Valero Energy (VLO) Soars 4.9%: Is Further Upside Left in the Stock?

Company Overview - Valero Energy (VLO) shares increased by 4.9% to $133.35 in the last trading session, with a higher-than-average trading volume, contrasting with a 1.5% loss over the past four weeks [1] - The company is part of the Zacks Oil and Gas - Refining and Marketing industry, which includes other companies like EnLink Midstream (ENLC) [4] Market Impact - The recent bullish trend in Valero's stock is attributed to new U.S. sanctions on Russian crude oil exports, which have disrupted global oil supply and led to a spike in oil prices [2] - Higher oil prices are expected to enhance margins for integrated refiners like Valero, as they can pass increased costs onto consumers through higher refined product prices [2] Earnings Expectations - Valero is projected to report quarterly earnings of$ 0.16 per share, reflecting a significant year-over-year decline of 95.5%, with revenues expected to be $30.43 billion, down 14.1% from the previous year [3] - The consensus EPS estimate for Valero has been revised 17.1% lower in the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Comparison - EnLink Midstream's consensus EPS estimate remains unchanged at$ 0.16, representing a year-over-year increase of 14.3%, and it also holds a Zacks Rank of 3 (Hold) [5]