For its second fiscal quarter (ending June 30), Valero Energy Corp (NYSE: VLO) has reported a -50% decline in E.P.S. from $5.41 a year ago to $2.71 in the current quarter. This result fell short of the consensus estimate of $3.80 by $-1.09. For the latest four quarters through June 30, E.P.S. were $17.51 versus $29.10 for the same period a year ago — a decline of -40%.
Recent Price Action
Valero Energy Corp (NYSE: VLO) stock enjoyed a very large increase of 5.5% on 7/25/24. The shares closed at $157.00. Moreover, above average trading volume at 145% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, VLO is expected to continue to be an important Value Builder.
Valero Energy has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Valero Energy has a good Power Rating of 82 and a very high Appreciation Score of 89, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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