Auxier Asset Management reduced its stock position in
Valero Energy Co. (VLO), while
Sierra Summit Advisors LLC and
Garde Capital Inc. have made new investments in the company. With
83% institutional ownership, the company is favored by major institutional investors.
Valero Energy is expected to announce its
Q2 2024 earnings on July 25, 2024. Meanwhile, its growing
free cash flow is seen to support dividend growth.
Analysts encourage a
hold strategy for Valero stock at present. The company’s Q2 2024 EPS estimates, however, have been cut by an analyst while its
price target has been reduced to $169.00 by analysts at
Piper Sandler.
In addition, Valero stock has been downgraded and lags behind the market in spite of a favorable environment for its energy shares. It’s worth noting that its
Q1 Earnings Beat Estimates but revenues missed.
Finally, investing in Valero Energy three years ago would have delivered a 104% gain to investors, and the company is expected to join the world's largest proposed
carbon capture and storage project.
Valero Energy Corporation VLO News Analytics from Mon, 21 Aug 2023 07:00:00 GMT to Sun, 16 Jun 2024 16:51:38 GMT -
Rating 5
- Innovation 2
- Information 8
- Rumor 4
