Monthly Stock Report: Valero Energy Corporation (VLO)
Publication Date: September 22, 2024
Company Overview
Valero Energy Corporation (VLO), headquartered in San Antonio, Texas, is a prominent entity in the energy sector, specializing in the manufacture, marketing, and sale of petroleum-based and low-carbon liquid transportation fuels, along with petrochemical products globally. Established in 1980, Valero operates through three key segments: Refining, Renewable Diesel, and Ethanol. The company produces a diverse array of refined products, including gasoline, diesel, jet fuel, and heating oil, which are distributed through wholesale markets and branded outlets. Furthermore, Valero has earned a reputation as a leader in renewable diesel and ethanol production, enriching its portfolio in a sector increasingly focused on sustainability.
Classified as a stock within the Oil & Gas Refining & Marketing industry, Valero is experiencing significant interest from investors due to its robust market performance and strategic position.
Market Potential and Financial Overview
The oil and gas refining and marketing sector currently offers promising investment prospects, with analysts extending a strong “buy” recommendation for Valero. The target high price forecasted for the stock is set at $192.00, hinting at considerable upside potential. Valero’s impressive total revenue of approximately $134.33 billion further supports this assertion, indicating substantial growth potential and stability amidst the ever-evolving energy landscape.
Valero has 320,380,000 outstanding shares, with a short interest of 4.07%, reflecting positive investor sentiment. The current stock price is $134.46, below its fifty-day average of $145.43, representing a momentary dip that could signal an opportunity for recovery. The stock has previously peaked at $184.79, showcasing its potential to appreciate even further. Analysts set a target mean price of $165.81, with a median target price of $170.00, reinforcing the overall favorable outlook on Valero’s valuation.
Analyst Recommendations and Future Outlook
With an effective mean recommendation score of 2.2, based on insights from 15 analysts, the overall sentiment regarding Valero Energy Corporation remains strongly positive. This collective analysis points to Valero’s potential for growth as it continues to navigate the complexities of the energy market. The asset is currently well-positioned for advantageous expansion, buoyed by robust operations in refining and renewable energy sectors.
In summary, Valero Energy Corporation presents a compelling investment opportunity characterized by solid financial performance, positive market sentiment, and growth potential, making it a strong candidate for investors looking to capitalize on future advancements in the energy sector.
| Metric | Value |
|---|---|
| Market Cap | $43.1b |
| Total Debt | $10.7b |
| Total Cash | $5.2b |
| Shares Outstanding | 320.4m |
| Float Shares | 318.4m |
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