Valero Energy Corporation [VLO] Stock trading around $108.80 per share: What’s Next?

Valero Energy Corporation [NYSE: VLO] traded at a high on 09/28/22, posting a 7.54 gain after which it closed the day’ session at $108.80. The company report on September 26, 2022 that Valero Energy Continues to Reduce Debt Through Previously Announced Tender Offers.


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Valero Energy Corporation (NYSE: VLO, “Valero”) reduced its debt by approximately $1.25 billion in September through its previously announced tender offers for various series of Valero’s senior notes, which Valero funded with cash on hand. This transaction, combined with debt reduction and refinancing transactions completed in the second half of 2021 and the first half of 2022, collectively reduced Valero’s debt by approximately $3.6 billion.

The results of the trading session contributed to over 4070321 shares changing hands. Over the past one week, the price volatility of Valero Energy Corporation stands at 4.57% while the volatility over the past one month is 3.92%.

The market cap for VLO stock reached $45.86 billion, with 404.00 million shares outstanding and 391.98 million shares in the current float. Compared to the average trading volume of 4.12M shares, VLO reached a trading volume of 4070321 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $136.45 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 2.10. 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.

BMO Capital Markets have made an estimate for Valero Energy Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on June 14, 2022. The new note on the price target was released on June 01, 2022, representing the official price target for Valero Energy Corporation stock. Previously, the target price had yet another raise to $80, while Morgan Stanley analysts kept a Overweight rating on VLO stock. On May 03, 2021, analysts increased their price target for VLO shares from 95 to 121.

The Average True Range (ATR) for Valero Energy Corporation is set at 4.79, with the Price to Sales ratio for VLO stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 2.10, with the Price to Cash per share for the same quarter was set at 12.79. Price to Free Cash Flow for VLO in the course of the last twelve months was 5.31 with Quick ratio for the last quarter at 0.90.

How has VLO stock performed recently?

Valero Energy Corporation [VLO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.10. With this latest performance, VLO shares dropped by -11.85% in over the last four-week period, additionally plugging by 12.54% over the last 6 months – not to mention a rise of 52.87% 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 49.85, with the RSI for the last a single of trading hit 53.24, and the three-weeks RSI is set at 48.75 for Valero Energy Corporation [VLO]. The present Moving Average for the last 50 days of trading for this stock 111.32, while it was recorded at 103.20 for the last single week of trading, and 102.71 for the last 200 days.

Valero Energy Corporation [VLO]: Deeper insight into the fundamentals

Valero Energy Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.20.

Insider trade positions for Valero Energy Corporation [VLO]

There are presently around $34,636 million, or 82.10% of VLO stock, in the hands of institutional investors. The top three institutional holders of VLO stocks are: VANGUARD GROUP INC with ownership of 42,191,671, which is approximately -12.019% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 35,812,927 shares of the stock with an approximate value of $3.9 billion in VLO stocks shares; and STATE STREET CORP, currently with $3.19 billion in VLO stock with ownership of nearly 2.446% of the company’s market capitalization.

589 institutional holders increased their position in Valero Energy Corporation [NYSE:VLO] by around 36,712,646 shares. Additionally, 568 investors decreased positions by around 39,507,922 shares, while 162 investors held positions by with 242,126,702 shares. The mentioned changes placed institutional holdings at 318,347,270 shares, according to the latest SEC report filing. VLO stock had 156 new institutional investments in for a total of 8,388,968 shares, while 92 institutional investors sold positions of 3,407,129 shares during the same period.

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