Valero Energy Corporation (VLO) : Traders are bullish on Valero Energy Corporation (VLO) as it has outperformed the S&P 500 by a wide margin of 5.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.75%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.3% in the last 1 week, and is up 3.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.6% and the 50-Day Moving Average is 7.25%.The 200 Day SMA reached 2.51% Valero Energy Corporation is up 10.94% in the last 3-month period. Year-to-Date the stock performance stands at -17.19%.
Valero Energy Corporation (VLO) has been rated by 10 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $73 and the lowest price target forecast is $54. The average forecast of all the analysts is $65.6 and the expected standard deviation is $6.13.
For the current week, the company shares have a recommendation consensus of Buy. Valero Energy Corporation (NYSE:VLO): The stock opened at $56.03 and touched an intraday high of $57.18 on Friday. During the day, the stock corrected to an intraday low of $56.03, however, the bulls stepped in and pushed the price higher to close in the green at $56.73 with a gain of 0.96% for the day. The total traded volume for the day was 7,316,532. The stock had closed at $56.19 in the previous trading session.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Companys refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.