The latest updates on Valero Energy Corporation (VLO) indicate a mixed response from the market, analysts, and stakeholders. Argus has downgraded the company citing a peak in refining margins and demand. The company however has maintained its regular cash dividend on common stock. There are several analyst recommendations to consider for Valero Energy. Despite current market volatility, the company's ownership remains strong with 81% institutional holdings.
Q2 2024 is forecasted to earn $5.49 per share, while the corporation's stock buyback initiative makes the shares attractive given the favorable environment. Although Valero has had dips, it hit a fresh high sparking questions about room for more growth. Investors are examining the company's 26% undervaluation and momentum for long-term investment. Despite a reduced price target from Piper Sandler, Mizuho increased its own to $176.00. Institutional shareholders hold an 80% share of VLO. Lastly, Valero is part of Diamond Green Diesel plant, predicted to start operations in Q4, ahead of the 2025 target.
Valero Energy Corporation VLO News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Thu, 16 May 2024 17:51:48 GMT - Rating 6 - Innovation 4 - Information 8 - Rumor 3
