Valero Energy Corporation (NYSE:VLO) saw a downside of -1.81% to close Monday at $131.16 after subtracting -$2.42 on the day. The 5-day average trading volume is 3,705,860 shares of the company’s common stock. It has gained $134.61 in the past week and touched a new high 2 times within the past 5 days. An average of 3,640,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,640,818.
VLO’s 1-month performance is 6.64% or $8.17 on its low of $122.57 reached on 08/03/23. The company’s shares have touched a 52-week low of $97.73 and high of $150.39, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, VLO has achieved 3.39% or $4.30 and has reached a new high 12 times. However, the current price is down -12.79% from the 52-week high price.
Insider Transactions
VLO stock investors last saw insider trading activity on Aug 14.Gorder Joseph W (Director) most recently sold 75,580 shares at $135.99 per share on Aug 14. This transaction cost the insider $10,278,389. EVP & CCO, Simmons Gary K., sold 1,750 shares at a price of $135.16 on Nov 16. Then, on Oct 28, COB & CEO Gorder Joseph W sold 37,567 shares at a price of $127.00 per share. This transaction amounted to $4,770,919.
Valuation Metrics
VLO stock has a beta of 1.62. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.29 while the price-to-book (PB) in the most recent quarter is 1.82, with the price to cash flow ratio at 4.81.
Valero Energy Corporation’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.39, while the total debt to equity was 0.44. In terms of profitability, the gross margin trailing 12 months is 10.20%. The trailing 12-month EBITDA margin is 11.00% while for the period ending June 29, Valero Energy Corporation’s operating margin was 9.40%. The firm’s gross profit as reported stood at $15.69 billion against revenue of $176.38 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -141.41% to $1.94 billion, while revenue of $3.07 billion was -57.77% off the previous quarter. Analysts expected VLO to announce $5.08 per share in earnings in its latest quarter, but it posted $5.4, representing a 6.30% surprise. EBITDA for the quarter stood at more than $3.43 billion. VLO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 32.67 billion, with total debt at $11.32 billion. Shareholders hold equity totaling $353.13 million.
Let’s look briefly at Valero Energy Corporation (VLO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 52.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.90%.
The stock’s 5-day moving average is $131.77, reflecting a -3.91% or -$5.34 change from its current price. VLO is currently trading +4.34% above its 20-day SMA, -3.57% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +16.65% and SMA200 by+0.89%.
Stochastic %K and %D was 57.85% and 55.93% and the average true range (ATR) pointed at 3.97. The RSI (14) points at 56.51%, while the 14-day stochastic is at 51.31% with the period’s ATR at 3.79. The stock’s 9-day MACD Oscillator is pointing at -1.44 and 0.64 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Valero Energy Corporation (NYSE: VLO), BofA Securities downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for VLO stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate VLO as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.
What is VLO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $113.00 and a high of $171.00, with their median price target at $147.50. Looking at these predictions, the average price target given by analysts is for Valero Energy Corporation (VLO) stock is $146.83.
