Valero Energy Corporation’s Stock Price Drops to $155.69, a Decline of 4.82%: What’s Next for VLO?

Valero Energy Corporation (VLO)

155.69 USD -7.88 (-4.82%) Volume: 3.77M

Valero Energy Corporation’s stock price stands at 155.69 USD, marking a trading session drop of 4.82%, despite a YTD increase of 19.76%. With a trading volume of 3.77M, VLO’s stock performance continues to be a significant point of interest for investors.

Latest developments on Valero Energy Corporation

Valero Energy Corp’s stock experienced fluctuations today despite daily gains, underperforming compared to competitors. Cambridge Investment Research Advisors Inc. decreased its stake in Valero Energy Co., while Hsbc Holdings PLC bought a significant number of shares. The company is set to issue a quarterly dividend of $1.07 on June 28th, potentially attracting investors. With various analysts questioning if Valero Energy stock is undervalued or worth adding to a watchlist, the market response remains uncertain. Despite recent dips, Valero Energy has a history of beating earnings estimates, indicating potential growth in the future.

Valero Energy Corporation on Smartkarma

Analysts at Baptista Research on Smartkarma have been bullish on Valero Energy Corporation, highlighting the company’s strong financial performance and strategic focus on renewable diesel and ethanol. In their report titled “Valero Energy Corporation: Growth in Renewable Diesel and Ethanol A Major Growth Catalyst? – Major Drivers,” they noted that Valero achieved a net income of $1.2 billion in Q1 2024, despite extensive planned maintenance across their refining system. The analysts attributed this success to stable refining margins and high demand for diesel and gasoline. The report can be found here.

Furthermore, in another report titled “Valero Energy Corporation: Can The Turnaround In Refinery Operations & The Focus On Renewables Be A Game Changer? – Major Drivers,” Baptista Research highlighted Valero’s strong financial results for the fourth quarter of 2023, with record-breaking adjusted earnings and sales volume. The analysts praised Valero’s commitment to safe and reliable operations, as evidenced by a mechanical availability of 97.4%, the highest to date. This report can be accessed here.

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

Based on the Smartkarma Smart Scores, Valero Energy has a positive long-term outlook. With a high score in Growth, the company is positioned well for future expansion and development. This indicates that Valero Energy is expected to see strong growth in the coming years, which could lead to increased profitability and market share.

Additionally, Valero Energy scores well in Resilience, suggesting that the company is well-equipped to weather economic downturns and market fluctuations. This resilience, coupled with solid scores in Value, Dividend, and Momentum, paints a promising picture for the company’s future prospects. Overall, Valero Energy Corporation appears to be a strong player in the petroleum refining and marketing industry with a bright outlook ahead.

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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