimates. The rating firms predict current quarter revenue for Valero Energy Corporation will rise 167.20%, while the growth in revenue is estimated to hit 207.80% for the next quarter. Year-over-year growth is forecast to reach 40.10% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $22.04 billion. 4 analysts are of the opinion that Valero Energy Corporation’s revenue for the quarter ending Sep 2021 will be $24.37 billion. The company’s revenue for the corresponding quarters a year ago was $10.4 billion. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 112.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -19.50%. The 2021 estimates are for Valero Energy Corporation earnings to decrease by -160.10%, but the outlook for the next 5-year period is at -13.00% per year.
Valero Energy Corporation is expected to release its next quarterly earnings report in July. The 4.84% annual yield figure for the share gives it an annual dividend of 3.92. It is important to note, however, that the 4.84% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.43 per year.
Valero Energy Corporation (NYSE:VLO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.40% of Valero Energy Corporation shares while 78.33% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.64%. There are 78.33% institutions holding the Valero Energy Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Dec 30, 2020, the company held 11.17% of the shares, roughly 45.65 million VLO shares worth $2.58 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 8.39% or 34.29 million shares worth $1.94 billion as of Dec 30, 2020.
Among Mutual Funds, the top two as of Dec 30, 2020 were Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. With 11.49 million shares estimated at $649.83 million under it, the former controlled 2.81% of total outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held about 2.64% of the shares, roughly 10.8 million shares worth around $772.98 million.