Scotiabank has adjusted its price target for
Valero Energy Corporation (VLO), garnering increased investor attention.
DRW Securities LLC and
Alliancebernstein L.P. have purchased new stakes, while
Prudential PLC and
Fmr LLC have reduced their shares. Valero stands out among ethanol, oil and gas, and fuel stocks according to hedge funds and billionaires.
Invesco Ltd. has a significant stake in Valero, and its stock holdings were also increased by
Texas Yale Capital Corp.,
Aviva PLC, and
Huntington National Bank. Additionally, the company reported Q4 2024 earnings, overcoming challenges with strategic plans. Speculation exists over the company's exposure to renewable energy. Uncertainty remains as tariffs on Canadian energy could cut refinery throughput by 10%. Valero's fiscal performance, despite market developments and a dip in stock price, is backed by competitive advantages and higher renewable diesel margins. Earnings topped estimates, but the market cap saw a US$1.7b decline. Nonetheless, the company announced a quarterly dividend increase and plans to report Q1 2025 earnings results on April 24, 2025. Analysts view Valero as bullish investment perspective on energy policy changes despite the current undervaluation.
Valero Energy Corporation VLO News Analytics from Sun, 28 Jul 2024 07:00:00 GMT to Sat, 12 Apr 2025 11:12:03 GMT -
