Valero Energy Corporation (VLO) is currently experiencing a
downtrend post their
Q3 earnings, which some see as an opportunity for investment. The institution reportedly holds 84% of the company, showing a strong backing. While their Q3 results fell below estimates, earlier in the year, they still managed to pull off strong Q2 results and managed to beat their Q1 earnings. They have not been without challenges, however, with some reports citing lower throughput volumes adding to their difficulties. They also faced a record $82M fine settled with Californian agencies. Despite these setbacks, they have announced regular
cash dividends on their common stock and provided shareholders with noteworthy paybacks. During the past three years, investing in VLO would have delivered a significant gain of 145%. Dedicated to the development and potential of biofuels, they remain one of the most favored algae and biofuel stocks in the market today. However, they have been rated a moderate buy, indicating a cautious market outlook and an indication of challenges in their path.
Valero Energy Corporation VLO News Analytics from Thu, 20 Aug 2020 11:00:03 GMT to Fri, 08 Nov 2024 22:18:45 GMT -
Rating -1
- Innovation 2
- Information 4
- Rumor 3
