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Valero Energy (VLO) Stock Moves -1.43%: What You Should Know

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In the latest trading session, Valero Energy (VLO - Free Report) closed at $107.24, marking a -1.43% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.11%. At the same time, the Dow lost 1.54%, and the tech-heavy Nasdaq lost 0.3%.

Heading into today, shares of the oil refiner had lost 7.1% over the past month, outpacing the Oils-Energy sector's loss of 11.61% and the S&P 500's loss of 8.19% in that time.

Wall Street will be looking for positivity from Valero Energy as it approaches its next earnings report date. This is expected to be October 25, 2022. The company is expected to report EPS of $8.60, up 604.92% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $42.12 billion, up 42.67% from the year-ago period.

VLO's full-year Zacks Consensus Estimates are calling for earnings of $27.55 per share and revenue of $173.97 billion. These results would represent year-over-year changes of +880.43% and +52.64%, respectively.

Investors should also note any recent changes to analyst estimates for Valero Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.25% higher. Valero Energy currently has a Zacks Rank of #2 (Buy).

Looking at its valuation, Valero Energy is holding a Forward P/E ratio of 3.95. For comparison, its industry has an average Forward P/E of 5.03, which means Valero Energy is trading at a discount to the group.

It is also worth noting that VLO currently has a PEG ratio of 0.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Refining and Marketing industry currently had an average PEG ratio of 0.41 as of yesterday's close.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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