Valero Energy Corporation’s Stock Price Drops to $130.91, Witnessing a 4.37% Decrease

Valero Energy Corporation (VLO)

130.91 USD -5.98 (-4.37%) Volume: 3.02M

Valero Energy Corporation’s stock price sits at 130.91 USD, experiencing a drop of -4.37% this trading session with a trading volume of 3.02M, yet maintaining a positive year-to-date percentage change of +6.79%.

Latest developments on Valero Energy Corporation

Valero Energy Corporation (NYSE:VLO) has been experiencing fluctuations in its stock price as various investment firms have been making significant moves with their holdings. Allspring Global Investments Holdings LLC purchased shares, while Sapient Capital LLC and Apollon Wealth Management LLC sold shares. Additionally, Community Financial Services Group LLC and State of Alaska Department of Revenue decreased their stakes. On the other hand, swisspartners Advisors Ltd, Private Management Group Inc., and Westbourne Investment Advisors Inc. acquired shares. These actions have contributed to the uncertainty surrounding Valero’s stock price today, as analysts speculate on whether it will climb or sink in the near future.

Valero Energy Corporation on Smartkarma

Analysts on Smartkarma have been closely covering Valero Energy Corporation, with insights from providers like Baptista Research and Value Investors Club. Baptista Research‘s report titled “Valero Energy Corporation: An Insight Into The Impact of International Trade and Market Dynamics! – Major Drivers” leans towards a bullish sentiment, highlighting the company’s recent financial performance for the third quarter of 2024. The report notes that Valero’s refineries operated at 90% of their throughput capacity despite significant maintenance activities and a challenging margin environment.

Similarly, Value Investors Club’s report on “Valero Energy Corp (VLO) – Monday, Jun 24, 2024″ also expresses a bullish sentiment towards Valero Energy. The report praises Valero as a top performer in the oil refining industry, showcasing resilience during stock price declines and offering investors strong returns over the years. Despite a pullback from April’s all-time high, Valero has provided a total return of 72% for the author, showcasing its consistent growth and potential in the market.

A look at Valero Energy Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Valero Energy Corporation, an independent petroleum refining and marketing company, is looking at a promising long-term outlook based on the Smartkarma Smart Scores. With solid scores in Dividend and Growth, the company is positioned well for future expansion and shareholder returns. Additionally, its Resilience score indicates a stable foundation to weather any potential market fluctuations. Although Valero Energy‘s Value and Momentum scores are not as high, the overall outlook remains positive for the company.

Valero Energy Corporation, known for its production of a variety of refined products, including gasoline, jet fuel, and petrochemicals, continues to show strength in key areas according to the Smartkarma Smart Scores. With a focus on sustainability and innovation, the company’s Growth score reflects its potential for continued success in the industry. Investors looking for a reliable dividend yield can find reassurance in Valero Energy‘s strong Dividend score. Overall, Valero Energy‘s outlook remains steady and poised for growth in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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