Let’s look at the key reasons that are pushing Valero Energy Corp. (VLO) to new highs

On Tuesday, Valero Energy Corp. (NYSE: VLO) opened higher 1.53% from the last session, before settling in for the closing price of $133.75. Price fluctuations for VLO have ranged from $119.88 to $184.79 over the past 52 weeks.

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Energy Sector giant saw their annual sales surged by 13.02% over the last five years. Company’s average yearly earnings per share was noted -54.68% at the time writing. With a float of $318.66 million, this company’s outstanding shares have now reached $333.30 million.

The firm has a total of 9908 workers. Let’s measure their productivity. In terms of profitability, gross margin is 6.35%, operating margin of 5.59%, and the pretax margin is 5.65%.

Valero Energy Corp. (VLO) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Oil & Gas Refining & Marketing industry is another important factor to consider. The insider ownership of Valero Energy Corp. is 0.54%, while institutional ownership is 83.64%. The most recent insider transaction that took place on May 09 ’24, was worth 113,850. In this transaction Director of this company sold 720 shares at a rate of $158.12, taking the stock ownership to the 13,314 shares.

Valero Energy Corp. (VLO) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 7.49 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 7.47) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.89 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -54.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -13.50% during the next five years compared to 27.90% growth over the previous five years of trading.

Valero Energy Corp. (NYSE: VLO) Trading Performance Indicators

Check out the current performance indicators for Valero Energy Corp. (VLO). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31. Likewise, its price to free cash flow for the trailing twelve months is 5.44.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.50, a number that is poised to hit 2.56 in the next quarter and is forecasted to reach 12.62 in one year’s time.

Technical Analysis of Valero Energy Corp. (VLO)

Analysing the last 5-days average volume posted by the [Valero Energy Corp., VLO], we can find that recorded value of 2.85 million was lower than the volume posted last year of 2.98 million. As of the previous 9 days, the stock’s Stochastic %D was 35.29%. Additionally, its Average True Range was 3.92.

During the past 100 days, Valero Energy Corp.’s (VLO) raw stochastic average was set at 14.11%, which indicates a significant decrease from 32.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.10% in the past 14 days, which was lower than the 30.35% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $145.99, while its 200-day Moving Average is $148.33. Now, the first resistance to watch is $136.43. This is followed by the second major resistance level at $137.05. The third major resistance level sits at $138.20. If the price goes on to break the first support level at $134.66, it is likely to go to the next support level at $133.51. Now, if the price goes above the second support level, the third support stands at $132.89.

Valero Energy Corp. (NYSE: VLO) Key Stats

There are currently 326,996K shares outstanding in the company with a market cap of 43.51 billion. Presently, the company’s annual sales total 144,766 M according to its annual income of 8,835 M. Last quarter, the company’s sales amounted to 34,490 M and its income totaled 880,000 K.