Valero Energy Corporation’s Stock Price Soars to $166.06, Marking a Remarkable 4.77% Uptick

Valero Energy Corporation (VLO)

166.06 USD +7.56 (+4.77%) Volume: 4.1M

Valero Energy Corporation’s stock price surges to 166.06 USD, registering a robust 4.77% increase this trading session with a substantial trading volume of 4.1M. With a remarkable YTD performance, the stock boasts a 27.74% increase, reinforcing VLO as a compelling investment choice.

Latest developments on Valero Energy Corporation

Valero Energy stock has seen a series of ups and downs recently, with the company beating EPS but missing revenue for Q1 2024. Despite this, refining stocks are on the rise after Big Oil, with Valero outperforming competitors on a strong trading day. Analyst recommendations have been mixed, with Mizuho increasing the price target to $176.00, while Piper Sandler lowered it to $187.00. The company’s Q2 and Q3 2024 earnings estimates have been boosted, but Argus Research downgraded the stock to “Hold”. With concerns about growth, Valero Energy stock has been downgraded, but it continues to declare regular cash dividends, showing stability amidst market fluctuations.

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 energy. In their report titled “Valero Energy Corporation: Growth in Renewable Diesel and Ethanol A Major Growth Catalyst? – Major Drivers,” they point out that Valero achieved a net income of $1.2 billion in Q1 2024, thanks to stable refining margins and high demand for diesel and gasoline. The analysts believe that Valero’s ability to maximize output despite extensive planned maintenance showcases the company’s operational efficiency.

In another report by Baptista Research titled “Valero Energy Corporation: Can The Turnaround In Refinery Operations & The Focus On Renewables Be A Game Changer? – Major Drivers,” analysts commend Valero for recording strong financial results in the fourth quarter of 2023. They highlight the company’s record-breaking sales volume and mechanical availability of 97.4%, emphasizing Valero’s commitment to safe and reliable operations. The analysts suggest that Valero’s focus on renewables and efficient refinery operations could be a game changer for the company’s future growth and success.

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 based on its Smartkarma Smart Scores. With a high score in Growth and Momentum, the company is positioned for future expansion and success in the industry. Valero Energy‘s focus on producing a variety of refined products, including conventional gasolines and petrochemicals, showcases its ability to adapt to changing market demands and trends.

Additionally, Valero Energy‘s scores in Value, Dividend, and Resilience indicate a solid foundation for financial stability and shareholder returns. As the company continues to operate refineries in multiple countries, including the United States, Canada, and Aruba, its diversified portfolio and strong operational performance bode well for its future growth and sustainability in the competitive energy sector.

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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