Valero Energy Corporation (VLO) is set to announce its earnings this Thursday, with future expectations to outperform earnings estimates. Valero is a trending stock with regular dividends and has been named among the top stocks to invest in according to billionaires. However, it faces a significant $1.1B impairment due to its decision to close or restructure its Benicia Refinery in California, potentially by 2026. This decision led to
major share transactions, such as Mariner LLC and Martingale Asset Management selling their Valero shares. Contrastingly, Savvy Advisors and many others have made new investments. VLO secures major bond deal, pricing notes offer at $650M for a 5.150% yield. Despite Q4 2024 earnings topping estimates, shares slid while the market trended upwards. Projected Q1 2025 results are expected on April 24, 2025. Further transactions by Invesco, Advisory Services Network, and Fmr LLC resulted in reductions of VLO stock held. However, some investors remain bullish, with DRW Securities acquiring more than 12K shares. Finally, VLO faced leadership changes resulting in a 1% quarterly dip. Despite this, key strategic moves place VLO as a high-rated investment.
Valero Energy Corporation VLO News Analytics from Mon, 21 Oct 2024 07:00:00 GMT to Sat, 19 Apr 2025 08:42:08 GMT -
Rating 2
- Innovation 5
- Information 8
- Rumor -3
