Valero Energy Corporation (VLO) is front and center for investors, with notable activity and changes in ownership. With
80-81% institutional backing, VLO has demonstrated steady performance. On one hand, VLO is perceived as
undervalued and identified as a
fast-paced momentum and an
incredible growth stock. On the other, VLO has seen a significant dip in the market but holds a strong standing in a sturdy industry.
Q4 2023 and
Q1 2024 earnings calls reveal a
beating of estimates despite some revenue misses. The dividend prospects are appealing, with investors attracted to the
$1.07 quarterly dividend.
Shares have spiked following an announced
buyback and a
dividend increase. A possible growth driver is VLO's dive into the
South American fuel market. Despite
refining margins and demand seemingly peaking, the financials of VLO remain strong and its debt appears manageable. After a strong start for U.S. refiners' earnings, expectations for
Q2 2024 are strong.
Valero Energy Corporation VLO News Analytics from Thu, 27 Jul 2023 07:00:00 GMT to Sun, 02 Jun 2024 11:50:11 GMT -
Rating 6
- Innovation 4
- Information 5
