Valero Energy Corporation (NYSE:VLO) is a favourite amongst institutional investors, owning 84% of the company. Investment from three years prior shows a delivery of a 145% gain. Unfortunately, Banco Santander S.A offloaded 6,981 shares of Valero Energy. Despite this, analysts anticipate an upcoming upside. There are concerns that VLO has been underperforming in the energy sector. Even so, a regular cash dividend on common stocks have been declared. Earnings for the second quarter of 2024 and the first quarter of 2024 have been reported. The company has also attracted investor attention, and shares are seen as attractive due to their buyback amidst favourable conditions. Earnings for Q1 beat expectations, and an 81% ownership, indicates strong institutional backing. Valero has also participated in Summit's carbon capture project and has provided strong payback to its shareholders. Despite a shrinkage by US$3.9b in the past week, VLO shareholders are still up 145% over three years.
Valero Energy Corporation VLO News Analytics from Fri, 20 Oct 2023 07:00:00 GMT to Thu, 29 Aug 2024 16:34:02 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -6
