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Shares Of Valero Energy Corporation (NYSE: VLO): Are They Overvalued Compared To Others?

Valero Energy Corporation (NYSE:VLO) shares, rose in value on Friday, May 26, with the stock price up by 0.97% to the previous day’s close as strong demand from buyers drove the stock to $114.28.

Actively observing the price movement in the recent trading, the stock is buoying the session at $113.18, falling within a range of $111.27 and $113.86. The value of beta (5-year monthly) is 1.65 whereas the PE ratio is 3.22 over 12-month period. Referring to stock’s 52-week performance, its high was $150.39, and the low was $96.93. On the whole, VLO has fluctuated by -0.32% over the past month.

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With the market capitalization of Valero Energy Corporation currently standing at about $41.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for Jul 26, 2023 – Jul 31, 2023. The company’s Forward Dividend Ratio is 4.08, with its dividend yield at 3.60%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $5.29, which is expected to increase to $6.97 for fiscal year $22.01 and then to about $13.8 by fiscal year 2024. Data indicates that the EPS growth is expected to be -24.50% in 2024, while the next year’s EPS growth is forecast to be -37.30%.

Analysts have estimated the company’s revenue for the quarter at $35.95 billion, with a low estimate of $34.03 billion and a high estimate of $38.96 billion. According to the average forecast, sales growth in current quarter could jump down -30.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $148.63 billion, representing a decrease of -15.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that VLO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VLO currently trading nearly 3.04% and -6.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.52, while the 7-day volatility ratio is showing 2.64% which for the 30-day chart, stands at 3.17%. Furthermore, Valero Energy Corporation (VLO)’s beta value is 1.65, and its average true range (ATR) is 3.51.

A comparison of Valero Energy Corporation (VLO) with its peers suggests the former has fared considerably weaker in the market. VLO showed an intraday change of 0.97% in today’s session so far, and over the past year, it shrunk by -10.26%%. In comparison, Exxon Mobil Corporation (XOM) has moved higher at 0.75% today and is up 10.54% over the past 12 months. On the other hand, the price of Chevron Corporation (CVX) has risen 0.19% today. The stock, however, is off -11.72% from where it was a year ago. The PE ratio stands at 3.22 for Valero Energy Corporation, compared to 7.15 for Exxon Mobil Corporation, and 8.36 for Chevron Corporation. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 1.09%. Meanwhile, the Dow Jones Industrial Improved by 0.99%.

Data on historical trading for Valero Energy Corporation (NYSE:VLO) indicates that the trading volumes over the past 10 days have averaged 4.37 million and over the past 3 months, they’ve averaged 4.70 million. According to company’s latest data on outstanding shares, there are 369.00 million shares outstanding.

Nearly 0.20% of Valero Energy Corporation’s shares belong to company insiders and institutional investors own 82.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.53 million shares as on Apr 27, 2023, resulting in a short ratio of 2.32. According to the data, the short interest in Valero Energy Corporation (VLO) stood at 2.91% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 10.18 million. The stock has fallen by -9.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VLO stock heading into the next quarter.

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