Valero Energy Corporation [VLO] Stock trading around $108.80 per share: What’s Next?
Valero Energy Company [NYSE: VLO] It traded at the highest level on 09/22/22, posting a gain of 7.54 and after that it closed the day’s session at $108.80. Company report on September 26, 2022 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 about $1.25 billion in September through previously announced tender offers for a variety of major Valero bonds, which Valero funded with cash on hand. . This transaction, along 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 the trading of more than 4070,321 shares. Over the past week, Valero Energy Corporation’s price volatility was at 4.57% while volatility over the past month was at 3.92%.
VLO’s stock has a market capitalization of $45.86 billion, with 404.00 million shares outstanding and 391.98 million shares in current float. Compared to an average trading volume of 4.12 million shares, VLO reached a trading volume of 40,70,321 on the last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About Valero Energy Corporation [VLO]?
Based on careful and fact-backed analysis by Wall Street experts, the current consensus on a target price for VLO shares is $136.45 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on VLO stock is a set recommendation at 2.10. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
BMO Capital Markets has made an estimate for Valero Energy Corporation stock, keeping their opinion on the stock as market performance, with their previous recommendation back on June 14, 2022. The new note on price target was issued on June 1, 2022, which is the official target price for Valero Energy stock. Corporation. Previously, the target price had had another boost to $80, while Morgan Stanley analysts maintained an overweight rating on VLO stock. On May 03, 2021, analysts raised their target price for VLO shares from 95 to 121.
Valero Energy Corporation’s Average True Range (ATR) is set at 4.79, with a price-to-sales ratio for VLO’s stock in the past twelve months at 0.29. The price-to-book ratio for the last quarter was 2.10, with the price-to-cash-to-cash ratio for the same quarter set at 12.79. The rate to VLO free cash flow for the past 12 months was 5.31 with a Q4 quick ratio of 0.90.
How has VLO stock been performing lately?
Valero Energy Company [VLO] Profited in the green at the end of last week, gained a positive trend and rose by 3.10. With this latest performance, VLO shares are down -11.85% over the past four-week period, as well as down 12.54% over the past six months — not to mention up 52.87% in the past year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the VLO stock for the past two weeks was set at 49.85, with the RSI for the last one trading at 53.24, and the three-week RSI set at 48.75 for Valero Energy. [VLO]. The current moving average for the last 50 trading days of this stock is 111.32, while it was recorded at 103.20 for the last trading week, and 102.71 for the last 200 days.
Valero Energy Company [VLO]: A deeper look into the basics
Valero Energy’s liquidity data is similarly compelling, with the quick ratio at 0.90 and the current ratio at 1.20.
Valero Energy Business Insider [VLO]
There are currently approximately $34,636 million, or 82.10% of VLO’s stock, in the hands of institutional investors. The three largest institutional owners of VLO shares are: VANGUARD GROUP INC with 42,191.671 ownership, which is approximately -12.019% of the company’s market capitalization and about 0.20% of the total institutional ownership; BLACKROCK INC. , owns 3,581,927 shares of stock with an approximate value of $3.9 billion in shares of VLO stock; and STATE STREET CORP, currently with $3.19 billion in VLO stock with ownership of approximately 2.446% of the company’s market capitalization.
589 enterprise owners have increased their positions in Valero Energy Corporation [NYSE:VLO] About 36712646 shares. In addition, 568 investors decreased their positions by 39,507,922 shares, while 162 investors took positions by 242.126,702 shares. The said changes put institutional holdings at 318,347,270 shares, according to the latest report from the Securities and Exchange Commission. VLO had 156 new institutional investors totaling 8,388,968 shares, while 92 institutional investors sold deals totaling 3,407,129 shares during the same period.