Valero Energy Corporation’s Stock Price Soars to $177.22, Marking a Robust 2.65% Increase

Valero Energy Corporation (VLO)

177.22 USD +4.58 (+2.65%) Volume: 3.15M

Valero Energy Corporation’s stock price soars at 177.22 USD, marking a notable increase of +2.65% in the current trading session with a substantial trading volume of 3.15M. Enjoying a robust year-to-date performance, VLO stock has surged by +36.32%, making it a standout performer in the energy sector.

Latest developments on Valero Energy Corporation

Valero Energy Corporation (NYSE:VLO) has been a standout in the S&P 500 Q1, with its stock outperforming competitors on a strong trading day. The stock’s momentum has been bolstered by Global Retirement Partners LLC and Claro Advisors LLC boosting their positions in Valero Energy. The company’s stock reached a new 52-week high following an analyst upgrade, with its price target being raised to $178.00. However, the State of Alaska Department of Revenue reduced its holdings in the company, selling 21,890 shares. Will Valero Energy beat estimates again in its upcoming earnings report? Only time will tell.

Valero Energy Corporation on Smartkarma

Valero Energy, a leading energy company, has been under the spotlight in recent months due to its strong financial performance and focus on renewable energy. According to Baptista Research, a top independent analyst on Smartkarma, Valero Energy recorded impressive results in the fourth quarter of 2023, with the highest adjusted earnings in its history. This was driven by a turnaround in refinery operations and a focus on renewables, which could potentially be a game changer for the company. The refining system achieved a record high mechanical availability of 97.4%, showcasing Valero’s commitment to safe and reliable operations. Additionally, the company also set a sales volume record in 2023, demonstrating the strength of its marketing network. These developments have been received positively by analysts, with Baptista Research leaning bull on Valero Energy‘s future prospects.

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 is a company that refines and sells petroleum products in North America. Based on Smartkarma Smart Scores, the company has a positive long-term outlook. Its Value score indicates that the company is fairly priced, while its Dividend score shows that it provides a moderate dividend yield. Additionally, Valero Energy scores high in Growth and Momentum, suggesting that it has a strong potential for future growth and has been performing well in the market. However, its Resilience score is only average, indicating that the company may face some challenges in the future. Overall, Valero Energy is expected to continue its success in the long run and provide value to its investors.

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