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Valeroenergy

Encompass Capital Advisors LLC Invested in Valero Energy Co.Encompass Capital Advisors LLC bought a new position in Valero Energy Co. (NYSE:VLO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 150,000 shares of the oil and gas company's stock, valued at approximately $17,595,000. Refiners, transporters surge: Niche energy markets defy oil slump Other large investors have also added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its position in shares of Valero Energy by 110.8% during the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 215 shares of the oil and gas company's stock valued at $25,000 after acquiring an additional 113 shares during the period. Live Oak Investment Partners bought a new stake in shares of Valero Energy during the 4th quarter valued at $26,000. McIlrath & Eck LLC grew its position in shares of Valero Energy by 217.6% during the 1st quarter. McIlrath & Eck LLC now owns 216 shares of the oil and gas company's stock valued at $30,000 after acquiring an additional 148 shares during the period. Quarry LP grew its position in shares of Valero Energy by 1,676.9% during the 1st quarter. Quarry LP now owns 231 shares of the oil and gas company's stock valued at $32,000 after acquiring an additional 218 shares during the period. Finally, Your Advocates Ltd. LLP grew its position in shares of Valero Energy by 190.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 290 shares of the oil and gas company's stock valued at $34,000 after acquiring an additional 190 shares during the period. Institutional investors own 77.07% of the company's stock. NYSE:VLO traded down $2.88 during mid-day trading on Wednesday, hitting $122.77. 1,095,194 shares of the stock traded hands, compared to its average volume of 3,935,141. The company has a quick ratio of 1.08, a current ratio of 1.51 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $41.80 billion, a price-to-earnings ratio of 4.21, a PEG ratio of 0.85 and a beta of 1.51. The firm's 50 day moving average is $127.84 and its two-hundred day moving average is $125.61. Valero Energy Co. has a 52 week low of $104.18 and a 52 week high of $152.20. Energy Stocks Bullish, But Futures Market Signals Trouble Ahead Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $7.49 earnings per share for the quarter, topping the consensus estimate of $7.36 by $0.13. Valero Energy had a net margin of 7.11% and a return on equity of 39.97%. The firm had revenue of $38.40 billion during the quarter, compared to analysts' expectations of $38.46 billion. During the same quarter in the prior year, the company earned $7.14 EPS. The company's revenue was down 13.6% compared to the same quarter last year. On average, equities research analysts predict that Valero Energy Co. will post 24.84 earnings per share for the current year. Technical Analysis The stock is currently trading below its 50-day and 200-day moving averages, which are $129.36 and $125.87, respectively. Indicating a bearish sentiment among investors. The stock is showing some signs of oversold conditions, as indicated by the stochastic oscillator and the relative strength index (RSI). The stochastic oscillator is currently at 15.51%, which is below the oversold threshold of 20. The RSI is currently at 48.73%, which is near the middle of the range. It shows that the stock may be due for a bounce in the short term, as the selling pressure may have exhausted. However, the stock is still facing downward pressure from the moving average convergence divergence (MACD) indicator.
NYSE:VLOLong
by DEXWireNews
Make Exxon Great Again. As Here's A Hundred Fold OpportunityElectric vehicles are growing so fast that Exxon Mobil is preparing for a future when "customers don’t need that gasoline". Exxon Mobil Corp., which operates one of the world’s biggest oil-refining networks, is trying to be more responsive to changing consumer demands as the energy transition gathers pace. The changes it’s considering include potentially replacing some gasoline production with chemicals. The oil giant has long pursued a strategy of upgrading refineries to expand production and make higher-value products from crude oil such as lubricants and plastic feedstock. But it now sees those projects potentially helping the company to move away from traditional fuels, demand for which is likely to wane in coming decades. The strategy, discussed in August 2023 by executives at a presentation to investors and media, shows how even Exxon, one of the leading proponents of fossil fuels, is being forced to reckon with a future in which electric vehicles significantly eat into gasoline consumption. Exxon has already reduced production of fuel oil and high-sulfur petroleum at refineries in Singapore and the UK. Over time, it’s open to cutting output of gasoline, the focus of the company’s refining business since Henry Ford introduced the Model T nearly 100 years ago. The goal is to produce more chemicals, found in everything from paint to plastic, for which there are few low-carbon alternatives. "We’re planning on modifying some of that yield from gasoline to distillate and chemicals feed," Jack Williams, Exxon senior vice president, said earlier this year at the company’s office in Spring, Texas. "We’ve got projects that we know we would do to take those steps." Exxon gets most of its earnings from oil and natural gas production but refining has always been in its corporate DNA, right back to its original incarnation as part of John D. Rockefeller’s Standard Oil, which was established in the 19th century. Refining allows Exxon to earn money right along the fossil fuel supply chain, from the wellhead to the gas tank. But with traditional fuels such as gasoline under threat from EVs, refineries worldwide are being forced to adapt quickly. Some European plants shut down during the pandemic, while others in the US switched to biodiesel. Exxon wants to take a more nuanced approach by upgrading facilities to switch in and out of products depending on demand. To give an example, an Exxon refinery in Singapore used to produce fuel oil that sold for $10 per barrel below the price of Brent crude, but after a recent upgrade, the facility produces lubricant base stocks that sell for $50 above Brent. Exxon has upgraded and added to its refineries at Fawley in the UK and Beaumont in Texas to produce more diesel, which is used for heavy-duty transportation and is less vulnerable to competition from electric vehicles. "You just have more variables now due to the energy transition," said Jay Saunders, a natural resources fund managers at Jennison Associates, which has $186 billion under management. "Having a high-quality refining asset with flexibility will be very important." Exxon’s refining and chemicals footprint is at least double that of its Big Oil competitors, potentially making it more vulnerable to a speedy energy transition, and especially the growth of electric vehicles. But executives believe the potential for reconfigurations is far greater than that of its peers, providing an opportunity to profit in a low-carbon future. "This really allows us to pivot as demand evolves," said Karen McKee, President of Exxon’s Product Solutions division. Biodiesel is particularly attractive to Exxon because reconfiguring its existing refineries costs about half as much as building a new plant, said Neil Hansen, senior vice president of product solutions. Demand for biodiesel, which is manufactured from vegetable oil or recycled restaurant grease, is expected to quadruple to 9 million barrels a day by 2050, he said. Exxon is halfway through an eight-year plan to overhaul its fuels and chemicals division, which also involves cutting costs, improving operational performance and selling assets that don’t make the grade. Exxon will operate just 13 refineries worldwide by the end of 2023 after selling five in the past four years to focus on the biggest and lowest-cost operations. Chemicals will be key to the strategy’s success. Exxon sees demand growth for its high-performance chemicals at about 7% a year, contrasting sharply with gasoline, which is expected to peak globally by the end of the decade. To keep up with this demand, Exxon plans to build a new dedicated chemical plant every four to seven years, Williams said. The company’s refineries provide an additional means to make chemicals, but they will focus on responding to consumer preference rather than making a big bet on any particular product, Williams said. "We’re not going to do it while the demand is still there," he said. "We’re going to it at a time when the demand trends are clear and customers don’t need that gasoline." At the same time technical picture in Exxon stocks (dividends adjusted) illustrates Exxon got a huge support of 30-years SMA, and right here is a key Multiyear breakout. Further a hundred fold growth is right there to come. Make Exxon Great Again. #MEGA
NYSE:XOMLong
by Pandorra
VLO - Possible Bullish Swing TradeI will be watching VLO over the next few days and may enter a bullish swing trade if I like the setup. What I will be looking for is a bounce one more time off of the 100 SMA. For the most part, I usually only focus on pure price action when determining whether or not to enter a trade but when looking at the fundamentals for VLO combined with the recent pullback I believe VLO is also undervalued at the current price, which could be a catalyst for a move to the upside. To be clear I am not suggesting that anyone should initiate a long trade on VLO tomorrow but should keep VLO on your radar and watch for a possible bullish setup.
NYSE:VLOLong
by Bigsky_Crypto