Valero Energy Corporation’s Stock Price Drops to $141.26, Down 4.70% in Latest Trading Session

Valero Energy Corporation (VLO)

141.26 USD -6.96 (-4.70%) Volume: 4.07M

Valero Energy Corporation’s stock price currently stands at 141.26 USD, experiencing a decrease of -4.70% in this trading session, with a trading volume of 4.07M. Despite today’s decline, the stock showcases a year-to-date (YTD) growth of +8.66%, reflecting its resilience in the energy sector.

Latest developments on Valero Energy Corporation

Recent events have stirred up interest in Valero Energy‘s stock price movements. Neo Ivy Capital Management has made a new investment in the company, while Blue Trust Inc. has boosted its stock holdings. However, Leeward Investments LLC MA and Sumitomo Mitsui Trust Holdings Inc. have sold off shares. The company has also faced controversy, with accusations of fueling genocide at the ¡Viva Viva Palestina! blockade action. Despite this, projections show an intrinsic value of €243.57 as of August 19, 2024, indicating potential for growth in the future.

Valero Energy Corporation on Smartkarma

Analysts at Baptista Research have provided bullish coverage on Valero Energy Corporation, highlighting the company’s growth in renewable diesel and sustainable aviation fuel as critical growth levers. In their research report titled “Valero Energy Corporation: Growth in Renewable Diesel & Sustainable Aviation Fuel & Other Critical Growth Levers! – Financial Forecasts,” they discussed the company’s financial outcomes for the second quarter of 2024, noting a net income of $880 million. Despite facing challenges, Valero Energy continues to navigate market conditions effectively.

Furthermore, Baptista Research‘s analysis in another report titled “Valero Energy Corporation: Can The Turnaround In Refinery Operations & The Focus On Renewables Be A Game Changer? – Major Drivers” emphasized the company’s strong financial performance in the fourth quarter of 2023. With a focus on safe and reliable operations, Valero achieved record sales volume in 2023, demonstrating the effectiveness of its marketing network. The analysts’ bullish sentiment reflects optimism regarding Valero Energy‘s potential for growth and success in the energy sector.

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, has a promising long-term outlook according to Smartkarma Smart Scores. With a high score in Growth, Valero Energy is positioned well for future expansion and development. Additionally, the company’s Momentum score indicates strong performance and potential for continued success in the market.

Despite facing challenges, Valero Energy demonstrates resilience, as reflected in its Smart Scores. The company’s Value and Dividend scores also suggest stability and potential for returns for investors. Overall, Valero Energy Corporation’s diversified operations in refining and marketing, along with its focus on producing a variety of refined products, position it favorably for long-term success in the industry.

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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