Valero Energy Corporation [VLO] Stock trading around $67.67 per share: What’s Next?

Valero Energy Corporation [NYSE: VLO] stock went on a downward path that fall over -3.97% on Wednesday, amounting to a one-week price decrease of less than -6.42%. The company report on June 23, 2021 that Valero Energy Corporation to Announce Second Quarter 2021 Earnings Results on July 29, 2021.

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Valero Energy Corporation (NYSE:VLO) (“Valero”) announced that it will host a conference call on July 29, 2021 at 10:00 a.m. ET to discuss second quarter 2021 earnings results, which will be released earlier that day, and provide an update on company operations.

Persons interested in listening to the conference call may join the webcast on Valero’s Investor Relations website at www.investorvalero.com.

Over the last 12 months, VLO stock rose by 24.39%. The one-year Valero Energy Corporation stock forecast points to a potential upside of 27.39. The average equity rating for VLO stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $26.88 billion, with 407.00 million shares outstanding and 406.93 million shares in the current float. Compared to the average trading volume of 3.92M shares, VLO stock reached a trading volume of 5187155 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Valero Energy Corporation [VLO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLO shares is $93.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLO stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Valero Energy Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 03, 2021. The new note on the price target was released on April 16, 2021, representing the official price target for Valero Energy Corporation stock. Previously, the target price had yet another raise to $87, while Tudor Pickering analysts kept a Buy rating on VLO stock.

The Average True Range (ATR) for Valero Energy Corporation is set at 2.51, with the Price to Sales ratio for VLO stock in the period of the last 12 months amounting to 0.42. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 5.67.

VLO Stock Performance Analysis:

Valero Energy Corporation [VLO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.42. With this latest performance, VLO shares dropped by -17.43% in over the last four-week period, additionally plugging by 13.71% over the last 6 months – not to mention a rise of 24.39% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VLO stock in for the last two-week period is set at 28.89, with the RSI for the last a single of trading hit 23.21, and the three-weeks RSI is set at 33.85 for Valero Energy Corporation [VLO]. The present Moving Average for the last 50 days of trading for this stock 78.86, while it was recorded at 70.48 for the last single week of trading, and 64.76 for the last 200 days.

Insight into Valero Energy Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Valero Energy Corporation [VLO] shares currently have an operating margin of -2.68 and a Gross Margin at -1.46. Valero Energy Corporation’s Net Margin is presently recorded at -2.20.

Return on Total Capital for VLO is now -5.04, given the latest momentum, and Return on Invested Capital for the company is -4.35. Return on Equity for this stock declined to -7.02, with Return on Assets sitting at -2.67. When it comes to the capital structure of this company, Valero Energy Corporation [VLO] has a Total Debt to Total Equity ratio set at 84.29. Additionally, VLO Total Debt to Total Capital is recorded at 45.74, with Total Debt to Total Assets ending up at 30.26. Long-Term Debt to Equity for the company is recorded at 78.93, with the Long-Term Debt to Total Capital now at 42.83.

Reflecting on the efficiency of the workforce at the company, Valero Energy Corporation [VLO] managed to generate an average of -$143,115 per employee. Receivables Turnover for the company is 8.64 with a Total Asset Turnover recorded at a value of 1.21.Valero Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.40.

VLO Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VLO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Valero Energy Corporation go to -13.00%.

Valero Energy Corporation [VLO] Insider Position Details

There are presently around $21,479 million, or 79.30% of VLO stock, in the hands of institutional investors. The top three institutional holders of VLO stocks are: VANGUARD GROUP INC with ownership of 45,796,365, which is approximately 0.326% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 35,633,200 shares of the stock with an approximate value of $2.41 billion in VLO stocks shares; and STATE STREET CORP, currently with $1.87 billion in VLO stock with ownership of nearly 8.833% of the company’s market capitalization.

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Positions in Valero Energy Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 528 institutional holders increased their position in Valero Energy Corporation [NYSE:VLO] by around 25,015,164 shares. Additionally, 430 investors decreased positions by around 20,271,431 shares, while 136 investors held positions by with 272,118,687 shares. The mentioned changes placed institutional holdings at 317,405,282 shares, according to the latest SEC report filing. VLO stock had 139 new institutional investments in for a total of 4,401,759 shares, while 85 institutional investors sold positions of 3,334,355 shares during the same period.

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