Inside the research
Valero Energy Corporation
VLO Research profile · latest available data
Price overview
$387.18
▲ +4.32 (+1.1%)
| 52w hi | $413.28 |
|---|---|
| 52w lo | $153.14 |
| Vol | 3.81M |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.83
| Short | +0.53 |
|---|---|
| Medium | +1.01 |
| Long | +1.07 |
computed 2026-09-27
Key fundamentals
Valero Energy Corporation
Energy · Oil & Gas Refining & Marketing
| Market cap | $111.48B |
|---|---|
| Enterprise value | $118.22B |
| Trailing P/E | 16.15x |
| Forward P/E | 10.18x |
| EV / EBITDA | 8.84x |
| P / S (ttm) | 0.84x |
| Profit margin | 5.4% |
| Return on equity | 27.6% |
| Revenue growth | +51.7% |
| Earnings growth | +453.5% |
| Debt / equity | 40.15 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.47 | |
| Sector | +0.09 | |
| Technical | +0.48 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
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 (CARBOB) and Conventional Blendstock for Oxygenate Blending (CBOB) 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 also owns and operates renewable diesel and ethanol plants, as well as produces and sells renewable diesel, renewable naphtha, and neat sustainable aviation fuel under the Diamond Green Diesel brand name. In addition, it offers ethanol and various co-products, including dry distillers 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.
Risk Metrics
| Beta vs SPX | 0.57 |
|---|---|
| Corr SPX | 0.24 |
| Annual vol | 37.2% |
| Annual ret | +59.9% |
| Sharpe | 1.61 |
| Max DD | -27.3% |
Window: 504 trading days (504 obs)
Analyst Coverage
| Mean PT | $255.21 |
|---|---|
| High / Low | $300.00 / $181.00 |
| Median | $260.00 |
| Analysts | 19 |
| Strong Buy | 3 | |
|---|---|---|
| Buy | 7 | |
| Hold | 7 | |
| Sell | 2 | |
| Strong Sell | 1 |
Recent rating actions
| 2026-05-01 | Citigroup | → Neutral |
| 2026-04-27 | TD Cowen | → Hold |
| 2026-04-24 | Morgan Stanley | → Equal-Weight |
| 2026-04-22 | Scotiabank | → Sector Outperform |
| 2026-04-21 | Wolfe Research | → Underperform |
| 2026-04-15 | Citigroup | → Neutral |
Officers & Board
| CEO | Lane Riggs since 2023 |
|---|---|
| Director | Fred Diaz since 2021 |
| Director | Eric Mullins since 2020 |
| Director | Paulett Eberhart since 2016 |
| Director | Kim Greene since 2016 |
| Director | Joseph Gorder since 2014 |
| Director | Phil Pfeiffer since 2012 |
| Director | Deborah Majoras since 2012 |
| Director | Ray Wilkins since 2011 |
| Director | Randall Weisenburger since 2011 |
| Director | Bob Profusek since 2005 |
| Director | Don Nickles since 2005 |
| Founder | William Greehey current |
| CEO | Joseph Gorder 2014–2023 |
| Director | Steve Waters 2008–2022 |
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-30 | Earnings Release, Exhibits | read |
| 2026-07-16 | Reg FD Disclosure | read |
| 2026-05-08 | Officer / Director Change, Shareholder Vote… | read |
| 2026-04-30 | Earnings Release, Exhibits | read |
| 2026-03-09 | Material Agreement, Exhibits | read |
| 2026-01-29 | Earnings Release, Exhibits | read |
| 2025-10-29 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-10-23 | Earnings Release, Exhibits | read |
| 2025-10-16 | Material Agreement, Material Obligation… | read |
| 2025-09-19 | Officer / Director Change, Reg FD Disclosure… | read |
| 2025-07-24 | Earnings Release, Exhibits | read |
| 2025-05-09 | Officer / Director Change, Shareholder Vote… | read |
Flow & Concentration
| Insider 180d net | $0 |
|---|---|
| Insider buys / sells | 0 / 0 |
| Insider bias | Neutral |
| 13F holders | 9 |
| Top-5 share | 95.5% |
| HHI | 3,785 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $4.92B | 18.90M |
| Fidelity / FMR LLC | $2.21B | 8.50M |
| AQR Capital Management | $526.20M | 2.02M |
| Capital Research / Capital World | $500.44M | 1.92M |
| Citadel Advisors | $317.49M | 1.22M |
| Millennium Management | $290.46M | 1.12M |
| Bridgewater Associates | $74.23M | 285.00K |
| Renaissance Technologies | $34.11M | 130.99K |
| T. Rowe Price Group | $1.02M | 3.92M |
As of 2026-06-30
Dividends
| Yield (TTM) | 0.60% |
|---|---|
| $ / share (TTM) | $2.33 |
| 5y CAGR | +2.9% |
Annual dividend per share
| 2021 | $3.92 |
|---|---|
| 2022 | $3.92 |
| 2023 | $4.08 |
| 2024 | $4.28 |
| 2025 | $4.52 |
| 2026 | $1.20 |
Federal Contracts
| Amount | Agency | Description |
|---|---|---|
| $116.30M | Department of Defense | 14000000 USG OF TURBINE FUEL, AVIATION (JP8) |
| $114.33M | Department of Defense | 14000000 USG OF TURBINE FUEL, AVIATION (JP8) |
| $76.85M | Department of Defense | 14000000 USG OF TURBINE FUEL, AVIATION (JP8) |
| $70.63M | Department of Defense | CLIN 0007 14000000 USG OF TURBINE FUEL, AVIATION (JP8) FMS REQUIREMENT FMS REQU |
| $64.68M | Department of Defense | CLIN 0008 9140-01-556-9156 DIESEL FUEL OIL (EN590) 14,000,000.00 USG UNIT PR |
| $63.31M | Department of Defense | CLIN 0007 9130010315819 TURBINE FUEL, (JP8) 14,000,000 USG PRICE $1.872500 FMS R |
| $63.02M | Department of Defense | CLIN 0007 9130010315819 TURBINE FUEL, (JP8) 14,00,000,000 USG FMS REQUIREMENT OV |
| $62.13M | Department of Defense | CLIN 10 9140015569156 DIESEL FUEL OIL (EN590) 14,000,000 USG PRICE $1.828760 FMS |
SEC Filings
The Long Run
FY 2009–2025 · 17 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Gross profit | $533.00M | -21.4% | |
| Operating income | $3.75B | +69.3% | |
| Net income | $2.35B | -4.9% | |
| Cash from ops | $5.83B | +0.6% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $378.00 | $388.92 | $370.59 | $387.18 | 3.81M |
| Sep 24 | $379.06 | $393.00 | $373.17 | $382.86 | 3.72M |
| Sep 23 | $380.43 | $388.01 | $364.96 | $375.84 | 7.08M |
| Sep 22 | $384.90 | $396.20 | $375.03 | $377.14 | 7.46M |
| Sep 21 | $409.59 | $419.04 | $391.00 | $393.27 | 3.90M |
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