Stocks of Valero Energy Corp. (NYSE:VLO) traded higher last session on Wall Street, up 0.83% to $170.98.
VLO stock price is now 20.89% away from the 50-day moving average and 30.83% away from the 200-day moving average. The market capitalization of the company currently stands at $56.85B.
With the price target enhanced from $156 to $210, BofA Securities Upgraded its rating from Neutral to Buy for Valero Energy Corp. (NYSE: VLO). , while ‘Tudor Pickering Holt & Co.’ rates the stock as ‘Hold’
In other news, Gorder Joseph W, Director sold 75,580 shares of the company’s stock on Aug 14 ’23. 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 $106.33 million. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Valero Energy Corp. has had a low of $104.18 and a high of $171.16. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.56, and a quick ratio of 1.11. The fifty day moving average price for VLO is $142.32 and a two-hundred day moving average price translates $131.01 for the stock.
The latest earnings results from Valero Energy Corp. (NYSE: VLO) was released for Dec, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $3.55, beating analysts’ expectations of $2.96 by 0.59. This compares to $8.07 EPS in the same period last year. The net profit margin was 6.08% and return on equity was 35.30% for VLO. The company reported revenue of $35.41 billion for the quarter, compared to $41.75 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.17 percent. For the current quarter, analysts expect VLO to generate $30.64B in revenue.
