VLO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $419.22
Market Cap $282.14B
P/E (TTM) 17.4
EPS (TTM) $24.03
Revenue (TTM) $139.40B
Div Yield 0.50%
ROE (TTM) 29.4%
52W Range $155–$423

VLO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 3
Ex-date Split Type
May 2, 2013 547-for-500 Forward
Dec. 16, 2005 2-for-1 Forward
Oct. 8, 2004 2-for-1 Forward

About Valero Energy Corporation Common Stock Company overview from Wikipedia

05 · wikidata

Valero Energy Corporation is an American-based fuels producer mostly involved in manufacturing and marketing transportation fuels and other related products. It is headquartered in San Antonio, Texas, United States. Throughout the United States, Canada, and the United Kingdom, the company owns and operates 14 refineries with a combined throughput capacity of approximately 3.2 million barrels per day, two renewable diesel plants that produce approximately 1.2 billion gallons per year, and 12 ethanol plants with a combined production capacity of 1.6 billion gallons as its subsidiaries.

According to a number of estimates, Valero has become a major producer of corn ethanol and renewable diesel.

History

Valero was established on January 1, 1980, as a spinoff of Coastal States Gas Corporation's Subsidiary, LoVaca Gathering Company. The company took over the natural gas operations of the LoVaca Gathering Company, later renamed the Valero Transmission Company. In the 1970s, the Coastal company faced litigation due to its inability to honor contracts to supply utilities around Texas due to a natural gas shortage. After six years, Coastal agreed to a $1.6 billion settlement, which included the establishment of Valero as a new company.

The name Valero comes from Mission San Antonio de Valero, the original name of the mission in the Alamo. The company acquired Corpus Christi Marine Services Company, a small barge company in Corpus Christi, Texas, in April 1981 when it purchased a stake in Saber Energy Inc. of Houston. In May 1985, Valero Refining and Marketing Company was born from Valero's subsidiary, Saber Energy Inc.

In 1997, Valero merged its natural gas service business with Pacific Gas and Electric Company and spun off its refining assets to form Valero Energy Corporation. At the same time, the remaining divisions, which consisted of natural gas operations, merged with a wholly owned subsidiary of PG&E. In May of that year, Valero Energy acquired three refineries from Basis Petroleum. The following year, the company expanded its operations by purchasing the Paulsboro Refinery in New Jersey from Mobil, making it the second-largest independent refiner in the U.S.

In 2000, Valero purchased the Benicia, California, refinery and interest in 350 Exxon-branded service stations in California, mainly in the San Francisco Bay Area. The company also began retailing gasoline under the Valero brand. In June 2001, Valero acquired two asphalt plants on the West Coast.

In 2001, Valero completed its acquisition of Ultramar Diamond Shamrock. With this acquisition, the company also received ownership of Shamrock Logistics L.P., which was renamed Valero L.P. In 2006, Valero L.P. was spun off and renamed NuStar Energy. Starting in 2002, Valero has expanded its marketing to the East Coast, specifically the Northeast and Florida, using the Valero brand.

By 2003, Valero completed its acquisition of El Paso Corp's refinery, pipeline system and terminal assets in Corpus Christi and South Texas. On April 25, 2005, the company purchased Premcor, Inc., for $8 billion. In June 2005, Valero announced that it was beginning a two-year process of converting Diamond Shamrock stations to the Valero brand. And in 2008, the company bought 72 Albertsons gas stations.

In 2009, it was reported that Valero lost an average $1 million per day since the beginning of the year. In November of that year, the company was forced to lay off 500 employees, and subsequently began to permanently shut down its refinery in Delaware City, Delaware.

In 2009, Valero Energy Corporation entered the ethanol market by acquiring 7 ethanol plants in March, and another 3 ethanol plants, purchased in December, all located in the Midwest of the United States.

In 2011, Valero Energy Corporation entered into a joint venture with a subsidiary of Darling Ingredients Inc. to establish Diamond Green Diesel Holdings (DGD). This venture resulted in the construction of a renewable diesel plant adjacent to Valero's refinery in St. Charles, Louisiana.

On March 11, 2011, Valero announced that it had agreed to a major European purchase from Chevron Corporation, Chevron's Pembroke Refinery in Wales together with marketing and logistical assets throughout the United Kingdom and Ireland, which include 4 pipelines, 11 terminals, an aviation fuel business, about 1,000 retail outlets, inventory and other items.

In 2013, Valero spun off its retail operations into a new publicly traded company, CST Brands. Under long-term supply agreements, Valero continues to supply fuel to more than 7,000 retail locations, many of which use brand names owned by Valero. That same year, the company started renewable diesel production at the DGD joint venture plant next to Valero's St. Charles refinery in Louisiana.

A change to the logo, store canopy and facade was announced in April 2018. Known as "Vanguard", with various hues of blue, white, and yellow, Valero explained that applying the new design to all its stores would take several months to complete.

In 2021, DGD began expansion of the DGD St. Charles plant in 2019 and increased its renewable diesel capacity. In 2022, the second DGD plant, located next to Valero's refinery in Port Arthur, Texas, began its operations.

At the beginning of 2026 it was announced that Valero would idle its Benicia, California refinery, but would continue supplying Northern California with gasoline through imports and existing inventories.

On March 23, 2026 an explosion and fire occurred at the Valero Refinery in Port Arthur, Texas.

Operations

Valero's operations are managed through three main segments: refining, renewable diesel, and ethanol.

Refining

This segment includes the operations of Valero's 15 petroleum refineries. The segment also encompasses the marketing of refined petroleum products and the logistics assets supporting these operations.

Renewable diesel

Valero operates this segment through Diamond Green Diesel (DGD), which has two plants in the Gulf Coast region of the United States. These plants have a combined annual production capacity of about 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha.

Ethanol

Valero's ethanol segment includes 12 plants combined production capacity of around 4.1 million gallons per day or approximately 1.6 billion gallons annually.

Sustainable jet fuel

In January 2023, Valero and Darling Ingredients Inc. announced an investment decision on a Sustainable Aviation Fuel (“SAF”) project at the Diamond Green Diesel Port Arthur plant. Valero announced the project was completed in October, 2024, bringing online a capacity of 235 million gallons a year of sustainable jet fuel, or SAF. The fuel consists of 50% synthetic paraffinic kerosene and can be blended with 50% conventional jet fuel. It is calculated to reduce greenhouse gas emissions by 74% to 84% compared to standard jet fuels.

Southwest Airlines signed a two-year agreement with Valero in October 2024, to begin using the sustainable jet fuel at Chicago's Midway International Airport in a deal noted by Illinois Governor JB Pritzker, who enacted a SAF tax credit in 2023. JetBlue also started using Valero's SAF at John F. Kennedy International Airport in March 2024. It was the first long-term use of sustainable jet fuel in the Northeastern US.

Finances

For the fiscal year 2017, Valero Energy reported earnings of US$4.065 billion, with an annual revenue of US$93.980 billion, an increase of 24.2% over the previous fiscal cycle. Valero Energy's shares traded at over $67 per share, and its market capitalization was valued at over US$39.2 billion in November 2018. Valero is ranked No. 31 on the Fortune 500 rankings of the largest United States corporations by total revenue as of 2018.

For 2023, the company reported earnings of US$9.149 billion, with an annual revenue of US$144.766 billion. Valero Energy's shares traded at $130 per share, and its market capitalization was valued at over US$44 billion. Valero is ranked No. 40 on the Fortune 500 rankings of United States corporations by total revenue as of 2022.

The 2025 10K filing was released on Feb 25, 2026.

Environmental record

The Political Economy Research Institute ranks Valero 28th among U.S. corporations based on their airborne pollutant emissions. This ranking considers both the quantity (3.4 million pounds in 2005) and the toxicity of the emissions.

In 2010, Valero was reportedly the largest financial supporter of California Proposition 23, contributing over $4 million by August of that year. Proposition 23 aimed to delay the implementation of California's Global Warming Solutions Act of 2006 until the state achieved an unemployment rate of 5.5% or lower for a full year. Critics argued that because that had happened only three times over the last 40 years, the proposition would have had the practical effect of repealing the law.

Valero owns two oil refineries in California. The Benicia Refinery is located on the Carquinez Strait, though the facility was idled in 2026. The Wilmington Refinery, located 23 miles (37 km) south from downtown Los Angeles. The company's refineries in Wilmington (CA), Benicia (CA), and Port Arthur (TX) were noted for processing crude oil from the Amazon region of South America, raising environmental concerns regarding the protection of the Amazon rainforest. In 2015, the Wilmington and Benicia refineries processed approximately 13,000 and 7,200 barrels of Amazonian crude oil per day, respectively.

In 2022, non-profit environmental group San Francisco Baykeeper sued Valero and Amports, a shipping operator, alleging that the companies had been dumping petroleum coke (or "petcoke") from Valero's Benicia Refinery into the San Francisco Bay. The lawsuit was settled in October 2024 for $2.38 million, with the companies also agreeing to site cleanup and investment in equipment to reduce spills and dust.

In 2024, the Bay Area Air Quality Management District and California Air Resources Board fined Valero $82 million over air pollution violations following a 2019 inspection at Valero's Benicia Refinery, with the fine being the largest in the District's history.

In April 2025, Valero announced it would shut down the Benicia refinery, after recording $1.1 billion in "impairment" costs related to its California operations as the state made efforts to move away from fossil fuels.

EPA Compliance and mitigation

In 2020, the United States Environmental Protection Agency (EPA) announced a settlement with Valero and its subsidiaries regarding alleged Clean Air Act violations related to fuel quality standards and compliance requirements at the company's refineries and an import facilities. The related consent decree requires Valero to implement a company-wide Fuels Management System to help ensure its production complies with regulations. In 2023, an audit by Montrose Environmental Group concluded that Valero has taken substantial actions to address environmental and health concerns in underserved communities, aligning with the U.S. EPA's principles of environmental justice.

Carbon footprint

Valero Energy reported Total CO2e emissions (Direct + Indirect) for the twelve months ending 31 December 2020 at 27,500 Kt (-2,000 /-6.8% y-o-y).

Defense contracts

In the past years, Valero Energy Corp. has secured contracts worth several hundred millions of dollars from the United States Defense Logistics Agency Energy (DLA Energy) through the U.S. Defense Energy Support Center (DESC) to provide fuel for various defense needs.

Divestitures

During 2010, Valero sold its operations on the United States Atlantic coast.

In November 2009, Valero Energy closed its operations at Delaware City. Later, Valero Energy reached an agreement to sell the assets of its Delaware City Refining and Delaware Pipeline to a Petroplus Holdings subsidiary, PBF Energy Partners LP, for approximately $220 million in September 2010.

Shortly after the divestiture of Delaware City, the company sold its refinery at the Port of Paulsboro to PBF Holdings, a wholly owned subsidiary of PBF Energy, as well. The sale concluded Valero's refinery ownership on the East Coast.

Acquisitions

Through acquisitions in 2011, Valero entered the European market while strengthening its position in the United States, by reducing costs in supplying the Atlantic coast.

On August 1, 2011, Valero acquired the Pembroke Refinery from Chevron, as well as the marketing and logistics assets, for $730 million, excluding working capital, which was valued at approximately $1 billion. The Pembroke plant is one of the largest and most complex refineries in Western Europe with a total throughput capacity of 270,000 barrels (43,000 m3) per day and a Nelson complexity index rating of 11.8.

Valero also purchased ownership interest in four major pipelines and eleven fuel terminals, a 14,000-barrel (2,200 m3)-per-day aviation fuel business, and a network of more than 1,000 Texaco-branded wholesale sites. Valero has continued with the Texaco brand in these markets.

Retail

Valero retails gasoline branded as Valero, Shamrock, Diamond Shamrock, Beacon, and Total, the last under license from TotalEnergies. While this arm of the company was the most visible to the public, it was, according to CEO Bill Greehey, "a very small part of [Valero's] operations".

Valero attempted to shift its focus from being a discount gasoline brand to becoming a premium brand. As part of the shift, Valero began to rebrand its Ultramar, Beacon, Total, and Diamond Shamrock stations to the Valero brand. The Beacon and Shamrock brands are used by retailers as a low-cost alternative to the premium Valero brand. The Shamrock brand is based on the former Shamrock Oil and Gas Company, which merged with Diamond Alkali in 1967 to form Diamond Shamrock, thus declaring the trademark from official abandonment. The name Ultramar, while being eliminated in the United States, continued as Valero's brand name in Canada. Valero introduced its updated "Corner Store" retail concept on December 28, 2007, opening the company's first 5,500-square-foot (510 m2) prototype in western San Antonio. The Corner Store retail division, originally part of Diamond Shamrock, was absorbed into Valero's business portfolio in 2001. Not all Valero gas stations included a Corner Store - one Valero gas station in Euless, Texas east of Fort Worth was co-branded with a 7-Eleven convenience store.

Creation of CST Brands

On July 31, 2012, during the 2nd Quarter Earnings Conference Call, Valero announced intentions to separate the retail business from the remainder of the company. CFO Mike Ciskowski stated "We believe the separation of our retail business by way of a tax-efficient distribution to our shareholders will create operational flexibility within the business and unlock value for our shareholders." In 2013, Valero completed the spinoff of the retail operations as CST Brands. Valero no longer owns retail operations using the Diamond Shamrock, Shamrock, Beacon, Ultramar, or Total names, but Valero continues to supply fuel. Valero also supplies fuel in the United Kingdom and Ireland under the Texaco and Valero brand, and in October 2023 started test marketing of the Valero brand at 3 service stations close to its refinery in Wales, United Kingdom. In 2020, the Valero brand was introduced in Mexico and as of 2024 is the branded fuel supplier for 260 gas stations across the country.

Credit cards

Valero issues its own private label credit cards for its stations through its credit card-only subsidiary, DSRM National Bank. The initials stand for "Diamond Shamrock Refining & Marketing", the unit of Diamond Shamrock which created it before being purchased by Valero. The credit card operations are based in Amarillo, Texas, a city where Diamond Shamrock was once previously based.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorEnergy industryEnergy employees9,785 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$122.69B
2016-12-31 → 2025-12-31
EPS$7.57
2016-12-31 → 2025-12-31
Free Cash Flow·
2016-12-31 → 2024-12-31
Net margin5.2%
2018-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend VLO 5Y avg Peer Median Verdict
P/E (TTM) 17.45Y avg ≈15.7 ≈15.7 9.2 Overvalued
P/S 2.35Y avg ≈0.6 ≈0.6 0.5 Overvalued
P/B 11.95Y avg ≈3.5 ≈3.5 4.9 Fair value
Price / Cash Flow 48.45Y avg ≈11.2 ≈11.2 15.8 Overvalued
Price / Tangible Book 12.15Y avg ≈3.6 ≈3.6 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Dividend Yield0.50%
Payout Ratio59.8%
Annualized Payout≈$4.80Paid quarterly
5Y Div CAGR≈2.9%Per share, split-adjusted
Growth Streak≈3Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Jul 31, 2026$1.20USD≈1.5%
May 21, 2026$1.20USD≈1.9%
Feb 5, 2026$1.20USD≈2.4%
Nov 20, 2025$1.13USD≈2.6%
Jul 31, 2025$1.13USD≈3.2%
May 20, 2025$1.13USD≈3.3%
Jan 30, 2025$1.13USD≈3.2%
Nov 20, 2024$1.07USD≈3.0%
Aug 1, 2024$1.07USD≈2.7%
May 30, 2024$1.07USD≈2.8%
Jan 31, 2024$1.07USD≈3.0%
Nov 16, 2023$1.02USD≈3.3%
Aug 2, 2023$1.02USD≈3.2%
May 22, 2023$1.02USD≈3.5%
Feb 13, 2023$1.02USD≈2.8%
Nov 16, 2022$0.98USD≈2.9%
Aug 3, 2022$0.98USD≈3.6%
May 11, 2022$0.98USD≈3.3%
Feb 2, 2022$0.98USD≈4.5%
Nov 17, 2021$0.98USD≈5.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 38.2%
Next Report Oct 21, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Jul 22, 2026 $12.54 $10.22 22.7%
March 31, 2026 $4.22 $3.19 32.2%
Dec. 31, 2025 $3.82 $3.30 15.8%
Sept. 30, 2025 $3.66 $3.08 18.8%
June 30, 2025 $2.28 $1.75 30.0%
March 31, 2025 $0.89 $0.42 109.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 15
Metric Trend 2025202420232022202120202019201820172016
Revenue $122.69B$129.88B$144.77B$176.38B$113.98B$64.91B$108.32B$117.03B$93.98B$75.66B
Cost of Revenue $117.25B$125.08B$131.83B$159.59B$110.85B$65.65B$103.55B$111.44B$89.47B$71.31B
SG&A Expense $1.04B$961M$998M$934M$865M$756M$868M$925M$829M$709M
Operating Expenses ·········$72.09B
Operating Income $3.18B$3.75B$11.86B$15.69B$2.13B$-1.58B$3.84B$4.57B$3.56B$3.53B
Interest Expense $556M$556M$592M$562M$603M$563M$454M$470M$468M$446M
Other Non-op $380M$499M$502M$179M$16M$132M$104M$130M$112M$94M
Pretax Income $3.00B$3.70B$11.77B$15.31B$1.54B$-2.01B$3.49B$4.23B$3.21B$3.18B
Income Tax $759M$692M$2.62B$3.43B$255M$-903M$702M$879M$-949M$765M
Net Income $2.35B$2.77B$8.84B$11.53B$930M$-1.42B$2.42B$3.12B$4.07B$2.29B
EPS (Basic) $7.57$8.58$24.93$29.05$2.27$-3.50$5.84$7.30$9.17$4.94
EPS (Diluted) $7.57$8.58$24.92$29.04$2.27$-3.50$5.84$7.29$9.16$4.94
Shares (Basic) 309,000,000322,000,000353,000,000395,000,000407,000,000407,000,000413,000,000426,000,000442,000,000461,000,000
Shares (Diluted) 309,000,000322,000,000353,000,000396,000,000407,000,000407,000,000414,000,000428,000,000444,000,000464,000,000
EBITDA $6.34B$6.53B$14.56B$18.16B$4.54B$772M$6.09B$6.64B$5.58B$5.47B
Balance Sheet 26
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $4.69B$4.66B$5.42B$4.86B$4.12B$3.31B$2.58B$2.98B$5.85B$4.82B
Receivables $9.88B$9.73B$11.04B$10.76B$9.97B$4.81B$8.06B$7.34B$6.92B$5.90B
Inventory $7.59B$7.76B$7.58B$6.75B$6.26B$6.04B$7.01B$6.53B$6.38B$5.71B
Prepaid Expense $1.05B$611M$689M$600M$400M$384M$385M$816M$156M$374M
Current Assets $23.21B$23.74B$26.22B$24.13B$21.16B$15.84B$18.97B$17.68B$19.31B$16.80B
PP&E (Net) ······$29.26B$28.85B$27.48B$26.47B
PP&E (Gross) ······$44.29B$42.47B$40.01B$37.73B
Accum. Depreciation ······$15.03B$13.62B$12.53B$11.26B
Goodwill $260M$260M$260M$260M$260M$260M$260M$260M$0·
Intangibles $123M$151M$183M$202M$218M$248M$283M$307M$142M$148M
Other Non-current Assets ·$7.09B$6.63B$5.87B$5.88B$5.54B$5.63B$3.63B$3.37B$2.90B
Total Assets $57.99B$60.14B$63.06B$60.98B$57.89B$51.77B$53.86B$50.16B$50.16B$46.17B
Accounts Payable $10.14B$12.09B$12.57B$12.73B$12.49B$6.08B$10.21B$8.59B$8.35B$6.36B
Accrued Liabilities $1.40B$1.13B$1.24B$1.22B$1.25B$994M$949M$630M$712M$694M
Current Liabilities $14.11B$15.49B$16.80B$17.46B$16.85B$9.28B$13.16B$10.72B$11.07B$8.33B
Capital Leases $665M$699M$753M$776M$940M$885M$959M···
Deferred Tax $5.15B$5.27B$5.35B$5.22B$5.21B$5.28B$5.10B$4.96B$4.71B$7.36B
Other Non-current Liabilities $2.46B$2.14B$2.26B$2.31B$3.40B$3.62B$3.89B$2.87B$2.73B$1.74B
Long-term Debt $8.26B$8.09B$9.22B$9.24B$11.95B$13.01B$8.88B$8.50B$8.31B$7.93B
Common Stock $7M$7M$7M$7M$7M$7M$7M$7M$7M$7M
Retained Earnings $47.96B$47.02B$45.63B$38.25B$28.28B$28.95B$31.97B$31.04B$29.20B$26.37B
Treasury Stock $30.75B$28.18B$25.32B$20.20B$15.68B$15.72B$15.65B$14.93B$13.31B$12.03B
AOCI $-469M$-1.27B$-870M$-1.36B$-1.01B$-1.25B$-1.35B$-1.51B$-940M$-1.41B
Stockholders' Equity $23.73B$24.51B$26.35B$23.56B$18.43B$18.80B$21.80B$21.67B$21.99B$20.02B
Liabilities + Equity $57.99B$60.14B$63.06B$60.98B$57.89B$51.77B$53.86B$50.16B$50.16B$46.17B
Shares Outstanding 673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000673,000,000
Cash Flow 17
Metric Trend 2025202420232022202120202019201820172016
D&A $3.16B$2.77B$2.70B$2.47B$2.40B$2.35B$2.25B$2.07B$1.99B$1.89B
Stock-based Comp $117M$100M$107M$103M$88M$80M$89M$86M$77M$68M
Deferred Tax $-197M$-87M$103M$50M$-126M$158M$234M$203M$-2.54B$230M
Other Non-cash $400M$1.13B$-2.52B$-1.58B$2.56B$-220M$531M$-1.11B$1.90B$339M
Operating Cash Flow $5.83B$6.68B$9.23B$12.57B$5.86B$948M$5.53B$4.37B$5.48B$4.82B
CapEx ·$2.06B$1.92B$2.74B$2.46B$2.44B$2.85B$3.38B$1.95B$2.00B
Investing Cash Flow $-1.84B$-1.98B$-1.86B$-2.81B$-2.16B$-2.42B$-3.00B$-3.93B$-2.38B$-2.01B
Debt Issued ········$380M$2.15B
Net Debt Issued ········$380M$2.15B
Stock Repurchased $2.60B$2.88B$5.14B$4.58B$27M$156M$777M$1.71B$1.37B$1.34B
Net Stock Activity $-2.60B$-2.88B$-5.14B$-4.58B$-27M$-156M$-777M$-1.71B$-1.37B$-1.34B
Dividends Paid $1.41B$1.38B$1.45B$1.56B$1.60B$1.60B$1.49B$1.37B$1.24B$1.11B
Financing Cash Flow $-4.18B$-5.05B$-6.94B$-8.85B$-2.85B$2.08B$-3.00B$-3.17B$-2.27B$-2.01B
Net Change in Cash $36M$-595M$562M$740M$809M$730M$-399M$-2.87B$1.03B$702M
Taxes Paid $699M$843M$3.49B$3.29B$-842M$203M$-116M$1.36B$410M$444M
Free Cash Flow ·$4.63B$7.31B$9.84B$3.40B$-1.49B$2.69B$995M$4.13B$3.54B
Levered FCF ·$4.17B$6.85B$9.40B$2.90B$-1.80B$2.32B$623M$3.52B$3.20B
Profitability 7
Metric Trend 2025202420232022202120202019201820172016
Operating Margin 2.6%2.9%8.2%8.9%1.9%-2.4%3.5%3.9%··
Net Margin 1.9%2.1%6.1%6.5%0.82%-2.2%2.2%2.7%··
Pretax Margin 2.5%2.9%8.1%8.7%1.4%-3.1%3.2%3.6%··
EBITDA Margin 5.2%5.0%10.1%10.3%4.0%1.2%5.6%5.7%··
ROA 4.0%4.5%14.2%19.4%1.7%-2.7%4.7%6.2%8.4%5.1%
ROE 9.7%10.9%35.4%54.9%5.0%-7.0%11.1%14.3%19.4%11.3%
ROIC 10.0%12.4%35.0%51.7%9.7%-4.6%14.1%16.7%21.2%13.6%
Liquidity & Solvency 3
Metric Trend 2025202420232022202120202019201820172016
Current Ratio 1.61.51.61.41.31.71.41.61.72.0
Quick Ratio 1.00.91.00.90.80.90.91.01.21.3
Interest Coverage 5.76.820.027.93.5-2.88.49.77.78.0
Efficiency 3
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 2.12.12.33.02.11.22.12.3··
Inventory Turnover 15.316.318.424.518.010.115.317.314.8·
Receivables Turnover 13.012.513.317.015.410.113.316.4··
Per Share 6
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share $35.25$36.42$39.15$35.01$27.38$27.94$32.40$32.19$32.68$29.75
Revenue / Share $397.05$403.36$410.10$445.41$280.04$159.49$261.65$273.44··
Cash Flow / Share $18.85$20.75$26.14$31.75$14.40$2.33$13.36$10.21$12.35$10.39
Cash / Share $6.97$6.92$8.06$7.22$6.12$4.92$3.84$4.43$8.69$7.16
Dividend Paid / Share $4.52$4.28$4.08$3.92$3.92$3.92$3.60$3.20$2.80$2.40
EPS (TTM) $7.57$8.58$24.92$29.04$2.27$-3.50$5.84$7.29$9.16$4.94
Growth Rates 8
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY -5.5%-10.3%-17.9%54.8%75.6%·····
Revenue CAGR 3Y -11.4%4.5%30.6%·······
Revenue CAGR 5Y 13.6%·········
EPS YoY -11.8%-65.6%-14.2%1179.3%······
EPS CAGR 3Y -36.1%55.8%········
Net Income YoY -15.2%-68.7%-23.4%1139.6%······
Net Income CAGR 3Y -41.2%43.9%········
Dividends Paid CAGR 5Y -2.6%·········
Valuation (TTM) 13
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $122.69B$129.88B$144.77B$176.38B$113.98B$64.91B$108.32B$117.03B$93.98B$75.66B
Net Income TTM $2.35B$2.77B$8.84B$11.53B$930M$-1.42B$2.42B$3.12B$4.07B$2.29B
Market Cap $109.56B$82.50B$87.49B$85.38B$50.55B$38.07B$63.03B$50.45B$61.86B$45.98B
P/E 21.514.35.24.433.1-16.216.010.310.013.8
P/S 0.90.60.60.50.40.60.60.40.70.6
P/B 4.63.43.33.62.72.02.92.32.82.3
P / Tangible Book 4.73.43.43.72.82.1····
P / Cash Flow 18.812.39.56.88.640.211.411.511.39.5
P / FCF ·17.812.08.714.9-25.623.550.715.013.0
Dividend Yield 1.3%1.7%1.7%1.8%3.2%4.2%2.4%2.7%2.0%2.4%
Earnings Yield 4.7%7.0%19.2%22.9%3.0%-6.2%6.2%9.7%10.0%7.2%
Payout Ratio 59.8%50.0%16.4%13.6%172.3%-112.6%61.6%43.9%30.6%48.5%
Annual Payout $1.41B$1.38B$1.45B$1.56B$1.60B$1.60B$1.49B$1.37B$1.24B$1.11B

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $122.69B $129.88B $144.77B $176.38B $113.98B
Operating Margin % 2.6% 2.9% 8.2% 8.9% 1.9%
Net Income $2.35B $2.77B $8.84B $11.53B $930M
Diluted EPS $7.57 $8.58 $24.92 $29.04 $2.27

Institutional owners (13F) 2,115 filers · $69.3B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 2,115
Value held $69.3B
New positions 219
Exited positions 100
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
219 (-176 vs prior Q) 100 (+5 vs prior Q) 720 (+67 vs prior Q) 729 (+113 vs prior Q) +2.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $6,548,301,372 25,143,225 9.45% Shares
VANGUARD GROUP INC $6,128,715,224 37,647,983 8.84% Shares
VANGUARD CAPITAL MANAGEMENT LLC $5,050,780,113 19,393,258 7.29% Shares
STATE STREET CORP $4,923,100,445 18,903,012 7.10% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $3,866,239,093 14,845,028 5.58% Shares
FMR LLC $2,214,883,038 8,504,389 3.20% Shares
MORGAN STANLEY $2,093,763,916 8,039,331 3.02% Shares
GEODE CAPITAL MANAGEMENT, LLC $1,903,346,778 7,269,612 2.75% Shares
NORGES BANK $1,667,581,954 6,402,941 2.41% Shares
FRANKLIN RESOURCES INC $1,648,288,385 6,328,819 2.38% Shares
AMERIPRISE FINANCIAL INC $1,360,593,974 5,223,386 1.96% Shares
BANK OF AMERICA CORP /DE/ $1,195,943,441 4,592,012 1.73% Shares
BARCLAYS PLC $880,366,894 3,380,306 1.27% Shares
NORTHERN TRUST CORP $851,389,819 3,269,044 1.23% Shares
Invesco Ltd. $741,141,135 2,845,727 1.07% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $715,859,187 2,748,653 1.03% Shares
Bank of New York Mellon Corp $690,968,371 2,653,080 1.00% Shares
DIMENSIONAL FUND ADVISORS LP $684,831,734 2,628,915 0.99% Shares
GOLDMAN SACHS GROUP INC $676,267,689 2,596,635 0.98% Shares
Nuveen, LLC $651,092,789 2,499,973 0.94% Shares
JPMORGAN CHASE & CO $585,901,654 2,199,990 0.85% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $570,908,440 2,192,092 0.82% Shares
AQR CAPITAL MANAGEMENT LLC $526,195,610 2,020,410 0.76% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $503,745,606 1,908,575 0.73% Shares
Amundi $472,666,778 1,814,886 0.68% Shares
Allspring Global Investments Holdings, LLC $453,890,322 1,684,569 0.65% Shares
VANGUARD FIDUCIARY TRUST CO $435,395,258 1,671,768 0.63% Shares
UBS Group AG $429,859,346 1,650,512 0.62% Shares
Legal & General Group Plc $417,276,185 1,602,197 0.60% Shares
WELLS FARGO & COMPANY/MN $401,978,813 1,543,461 0.58% Shares
Allianz Asset Management GmbH $384,172,440 1,475,090 0.55% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $379,934,670 1,537,699 0.55% Shares
ROYAL BANK OF CANADA $352,201,000 1,352,331 0.51% Shares
Life Cycle Investment Partners Ltd $341,699,103 1,312,007 0.49% Shares
TWO SIGMA INVESTMENTS, LP $334,270,833 1,283,485 0.48% Shares
RAYMOND JAMES FINANCIAL INC $278,898,676 1,070,875 0.40% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $263,487,148 1,011,700 0.38% Call option
AGF MANAGEMENT LTD $240,903,614 924,987 0.35% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $237,965,070 913,704 0.34% Shares
DEUTSCHE BANK AG\ $220,156,704 845,326 0.32% Shares
Swiss National Bank $219,629,052 843,300 0.32% Shares
MILLENNIUM MANAGEMENT LLC $209,519,553 804,483 0.30% Shares
JANE STREET GROUP, LLC $208,820,792 801,800 0.30% Call option
VOYA INVESTMENT MANAGEMENT LLC $207,092,252 795,163 0.30% Shares
AustralianSuper Pty Ltd $203,781,018 782,449 0.29% Shares
HSBC HOLDINGS PLC $194,173,540 743,997 0.28% Shares
Mitsubishi UFJ Asset Management Co., Ltd. $190,196,254 730,284 0.27% Shares
BNP PARIBAS FINANCIAL MARKETS $189,904,253 729,167 0.27% Shares
WELLINGTON MANAGEMENT GROUP LLP $180,999,289 694,975 0.26% Shares
Robeco Institutional Asset Management B.V. $178,927,747 687,021 0.26% Shares

Show all 2,115 institutional owners →

Activists & 5%+ owners 4 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Valero Energy Corporation, Valero Terminaling and Distribution Company, Valero Forest Contribution LLC ×12 filings Jan. 10, 2019 · Initial filing M&A / sale SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Aug. 14, 2003 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person March 25, 2003 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person Jan. 10, 2002 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 44 insiders · 15 officers · 26 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Lane R. Riggs CEO & President Feb. 25, 2026 A 389,126 0 0 $0
Harminder S. Bhullar SVP & CFO Feb. 25, 2026 A 28,599 0 0 $0
Jason W. Fraser EVP & CFO Nov. 21, 2025 S 134,196 0 1 $-1,728,541
Donna M. Titzman EVP and CFO Feb. 26, 2020 A 192,755 0 0 $0
KING GREGORY C President Oct. 29, 2007 F 388,874 0 0 $0
Gary K. Simmons EVP & COO Sept. 16, 2026 G 230,367 0 0 $0
Richard Joe Walsh EVP & GC Aug. 21, 2026 G 97,091 0 0 $0
Eric A Fisher SVP June 29, 2026 S 19,742 0 6 $-7,662,872
Cheryl L. Thomas SVP & CTO Feb. 23, 2023 A 70,759 0 0 $0
Jay D. Browning EVP and GC Oct. 31, 2018 A 222,465 0 0 $0
Michael R. Crownover EVP Nov. 24, 2015 M 134,747 0 0 $0
EDWARDS S EUGENE EVP Jan. 21, 2014 M 157,401 0 0 $0
Kimberly S. Bowers EVP April 15, 2013 F 171,240 0 0 $0
Jean Bernier EVP March 15, 2012 M 52,225 0 0 $0
BOOKE KEITH D EVP and CAO Oct. 29, 2005 F 141,172 0 0 $0
Robert L Reymond Director Sept. 18, 2026 M 1,375 0 0 $0
Matthew J Audette Director Sept. 17, 2026 A · 0 0 $0
Marie A Ffolkes Director May 7, 2026 A 2,814 0 0 $0
Fred M Diaz Director May 7, 2026 A 4,652 0 0 $0
Kimberly S, Greene Director May 7, 2026 A 15,469 0 0 $0
Eric D. Mullins Director May 7, 2026 A 11,671 0 0 $0
Deborah P Majoras Director May 7, 2026 A 30,091 0 0 $0
Rayford Wilkins JR Director May 7, 2026 A 43,079 0 0 $0
Paulett Eberhart Director May 7, 2026 A 15,664 0 0 $0
Randall J Weisenburger Director May 7, 2026 A 112,835 0 0 $0
VALERO ENERGY CORP/TX Director May 6, 2025 A · 0 0 $0
Robert Profusek Director May 15, 2024 A 44,322 0 0 $0
Donald L Nickles Director May 9, 2024 M 32,826 0 0 $0
Philip J. Pfeiffer Director April 28, 2023 M 28,738 0 0 $0
Stephen M Waters Director April 28, 2022 A 14,584 0 0 $0
Susan Kaufman Purcell Director June 21, 2017 S 9,866 0 0 $0
CHOATE JERRY D Director April 30, 2015 A 98,044 0 0 $0
William R Klesse Director Nov. 14, 2014 S 901,761 0 0 $0
Ruben M Escobedo Director May 2, 2013 A 32,363 0 0 $0
Bob Marbut Director May 2, 2013 A 14,392 0 0 $0
Ronald K Calgaard Director Feb. 15, 2013 S 20,854 0 0 $0
Irl F Engelhardt Director April 29, 2010 A 34,384 0 0 $0
W E Bradford Director April 30, 2009 A 63,561 0 0 $0
William E Greehey Director Dec. 7, 2006 G 1,022,733 0 0 $0
Robert G Dettmer Director Oct. 24, 2003 D 9,541 0 0 $0
Joseph W Gorder · Nov. 7, 2024 G 498,028 0 0 $0
Michael S Ciskowski · Jan. 23, 2018 M 71,190 0 0 $0
Richard J Marcogliese · Oct. 25, 2010 F 141,836 0 0 $0
Glenn E Biggs · April 28, 2006 M 22,178 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 160 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
IEO · iShares Trust 12.13% 238,071 SH Sept. 11, 2026 Daily
PXE · Invesco Exchange-Traded Fund Trust 5.80% 20,661 SH Oct. 5, 2026 Daily
RSPG · Invesco Exchange-Traded Fund Trust 5.02% 75,599 SH Oct. 5, 2026 Daily
IYE · iShares Trust 4.62% 226,942 SH Sept. 11, 2026 Daily
PXI · Invesco Exchange-Traded Fund Trust 3.89% 5,454 SH Oct. 5, 2026 Daily
PKW · Invesco Exchange-Traded Fund Trust 3.79% 156,496 SH Oct. 5, 2026 Daily
FENY · FIDELITY COVINGTON TRUST 3.77% 241,868 NS July 31, 2026 N-PORT
VDE · VANGUARD WORLD FUND 3.50% 1,479,023 SH Aug. 19, 2026 Daily
ERX · Direxion Shares ETF Trust 3.36% 25,096 NS July 31, 2026 N-PORT
IXC · iShares Trust 2.94% 225,936 SH Sept. 11, 2026 Daily
AMOM · Exchange Listed Funds Trust 2.88% 2,196 NS July 31, 2026 N-PORT
IGE · iShares Trust 2.79% 58,002 SH Sept. 11, 2026 Daily
FXN · First Trust Exchange-Traded AlphaDE… 2.75% 33,292 NS July 31, 2026 N-PORT
SMRI · EA Series Trust 2.33% 47,921 NS July 31, 2026 N-PORT
LYLD · Cambria ETF Trust 2.29% 530 NS July 31, 2026 N-PORT
RPV · Invesco Exchange-Traded Fund Trust 2.22% 90,601 SH Oct. 5, 2026 Daily
HGRO · ETF Opportunities Trust 2.08% 8,390 NS July 31, 2026 N-PORT
GUSH · Direxion Shares ETF Trust 1.95% 15,441 NS July 31, 2026 N-PORT
TEXN · iShares Trust 1.89% 923 SH Sept. 11, 2026 Daily
PWV · Invesco Exchange-Traded Fund Trust 1.81% 81,491 SH Oct. 5, 2026 Daily
SPVM · Invesco Exchange-Traded Fund Trust 1.80% 5,841 SH Oct. 5, 2026 Daily
LSEQ · Harbor ETF Trust 1.80% 879 NS July 31, 2026 N-PORT
COWZ · Pacer Funds Trust 1.68% 1,002,903 NS July 31, 2026 N-PORT
IMCV · iShares Trust 1.60% 48,200 SH Sept. 11, 2026 Daily
DVY · iShares Trust 1.36% 833,306 SH Sept. 11, 2026 Daily
VOE · VANGUARD INDEX FUNDS 1.33% 1,907,406 SH Aug. 19, 2026 Daily
SYLD · Cambria ETF Trust 1.23% 38,992 NS July 31, 2026 N-PORT
VAMO · Cambria ETF Trust 1.12% 3,874 NS July 31, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III 1.11% 88,390 NS July 31, 2026 N-PORT
SPHQ · Invesco Exchange-Traded Fund Trust 1.10% 509,016 SH Oct. 5, 2026 Daily
MTUM · iShares Trust 1.10% 692,614 SH Sept. 11, 2026 Daily
PDP · Invesco Exchange-Traded Fund Trust 1.00% 36,815 SH Oct. 5, 2026 Daily
EQIN · Columbia ETF Trust I 0.98% 9,485 NS July 31, 2026 N-PORT
WLDR · Two Roads Shared Trust 0.96% 2,799 NS July 31, 2026 N-PORT
SPMO · Invesco Exchange-Traded Fund Trust … 0.91% 526,587 SH Oct. 5, 2026 Daily
AMZA · ETFis Series Trust I 0.90% 13,574 NS July 31, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.86% 185,336 NS July 31, 2026 N-PORT
FTA · First Trust Exchange-Traded AlphaDE… 0.83% 36,927 NS July 31, 2026 N-PORT
VLUE · iShares Trust 0.81% 200,943 SH Sept. 11, 2026 Daily
IMCB · iShares Trust 0.80% 34,714 SH Sept. 11, 2026 Daily
VO · VANGUARD INDEX FUNDS 0.75% 6,434,765 SH Aug. 19, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.74% 179,290 SH Oct. 5, 2026 Daily
QLC · FlexShares Trust 0.73% 23,744 NS July 31, 2026 N-PORT
QDEF · FlexShares Trust 0.72% 12,546 NS July 31, 2026 N-PORT
FEUS · FlexShares Trust 0.71% 2,530 NS July 31, 2026 N-PORT
PRF · Invesco Exchange-Traded Fund Trust 0.69% 166,537 SH Oct. 5, 2026 Daily
XOEF · iShares Trust 0.64% 372 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.60% 6,413 NS July 31, 2026 N-PORT
UPSD · ETF Series Solutions 0.60% 2,243 NS July 31, 2026 N-PORT
VLLU · Harbor ETF Trust 0.59% 88 NS July 31, 2026 N-PORT
VFMF · VANGUARD WELLINGTON FUND 0.57% 15,502 SH Aug. 19, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.55% 13,087 SH Oct. 5, 2026 Daily
DFUV · Dimensional ETF Trust 0.49% 242,359 NS July 31, 2026 N-PORT
EIPX · First Trust Exchange-Traded Fund IV 0.48% 8,688 NS July 31, 2026 N-PORT
HAPI · Harbor ETF Trust 0.48% 7,503 NS July 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.48% 6,978 NS July 31, 2026 N-PORT
DIVB · iShares Trust 0.47% 24,781 SH Sept. 11, 2026 Daily
DYNF · BlackRock ETF Trust 0.44% 475,397 SH Sept. 11, 2026 Daily
FEX · First Trust Exchange-Traded AlphaDE… 0.43% 21,641 NS July 31, 2026 N-PORT
FAB · First Trust Exchange-Traded AlphaDE… 0.41% 2,232 NS July 31, 2026 N-PORT
LRGF · iShares Trust 0.41% 39,302 SH Sept. 11, 2026 Daily
GLOF · iShares Trust 0.41% 2,140 SH Sept. 11, 2026 Daily
PFIG · Invesco Exchange-Traded Fund Trust … 0.40% 491,000 Oct. 5, 2026 Daily
PALC · Pacer Funds Trust 0.40% 2,671 NS July 31, 2026 N-PORT
ESUM · Strategy Shares 0.39% 2,290 NS July 31, 2026 N-PORT
IVE · iShares Trust 0.38% 492,674 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.38% 71,151 NS July 31, 2026 N-PORT
EVUS · iShares Trust 0.38% 3,720 SH Sept. 11, 2026 Daily
IWX · iShares Trust 0.37% 37,531 SH Sept. 11, 2026 Daily
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.37% 29,456 NS July 31, 2026 N-PORT
FDMO · FIDELITY COVINGTON TRUST 0.37% 10,577 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.36% 259,816 SH Sept. 11, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.35% 9,215 NS July 31, 2026 N-PORT
SUSL · iShares Trust 0.34% 10,482 SH Sept. 11, 2026 Daily
ILCV · iShares Trust 0.33% 11,532 SH Sept. 11, 2026 Daily
DSI · iShares Trust 0.32% 45,383 SH Sept. 11, 2026 Daily
VYM · VANGUARD WHITEHALL FUNDS 0.32% 1,181,213 SH Aug. 19, 2026 Daily
DFVX · Dimensional ETF Trust 0.31% 5,238 NS July 31, 2026 N-PORT
SUSA · iShares Trust 0.30% 31,696 SH Sept. 11, 2026 Daily
VTV · VANGUARD INDEX FUNDS 0.29% 2,826,068 SH Aug. 19, 2026 Daily
IQSU · New York Life Investments ETF Trust 0.28% 2,957 NS July 31, 2026 N-PORT
SIZE · iShares Trust 0.27% 2,995 SH Sept. 11, 2026 Daily
VOOV · VANGUARD ADMIRAL FUNDS 0.27% 68,378 SH Aug. 19, 2026 Daily
IWD · iShares Trust 0.27% 578,379 SH Sept. 11, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND 0.26% 8,377 SH Aug. 19, 2026 Daily
HDUS · Lattice Strategies Trust 0.25% 1,642 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.25% 4,854 SH Oct. 5, 2026 Daily
BSCS · Invesco Exchange-Traded Self-Indexe… 0.24% 8,433,000 Oct. 5, 2026 Daily
VFMO · VANGUARD WELLINGTON FUND 0.24% 18,115 SH Aug. 19, 2026 Daily
EUSA · iShares, Inc. 0.23% 11,272 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.21% 15 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.21% 500,622 SH Oct. 5, 2026 Daily
TOPC · iShares Trust 0.21% 181 SH Sept. 11, 2026 Daily
IWL · iShares Trust 0.20% 11,464 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.20% 3,477 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.20% 3,409 SH Sept. 11, 2026 Daily
ESG · FlexShares Trust 0.19% 810 NS July 31, 2026 N-PORT
VONV · VANGUARD SCOTTSDALE FUNDS 0.19% 157,129 SH Aug. 19, 2026 Daily
QVML · Invesco Exchange-Traded Fund Trust … 0.19% 7,732 SH Oct. 5, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.18% 47,655 SH Oct. 5, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.18% 1,713 SH Oct. 5, 2026 Daily
BSCU · Invesco Exchange-Traded Self-Indexe… 0.18% 4,848,000 Oct. 5, 2026 Daily
IVV · iShares Trust 0.17% 3,742,410 SH Sept. 11, 2026 Daily
ILCB · iShares Trust 0.17% 5,737 SH Sept. 11, 2026 Daily
DFSU · Dimensional ETF Trust 0.17% 12,305 NS July 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.17% 17,751 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.16% 12,710 SH Sept. 11, 2026 Daily
IWB · iShares Trust 0.16% 205,004 SH Sept. 11, 2026 Daily
DFAU · Dimensional ETF Trust 0.16% 64,162 NS July 31, 2026 N-PORT
TOV · EA Series Trust 0.16% 1,333 NS July 31, 2026 N-PORT
ITOT · iShares Trust 0.16% 386,595 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.16% 81,283 SH Sept. 11, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.15% 227 SH Oct. 5, 2026 Daily
DFAC · Dimensional ETF Trust 0.15% 223,502 NS July 31, 2026 N-PORT
VOXP · Advisors Series Trust 0.15% 27 NS July 31, 2026 N-PORT
CHRI · Global X Funds 0.15% 37 NS July 31, 2026 N-PORT
BKLC · BNY Mellon ETF Trust 0.14% 25,319 NS July 31, 2026 N-PORT
CATH · Global X Funds 0.14% 6,023 NS July 31, 2026 N-PORT
XYLD · Global X Funds 0.14% 14,925 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.14% 230 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.14% 15,016 NS July 31, 2026 N-PORT
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.14% 40,844 NS July 31, 2026 N-PORT
VOTE · TCW ETF Trust 0.14% 5,009 NS July 31, 2026 N-PORT
XYLG · Global X Funds 0.14% 289 NS July 31, 2026 N-PORT
XCLR · Global X Funds 0.14% 16 NS July 31, 2026 N-PORT
XTR · Global X Funds 0.14% 21 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.14% 90,928 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.14% 831 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.13% 1,120 NS July 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.13% 7,132 NS July 31, 2026 N-PORT
URTH · iShares, Inc. 0.13% 26,872 SH Sept. 11, 2026 Daily
BSCR · Invesco Exchange-Traded Self-Indexe… 0.13% 5,864,000 Oct. 5, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.12% 7,710,423 SH Aug. 19, 2026 Daily
VV · VANGUARD INDEX FUNDS 0.12% 346,786 SH Aug. 19, 2026 Daily
TILT · FlexShares Trust 0.12% 8,216 NS July 31, 2026 N-PORT
PEVC · Pacer Funds Trust 0.12% 9 NS July 31, 2026 N-PORT
HCMT · Direxion Shares ETF Trust 0.11% 2,064 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.11% 94,949 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.11% 9,427,812 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.11% 48,811 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.11% 24,903 SH Aug. 19, 2026 Daily
SPXL · Direxion Shares ETF Trust 0.11% 23,211 NS July 31, 2026 N-PORT
BSCT · Invesco Exchange-Traded Self-Indexe… 0.10% 3,010,000 Oct. 5, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.07% 248,656 SH Aug. 19, 2026 Daily
LGDX · Tidal Trust III 0.07% 303 NS July 31, 2026 N-PORT
IWY · iShares Trust 0.05% 19,528 SH Sept. 11, 2026 Daily
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VLO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

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rating · 26 analysts BUY
Median target $360.00 -14.1%
4 15.4% Strong Buy
10 38.5% Buy
11 42.3% Hold
0 0.0% Sell
1 3.8% Strong Sell

12-Month Price Target

19 analysts · 2026-10-01

Mean target $360.32 -14.1%

Now Current price $419.22
Low$238.00 Mean$360.32 High$457.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

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FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
VLO $109.56B 21.5 -5.5% 1.9% 9.7% ·
MPC · 12.3 -4.4% 3.0% 23.1% ·
PSX · 12.0 -7.5% 3.3% 15.6% ·
DINO $10.29B 15.0 -6.0% 2.1% 6.3% ·
PBF · -19.5 -11.4% -0.54% -2.9% ·
CVI $2.56B 94.2 -5.9% 0.38% 3.8% ·
CLMT $1.72B -50.9 -1.2% -0.82% 3.9% 5.9%
DK $2.29B -78.1 -9.5% -0.21% -5.4% ·
PARR · 4.9 -6.4% 5.0% 27.8% ·

Latest News Recent headlines mentioning this company

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Source: SEC 10-Q filed Jul 30, 2026