Valero Energy Corporation (NYSE:VLO) finished Thursday with an addition of $0.91 to close at $134.86, an upside of 0.68 percent. An average of 3,493,280 shares of common stock have been traded in the last five days. There was a gain of $9.26 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 3,515,385 shares traded, while the 50-day average volume stands at 3,917,188.
VLO stock has increased by 17.23% in the last month. The company shares reached their 1-month lowest point of $112.58 on 07/11/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $97.73 and a high of $150.39 in 52 weeks. It has reached a new high 12 times so far this year and achieved 6.31% or $8.00 in price. In spite of this, the price is down -10.33% from the 52-week high.
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Insider Transactions
VLO stock investors should be aware that Valero Energy Corporation (VLO) stock had its last reported insider trading activity 268 days ago on Nov 16. In this transaction, the insider spent $236,521. COB & CEO, Gorder Joseph W, disposed of 37,567 shares at a price of $127.00 on Oct 28. The insider now owns more than $4,770,919 worth of shares.
Valuation Metrics
Valero Energy Corporation (VLO) has a trailing price-to-earnings (P/E) ratio of 4.65. The stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.30, the price-to-book (PB) ratio at 1.87, and the price-to-cash flow ratio at 5.89.
The company has a payout ratio of 13.80%. The company’s most recent quarterly dividend payment was $1.02 a share, without any change from last year. Its latest increase dividend $0.04 reported on Tuesday January 31 2023.
Financial Health
The quick ratio of Valero Energy Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.44 for the quarter ending June 29. Valero Energy Corporation’s EBITDA margin for the year ending June 29 is 11.00%, while its operating margin for the same period stands at 9.40%. Its gross profit as reported stood at $15.69 billion compared to revenue of $176.38 billion.
Earnings Surprise
For the three-month period that ended June 29, Valero Energy Corporation had $10.13 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.94 billion in the quarter, while revenues were shrunk -141.41%. The analyst consensus anticipated Valero Energy Corporation’s latest quarter earnings to come in at $5.08 per share, but it turned out to be $5.4, a 6.30% surprise. For the quarter, EBITDA amounted to $3.43 billion. Shareholders own equity worth $353.13 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Valero Energy Corporation (VLO) price momentum. RSI 9-day as of the close on 10 August was 79.68%, suggesting the stock is Overbought, with historical volatility in this time frame at 18.87%.
As of today, VLO’s price is $131.27 +7.37% or $9.26 from its 5-day moving average. VLO is currently trading +16.75% higher than its 20-day SMA and +6.72% higher than its 100-day SMA. However, the stock’s current price level is +20.78% above the SMA50 and +5.57% above the SMA200.
The stochastic %K and %D were 89.70% and 88.24%, respectively, and the average true range (ATR) was 3.62. With the 14-day stochastic at 85.53% and the average true range at 3.48, the RSI (14) stands at 74.82%. The stock has reached 3.84 on the 9-day MACD Oscillator while the 14-day reading was at 5.03.
Analyst Ratings
Tudor Pickering Holt & Co. upgraded Valero Energy Corporation (NYSE: VLO) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Valero Energy Corporation (VLO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell VLO, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 15 others rate it as a “buy”.
What is VLO’s price target for the next 12 months?
Analysts predict a range of price targets between $113.00 and $171.00, with a median target of $150.00. Taking a look at these predictions, the average price target given by analysts for Valero Energy Corporation (VLO) stock is $146.73.
