In the latest trading session, 1.19 million Valero Energy Corporation (NYSE:VLO) shares changed hands as the company’s beta touched 2.13. With the company’s most recent per share price at $65.60 changing hands around $0.9 or 1.39% at last look, the market valuation stands at $26.51B. VLO’s current price is a discount, trading about -29.5% 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 45.98% up since then. When we look at Valero Energy Corporation’s average trading volume, we note the 10-day average is 3.31 million shares, with the 3-month average coming to 4.23 million.
Analysts gave the Valero Energy Corporation (VLO) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.90. If we narrow down to specifics, the data shows that 1 out of 21 analysts rate the stock as a Sell, with a further 2 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 $0.76.
Valero Energy Corporation (NYSE:VLO) trade information
Instantly VLO is in green as seen in intraday trades today. With action -1.25%, the performance over the past five days has been red. The jump to weekly highs of 67.17 on Tuesday, 09/14/21 added 1.39% to the stock’s daily price. The company’s shares are showing year-to-date upside of 14.37%, with the 5-day performance at -1.25% in the red. However, in the 30-day time frame, Valero Energy Corporation (NYSE:VLO) is -2.34% down. Looking at the short shares, we see there were 12.26 million shares sold at short interest cover period of 3.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is $83.41, meaning bulls need an upside of 21.35% from its recent market value. According to analyst projections, VLO’s forecast low is $66.00 with $110.00 as the target high. To hit the forecast high, the stock’s price needs a -67.68% plunge from its current level, while the stock would need to soar -0.61% 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 -18.43% over the past 6 months, a 106.41% in annual growth rate that is considerably higher than the industry average of 26.40%. 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 165.50%, while the growth in revenue is estimated to hit 135.80% for the next quarter. Year-over-year growth is forecast to reach 52.80% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of $24.73 billion. 5 analysts are of the opinion that Valero Energy Corporation’s revenue for the quarter ending Dec 2021 will be $25.35 billion. The estimates for the next quarter sales put growth at 52.70%.
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 between October 20 and October 25. The 6.06% annual yield figure for the share gives it an annual dividend of 3.92. It is important to note, however, that the 6.06% 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 4.53 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 79.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 79.98%. There are 79.66% institutions holding the Valero Energy Corporation stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Jun 29, 2021, the company held 11.28% of the shares, roughly 46.11 million VLO shares worth $3.6 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 9.21% or 37.67 million shares worth $2.94 billion as of Jun 29, 2021.
Among Mutual Funds, the top two as of Jun 29, 2021 were Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. With 11.55 million shares estimated at $901.49 million under it, the former controlled 2.82% of total outstanding shares. On the other hand, Select Sector SPDR Fund-Energy Select held about 2.77% of the shares, roughly 11.33 million shares worth around $884.99 million.