At $74, VLO trades at 18x historical earnings, 13x projected earnings, and 1.6x tangible net worth of $45 per share. It pays a 3.85% dividend. The only argument for it being overvalued seems to be that it is higher than it was before. Maybe that’s enough reason to sell and take some profits – maybe not.
There is a great deal of 'verifiable research' showing that stocks that set new highs are far better buys than those that don't. VLO set a new high today. The smart money is long for the near term.
Over valued now per their P/E ratio. This is just an anomaly caused by the hurricanes... Still a glut of everything, oil, gas, etc...
VLO is sitting at a 52 wk high. There is a well know poster who has been very successful using strategy of buying near 52 week lows and selling at 52 week highs.. Any guess what he is doing now?
The run is about over...
I was backing those pushing for the $ 72.00 plus price on vlo,, now I will be backing those that said vlo will go to $77 and/or $80,, I'm still long -- any feed back on what it will take TO HIT the upper $70's /?? good luck to all via hatman.. D -- if you are around what does the charts look like???
@Fritz1967 Hey Fan give me your top five reasons for owning VLO now, I enjoyed the top 10 list during the heydays of the big crack spread, so I will only go for 5.
Whats the primary reason for VLO to climb. Got them last year in july at at 47.54. Hold or sell? Thanks
Stocks that set new highs are often proven to move higher in the near term. Don't fight the trend. VLO will probably test 75 in the next few sessions.
bought in at 69.80 , hoping for the best
Nice to see $70. This time it may actually hold.
Vast majority of oil stock have a "+" in front of them, what's going on with VLO? Is this a stock option expiration that needs to be under $70.00 to some daddy warbucks happy?
New High -Wednesday - with Cramers plug on refiners tonight and strong after hours market we should see a new 52 week high on heavy volume tomorrow I think !
fritz , dennis , others good to read your post and info , I haven't heard from D , Hawk . I always found d charts info & feed back interesting ,/? I'm still long as many of you-- looking for vlo to go higher gl to all via hatman..
Insanity to buy at these levels......
Push back to the 60s.......After the tulip hype
Relief about the severity of Irma drives up the price of financial stocks and the overall stock market. Gasoline prices, along with refiner stocks, decline. It all makes sense but seems impossible to anticipate.
If it breaks 70.5, I think it goes to 78-80 range within two-three weeks.
Looks like there are options expiring tomorrow.
Looks like it's headed back UP over $70 - GL to longs !
I don't know what was anticipated with EIA inventory numbers as of 9/9 but they do seem bullish for refiners. I am pleasantly surprised that US demand for gasoline, distillates. and and gasoline exports were still higher than last year for the last 4 weeks. Only distillate exports seemed to take a hit. I may not completely understand how the storms actually affected these numbers.
CEO Joe Gorder called last three weeks “pretty brutal” for Valero
Valero's Joe Gorder said Harvey, which made landfall north of Corpus Christi on August 25, and moved up the Texas Gulf Coast to Houston and Beaumont-Port Arthur, affected operations at five of the company's refineries, shutting down three and leading
At the moment $ 70.22 looks good , will it hold and/or go higher?? saw where the spread was around $ 6.00 , how much does anyone think this will move vlo and eps .. gl to all via hatman..