Why Valero Energy Corporation’s (VLO) Stock Is Up 5.24% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Valero Energy Corporation before investing.

In this article, we go over a few key elements for understanding Valero Energy Corporation’s stock price such as:

Before we jump into Valero Energy Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Valero Energy Corporation, through its subsidiaries, is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels, and petrochemical products. The Company sells its products primarily in the United States, Canada, the United Kingdom, Ireland and Latin America. The Company operates through three segments: Refining, Renewable Diesel, and Ethanol. The Refining segment includes the operations of its petroleum refineries, the associated activities to market its refined petroleum products, and the logistics assets that support those operations. The Renewable Diesel segment includes the operations of Diamond Green Diesel (DGD) and the associated activities to market renewable diesel and renewable naphtha. The Ethanol segment includes the operations of its ethanol plants and the associated activities to market its ethanol and co-products. The Company owns over 15 petroleum refineries located in the United States, Canada and the United Kingdom.

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As of March 13, 2024, 4:00 PM, CST, Valero Energy Corporation’s stock price was $158.63.

Valero Energy Corporation is up 5.24% from its previous closing price of $150.73.

During the last market session, Valero Energy Corporation’s stock traded between $148.20 and $152.35. Currently, there are 335.00 million shares of Valero Energy Corporation stock available for purchase.

Valero Energy Corporation’s price-earnings (P/E) ratio is currently at 6.1, which is low compared to the Oil & Gas - Refining and Marketing industry median of 12.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Valero Energy Corporation’s (VLO) price is currently up 12.14% so far this month.

During the month of March, Valero Energy Corporation’s stock price has reached a high of $160.48 and a low of $142.20.

Over the last year, Valero Energy Corporation has hit prices as high as $152.35 and as low as $104.18. Year to date, Valero Energy Corporation’s stock is up 25.04%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 12, 2024, there were 0 analysts who downgraded Valero Energy Corporation’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Valero Energy Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Valero Energy Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Valero Energy Corporation’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Valero Energy Corporation (VLO) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 12, 2024, Valero Energy Corporation has a weighted four-quarter relative price strength of 0.74%, which translates to a Momentum Score of 74 and is considered to be Strong.

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As of March 13, 2024, Valero Energy Corporation’s stock price is $158.63, which is up 5.24% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Valero Energy Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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