An overview of Valero Energy Corp.’s (VLO) institutional holdings

The price of Valero Energy Corp. (NYSE:VLO) shares last traded on Wall Street fell -0.54% to $122.07.

Based on available information, 22 analysts follow Valero Energy Corp. (NYSE:VLO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $171.00 and a low of $130.00, we find $153.00. Given the previous closing price of $122.73, this indicates a potential upside of 24.66 percent. VLO stock price is now -4.47% away from the 50-day moving average and -2.90% away from the 200-day moving average. The market capitalization of the company currently stands at $41.56B.

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Among analysts, 6 rate the stock a hold while 13 rate it a buy. Brokers who have rated the stock have averaged $150.84 as their price target over the next twelve months.

With the price target reduced from $150 to $130, Tudor Pickering Holt & Co. Downgraded its rating from Buy to Hold for Valero Energy Corp. (NYSE: VLO).

In other news, Gorder Joseph W, Director sold 75,580 shares of the company’s stock on Aug 14. The stock was sold for $10,278,389 at an average price of $135.99. Upon completion of the transaction, the Director now directly owns 621,872 shares in the company, valued at $75.91 million. Insiders disposed of 386,186 shares of company stock worth roughly $47.14 million over the past 1 year. A total of 0.49% of the company’s stock is owned by insiders.

A candlestick chart of Valero Energy Corp. (NYSE: VLO) showed a price of $123.42 on Thursday morning. During the past 12 months, Valero Energy Corp. has had a low of $104.18 and a high of $152.20. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.51, and a quick ratio of 1.08. The fifty day moving average price for VLO is $127.35 and a two-hundred day moving average price translates $125.67 for the stock.

The latest earnings results from Valero Energy Corp. (NYSE: VLO) was released for Sep, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $7.49, beating analysts’ expectations of $7.47 by 0.02. This compares to $7.19 EPS in the same period last year. The net profit margin was 7.09% and return on equity was 44.73% for VLO. The company reported revenue of $38.4 billion for the quarter, compared to $44.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -13.61 percent. For the current quarter, analysts expect VLO to generate $37.11B in revenue.

Valero Energy Corp.(VLO) Company Profile

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils. It sells its refined products through wholesale rack and bulk markets; and through approximately outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to animal feed customers. In addition, it owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets; and owns and operates a plant that processes animal fats, used cooking oils, and inedible distillers corn oils. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

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