Recent exceptional negative changes in investment behavior have affected Valero Energy Corp (NYSE: VLO): negative upside/downside volume developed, and its shorter term price trend turned down.
Valero Energy Corp (NYSE: VLO) suffers from significant negative changes in fundamentals: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Valero Energy has a very high Power Rating of 86 and a very high Appreciation Score of 87, and the Highest Value Trend Rating results.
Recent Price Action
Valero Energy Corp (NYSE: VLO) stock declined by -4.8% on 5/29/24. The shares closed at $155.69. Moreover, above average trading volume at 139% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -4.9% during the last week.
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