Valero Energy Corp (VLO)
Energy · Oil & Gas Refining & Marketing · US stock · S&P 500 component
$444.71
▲ +0.65 (0.15%)
Fair valueFair
$453 +1.8% to fair value
$226fair band $272–$634$679
Day's range
$439.40 – $451.98
52-week range
$152.07 – $461.52
About Valero Energy Corp
Valero Energy operates petroleum refineries that turn crude oil into gasoline, diesel, jet fuel and other fuels and chemicals. It also produces renewable diesel and ethanol, which are lower-carbon fuels. Customers include fuel wholesalers, retailers, airlines, industrial users and other energy companies, and its products move through pipelines, terminals and export routes.
Valero earns revenue from refined products, and its results depend on the gap between what they fetch and what crude oil costs. The last twelve months brought $139.4 billion, though revenue growth over the last three years was -11.4% a year. The operating margin is 7.2%, and the business earns a profit of 27% on the capital invested in it. It has net debt of 0.3 times EBITDA. A dividend is paid, with a yield of 1.1%. On the site's X-Ray Score it receives 43 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $152.07 – $461.52Volume 2,094,300Daily, split-adjusted
Vitals
Market cap$130.7B
52-week range$152.07 – $461.52
Volume (last day)2,094,300
P/E (TTM)18.7
EBIT / EV yield7.3%
Free-cash-flow yield–
Dividend yield1.1%
Revenue (TTM)$139.4B
Net income (TTM)$7.2B
Operating margin7.2%
Return on capital27.2%
Debt incl. leases$11.3B
Cash & securities$7.9B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$453model spread $290 – $425
Fair
+1.8% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Multiples use through-the-cycle earnings (0.51x of the last twelve months)
Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so the fair value range is widened
Price $445
Undervalued < $272Fair $272 – $634Overvalued > $634
10-year DCF (market-scaled)
$779
Peer multiples
$218
Earnings power floor (not blended)
$169
Fundamentals-adjusted multiple
$361
Growth the price implies
13.7%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Energy peers. Open a lens to see the numbers behind it.
Valuation
Weak
49/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield7.3%
Fair value vs price1.0×
Growth
Weak
11/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)-11.4%
EPS growth (3y)-36.1%
Growth consistency20%
Profitability
Fair
50/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital27.2%
Operating margin7.2%
Gross profitability17.3%
Financial health
Fair
69/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.3×
Interest cover17.8×
Dividends
Weak
28/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.1%
Dividend growth-3.5%
Quarterly results: last 6 quarters
-4.7%
Mar '25
-13.3%
Jun '25
-2.2%
Sep '25
-1.2%
Dec '25
+7.0%
Mar '26
+48.8%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $44.5B, diluted EPS $12.62.
Compare with peers
PSX Phillips 6650 MPC Marathon Petroleum Cor...48Other Oil & Gas Refining & Marketing companies by X-Ray Score.
Fundamentals checklist
● 4 Good · ● 5 Average · ● 5 BadCash quality
Earnings backed by cashAverage
Risk models
Altman Z''Good
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverAverage
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 41/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $114.0B | $176.4B | $144.8B | $129.9B | $122.7B |
| Operating income | $2.1B | $15.7B | $11.9B | $3.8B | $3.2B |
| Net income | $930M | $11.5B | $8.8B | $2.8B | $2.3B |
| Operating cash flow | $5.9B | $12.6B | $9.2B | $6.7B | $5.8B |
| Operating margin | 1.9% | 8.9% | 8.2% | 2.9% | 2.6% |
| Free cash flow | $3.4B | $9.8B | $7.3B | $4.6B | – |
| Diluted EPS | $2.27 | $29.04 | $24.92 | $8.58 | $7.57 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 4 neutral · 0 bearish
Weekly
Strongly bullish
11 bullish · 0 neutral · 1 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 438.1 | Bullish |
| EMA 10 | 436.7 | Bullish |
| SMA 20 | 413.9 | Bullish |
| EMA 20 | 420.9 | Bullish |
| SMA 50 | 381.6 | Bullish |
| EMA 50 | 385.0 | Bullish |
| SMA 100 | 327.9 | Bullish |
| EMA 100 | 342.9 | Bullish |
| SMA 200 | 272.7 | Bullish |
| EMA 200 | 291.0 | Bullish |
Oscillators (daily)
| RSI (14) | 66.41 | Neutral |
| MACD (12, 26) | 20.43 | Bullish |
| Momentum (12) | 14.73 | Bullish |
| Stochastic %K (14) | 79.49 | Neutral |
| Williams %R (14) | -20.51 | Neutral |
| CCI (20) | 89.30 | Neutral |
Pivot points (classic, last session)
S3 426.2 | S2 432.8 | S1 438.7 | Pivot 445.4 | R1 451.3 | R2 457.9 | R3 463.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.73 USD
Yield on today's price
1.06%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 31 Jul 2026 | 1.2000 |
| 21 May 2026 | 1.2000 |
| 5 Feb 2026 | 1.2000 |
| 20 Nov 2025 | 1.1300 |
| 31 Jul 2025 | 1.1300 |
| 20 May 2025 | 1.1300 |
| 30 Jan 2025 | 1.1300 |
| 20 Nov 2024 | 1.0700 |
| 1 Aug 2024 | 1.0700 |
| 30 May 2024 | 1.0700 |
| 31 Jan 2024 | 1.0700 |
| 16 Nov 2023 | 1.0200 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
VLO SEC filings
18 Sep 2026
8-KSEC EDGAR
Director or officer change; Regulation FD disclosure
30 Jul 2026
10-QSEC EDGAR
Quarterly report
30 Jul 2026
8-KSEC EDGAR
Results of operations
16 Jul 2026
8-KSEC EDGAR
Regulation FD disclosure
8 May 2026
8-KSEC EDGAR
Director or officer change; Shareholder vote results
30 Apr 2026
10-QSEC EDGAR
Quarterly report
30 Apr 2026
8-KSEC EDGAR
Results of operations
19 Mar 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.