Valero Energy Corp. stock trades under the ticker VLO & has shown recent bullishness that traders & investors should research further into.
VLO stock closed at $131.88/share on 3/27/2023.
Valero Energy Corp. VLO Stock’s Technical Performance Broken Down
VLO Stock Price: $131.88
10 Day Moving Average: $129.39
50 Day Moving Average: $134.72
200 Day Moving Average: $121.24
RSI: 49.99
MACD: -1.118
Yesterday, VLO stock completed a bullish MACD crossover, gaining +2.03% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, after recently climbing back from the losses of early March 2023.
VLO stock has support at the $129.39 (10 day moving average), $128.70 & $127.86/share price levels, with resistance at the $134.72 (50 day moving average), $135.70 & $141.32/share price levels.
Valero Energy Corp. VLO Stock As A Long-Term Investment
Long-term oriented investors will like VLO stock’s 4.35 P/E (ttm) & their 1.99 P/B (mrq).
They recently reported 17.5% Quarterly Revenue Growth Y-o-Y, with 208.5% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $4.86B of Total Cash (mrq) & $12.72B of Total Debt (mrq).
VLO stock pays a 3.03% dividend yield, which appears to be sustainable in the long-run, as their payout ratio is 13.5%.
83.82% of VLO stock’s outstanding share float is owned by institutional investors.
Valero Energy Corp. VLO Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from VLO stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $130, $131 & $129 calls are all in-the-money, listed from highest to lowest level of open interest.
The $135, $132 & $134 puts are also all in-the-money, with the former being more liquid than the latter two strikes.
Tying It All Together
VLO stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their valuation metrics, recent growth & dividend yield.
Traders will like their recent technical performance & how liquid their options are.
All-in-all, VLO stock is worth taking a closer look at to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN VLO STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***