Valero Energy Corporation (VLO): New Strategic Direction Makes It A Buy

Wall Street analysts will be watching closely when Valero Energy Corporation (NYSE:VLO) reports its quarterly earnings next, which is scheduled for Thu 31 Jan (In 18 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $2.29 per share. In the preceding quarter, the company reportedly generated EPS of $2.01 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 3.60%, a profit margin of 4.00% and a gross margin of 8.70%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Valero Energy Corporation (NYSE:VLO). Most recently, on January 10th, 2019, Piper Jaffray Resumed a Overweight rating. Before that, on October 19th, 2018, Goldman Downgrade to Sell. Standpoint Research Upgrade a Buy rating on October 12th, 2018, Tudor Pickering Downgrade an Hold rating on October 11th, 2018, and Mizuho Initiated a Neutral rating on August 2nd, 2018.

At its current price point, combined with the fact that this company has 425.00M shares outstanding, the current market capitalization sits at 33.35B. In the last trading day, 3,606,913 shares of Valero Energy Corporation were traded, which compares to its usual volume of about 4.69M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $1.46 in the past five trading days, resulting in a percentage change of +1.90% and a moving average of 77.53. In the past 20 days, its price changed by $4.83 (which is +6.56%) and the stock’s moving average was 74.17. Looking back a full 50 days, shares of VLO changed by -$8.91 (which is -10.20%) and demonstrated a moving average of 79.32.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 85.74%, a 14-day Stochastic %K score of 90.88% and a 20-day Stochastic %K score of 90.88%. Using a similar metric, Valero Energy Corporation (VLO) shares showed a Stochastic %D of 85.99% over the past 9 days, a Stochastic %D score of 89.54% over the last 14 days, and a 20-day Stochastic %D of 87.78%. Meanwhile, this stock’s MACD Oscillator was 1.13 over the past 9 days, 2.63 over the past two weeks, and 3.56 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $78.47 level. Over the past 12 months, this stock has experienced a high price of $126.98 and a low of $68.81. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Valero Energy Corporation (NYSE:VLO) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 33,384,217 shares of the company’s stock following the subtraction of -214,581 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 7.87% stake in Valero Energy Corporation (VLO)’s shares.

Just in the most recent trading day, Valero Energy Corporation (NYSE:VLO) experienced a high price of $79.06 and low point of $76.9. At the end of the last trading session, this stock was at 78.47 per share, following a loss of -$0.4, or 1.36% during the full day.