Valero Energy Corporation (VLO)
- Previous Close
163.89 - Open
163.89 - Bid --
- Ask --
- Day's Range
162.36 - 167.29 - 52 Week Range
104.18 - 184.79 - Volume
2,097,737 - Avg. Volume
3,462,912 - Market Cap (intraday)
54.656B - Beta (5Y Monthly) 1.54
- PE Ratio (TTM)
6.66 - EPS (TTM)
24.92 - Earnings Date Apr 25, 2024
- Forward Dividend & Yield 4.28 (2.58%)
- Ex-Dividend Date Jan 31, 2024
- 1y Target Est
185.50
Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, heating oil, and asphalt; feedstocks; aromatics; sulfur and residual fuel oil; intermediate oils; and sulfur, sweet, and sour crude oils. It sells its refined products through wholesale rack and bulk markets; and through outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company owns and operates renewable diesel and ethanol plants, as well as produces renewable diesel and naphtha under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distiller grains, syrup, and inedible distillers corn oil to animal feed customers. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
www.valero.com9,886
Full Time Employees
December 31
Fiscal Year Ends
Sector
Oil & Gas Refining & Marketing
Industry
Recent News: VLO
Performance Overview: VLO
Trailing total returns as of 4/22/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
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Statistics: VLO
Valuation Measures
Market Cap
54.66B
Enterprise Value
61.87B
Trailing P/E
6.66
Forward P/E
10.96
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
0.40
Price/Book (mrq)
2.07
Enterprise Value/Revenue
0.43
Enterprise Value/EBITDA
4.11
Financial Highlights
Profitability and Income Statement
Profit Margin
6.36%
Return on Assets (ttm)
12.05%
Return on Equity (ttm)
33.89%
Revenue (ttm)
139B
Net Income Avi to Common (ttm)
8.81B
Diluted EPS (ttm)
24.92
Balance Sheet and Cash Flow
Total Cash (mrq)
5.42B
Total Debt/Equity (mrq)
44.30%
Levered Free Cash Flow (ttm)
6.47B
Research Analysis: VLO
Company Insights: VLO
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Research Reports: VLO
Analyst Report: Valero Energy Corporation
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
RatingPrice TargetAnalyst Report: Valero Energy Corporation
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
RatingPrice TargetThe Argus High-Yield Model Portfolio
Value stocks -- a market segment that includes high-yield stocks -- outperformed growth stocks in 2022. That's a recent rarity, as for the past decade-plus, the performance record has favored growth. But the tide turned in 2022. The rollout of COVID-19 vaccines gave a lift to some of the cyclical companies (energy and regional banks) that had lagged in recent quarters, and value stocks outpaced growth stocks that year. While growth stocks have retaken the lead since 2023, the Federal Reserve continues to keep interest rates high to fend off inflation. This could possibly cap multiple expansion for growth companies in coming quarters. In any event, the value sector is the place to achieve income.
Daily Spotlight: Oil Prices Steady, With Supply and Demand Aligned
The current price of a barrel of the crude oil benchmark grade West Texas Intermediate has remained in the $70-$80 range, as we expected. That's down from a high near $94 in late September but up from the lows of $66 in March 2023. We look for prices to stabilize at these levels for the next few months (through the winter heating season and amid geopolitical uncertainties). In addition, global economic growth remains under pressure due to high interest rates. The price of West Texas Intermediate crude oil in 2023 averaged $78 per barrel, compared to 2022's average price of $95. Indeed, 2022 was a volatile year for the energy industry, as the price per barrel of oil ranged from $71-$121. We don't look for that much volatility in 2024, and our forecast calls for WTI to average $80 a barrel and trade in a range of $95-$65 for the year. The core drivers behind oil prices in the long term are global demand and global supply. According to the U.S. Energy Information Administration, there was excess supply in 2023: global consumption was 101.1 million barrels per day, while global production was 101.7 million barrels. Forecasts for the next two years call for supply and demand to be mostly aligned. That's likely to keep a lid on oil price spikes. Of course, there are always wildcards, such as geopolitical developments (ranging from wars to sanctions to turmoil in the Middle East. These wildcards can cause prices to fluctuate dramatically. That said, absent the wildcards, the global demand-supply outlook suggests the days of triple-digit oil prices are in the rear-view mirror.