Headlines about Valero Energy Corporation (NYSE:VLO) have trended somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Valero Energy Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 46.0845308964104 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
Several equities research analysts have recently issued reports on the stock. US Capital Advisors lowered shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research note on Monday. They noted that the move was a valuation call. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price target (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Finally, Citigroup Inc. decreased their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $77.19.
Valero Energy Corporation (NYSE:VLO) traded up 1.36% during mid-day trading on Friday, reaching $77.33. 2,950,287 shares of the company traded hands. The stock has a 50-day moving average of $74.98 and a 200 day moving average of $68.29. Valero Energy Corporation has a 52-week low of $57.40 and a 52-week high of $78.64. The stock has a market capitalization of $34.15 billion, a PE ratio of 19.09 and a beta of 1.22.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. Equities research analysts expect that Valero Energy Corporation will post $4.75 earnings per share for the current year.
In other news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Insiders sold a total of 55,168 shares of company stock worth $4,015,279 in the last three months. Insiders own 0.45% of the company’s stock.
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About Valero Energy Corporation
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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