Weak Fundamental Momentum Sinks Valero Energy Corp.

Valero Energy Corp. (NYSE:VLO) has a beta value of 1.37 and has seen 1.03 million shares traded in the recent trading session. The company, currently valued at $43.70B, closed the recent trade at $136.39 per share which meant it lost -$4.78 on the day or -3.39% during that session. The VLO stock price is -35.49% off its 52-week high price of $184.79 and 12.1% above the 52-week low of $119.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.82 million shares traded. The 3-month trading volume is 2.82 million shares.

The consensus among analysts is that Valero Energy Corp. (VLO) is Buy stock at the moment, with a recommendation rating of 1.85. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 18 have rated it as a Hold, with 14 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.06.

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Valero Energy Corp. (NYSE:VLO) trade information

Sporting -3.39% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VLO stock price touched $136.39 or saw a rise of 5.33%. Year-to-date, Valero Energy Corp. shares have moved 4.92%, while the 5-day performance has seen it change 0.04%. Over the past 30 days, the shares of Valero Energy Corp. (NYSE:VLO) have changed 1.97%. Short interest in the company has seen 13.44 million shares shorted with days to cover at 4.06.

Wall Street analysts have a consensus price target for the stock at $141.5, which means that the shares’ value could jump 3.61% from the levels at last check today. The projected low price target is $93.0 while the price target rests at a high of $197.0. In that case, then, we find that the latest price level in today’s session is -44.44% off the targeted high while a plunge would see the stock lose 31.81% from the levels at last check today.

Valero Energy Corp. (VLO) estimates and forecasts

Figures show that Valero Energy Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -19.29% over the past 6 months, with this year growth rate of -62.21%, compared to -16.50% for the industry. Revenue growth from the last financial year stood is estimated to be -9.80%.

7 analysts offering their estimates for the company have set an average revenue estimate of 31.98B for the current quarter. 7 have an estimated revenue figure of 32.13B for the next ending quarter. Year-ago sales stood 38.4B and 35.41B respectively for this quarter and the next, and analysts expect sales will shrink by -16.70% for the current quarter and -9.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.90% over the past 5 years. Earnings growth for 2024 is a modest -63.63% while over the next 5 years, the company’s earnings are expected to decrease by -1.00%.

VLO Dividends

Valero Energy Corp. is expected to release its next earnings report on 2024-Oct-24 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 4.23 at a share yield of 3.10%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.43%.

Valero Energy Corp. (NYSE:VLO)’s Major holders

Insiders own 0.54% of the company shares, while shares held by institutions stand at 83.80% with a share float percentage of 84.25%. Investors are also buoyed by the number of investors in a company, with Valero Energy Corp. having a total of 1915.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 30.99 million shares worth more than $4.86 billion. As of 2024-06-30, VANGUARD GROUP INC held 9.3614% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 26.84 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.21 billion and represent 8.1096% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Select Sector SPDR Fund-Energy Select. As of Jun 30, 2024, the former fund manager holds about 3.22% shares in the company for having 10.33 shares of worth $1.41 billion while later fund manager owns 8.54 shares of worth $1.16 billion as of Sep 30, 2024, which makes it owner of about 2.66% of company’s outstanding stock.