Valero Energy Corporation (NYSE: VLO) stock jumped 2.04% on Wednesday to $114.79 against a previous-day closing price of $112.50. With 4.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.69 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $114.93 whereas the lowest price it dropped to was $111.57. The 52-week range on VLO shows that it touched its highest point at $150.39 and its lowest point at $96.93 during that stretch. It currently has a 1-year price target of $148.12. With its current market cap of 41.60 billion, VLO has annualized dividend of $4.08 while the current yield stands at 3.55%. Beta for the stock currently stands at 1.65.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VLO was up-trending over the past week, with a rise of 2.40%, but this was down by -2.60% over a month. Three-month performance dropped to -13.32% while six-month performance fell -15.57%. The stock lost -7.40% in the past year, while it has lost -9.51% so far this year. A look at the trailing 12-month EPS for VLO yields 35.19 with Next year EPS estimates of 13.73. For the next quarter, that number is 5.38. This implies an EPS growth rate of -23.80% for this year and -38.18% for next year.
Float and Shares Shorts:
At present, 369.00 million VLO shares are outstanding with a float of 359.46 million shares on hand for trading. On Apr 27, 2023, short shares totaled 10.53 million, which was 2.91% higher than short shares on Mar 30, 2023. In addition to Mr. Joseph W. Gorder as the firm’s Chairman & CEO, Mr. R. Lane Riggs serves as its Pres & COO.
Institutional Ownership:
Through their ownership of 83.76% of VLO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 47.14% of VLO, in contrast to 31.64% held by mutual funds. Shares owned by individuals account for 1.68%. As the largest shareholder in VLO with 9.10% of the stake, The Vanguard Group, Inc. holds 33,783,533 shares worth 33,783,533. A second-largest stockholder of VLO, SSgA Funds Management, Inc., holds 26,494,519 shares, controlling over 7.14% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VLO, holding 21,793,653 shares or 5.87% stake. With a 3.11% stake in VLO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 11,532,523 shares are owned by the mutual fund manager. The SPDR Series – Energy Select Secto, which owns about 2.90% of VLO stock, is the second-largest Mutual Fund holder. It holds 10,758,455 shares valued at 1.23 billion. RBC Global Resources Fund holds 2.56% of the stake in VLO, owning 9,500,000 shares worth 1.09 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, VLO reported revenue of $51.64B and operating income of $6.22B. The EBITDA in the recently reported quarter was $6.85B and diluted EPS was $11.57.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VLO analysts setting a high price target of $172.00 and a low target of $118.00, the average target price over the next 12 months is $147.89. Based on these targets, VLO could surge 49.84% to reach the target high and rise by 2.8% to reach the target low. Reaching the average price target will result in a growth of 28.84% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded VLO stock several times over the past three months with 9 Buys and 4 Sells. In these transactions, 19,996 shares were bought while 8,844 shares were sold. The number of buy transactions has increased to 43 while that of sell transactions has risen to 38 over the past year. The total number of shares bought during that period was 429,840 while 322,035 shares were sold.
