Brokerages expect that Valero Energy Corporation (NYSE:VLO) will announce sales of $22.31 billion for the current quarter, according to Zacks. Three analysts have made estimates for Valero Energy Corporation’s earnings. The lowest sales estimate is $19.14 billion and the highest is $24.01 billion. Valero Energy Corporation reported sales of $20.71 billion in the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The company is scheduled to report its next quarterly earnings report on Tuesday, January 30th.
According to Zacks, analysts expect that Valero Energy Corporation will report full-year sales of $22.31 billion for the current financial year, with estimates ranging from $85.64 billion to $91.59 billion. For the next year, analysts forecast that the business will report sales of $84.30 billion per share, with estimates ranging from $74.76 billion to $95.10 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Valero Energy Corporation.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. During the same quarter in the prior year, the business posted $1.24 EPS. The company’s revenue for the quarter was up 19.9% on a year-over-year basis.
Several research analysts have recently issued reports on VLO shares. Citigroup Inc. lowered their target price on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Royal Bank of Canada restated a “buy” rating and issued a $77.00 target price on shares of Valero Energy Corporation in a report on Thursday, August 31st. Jefferies Group LLC lowered their target price on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. Finally, Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have given a buy rating to the company. Valero Energy Corporation presently has an average rating of “Hold” and a consensus price target of $77.19.
In other news, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 56,768 shares of company stock valued at $4,141,471 in the last quarter. Insiders own 0.45% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in VLO. BlackRock Inc. increased its holdings in shares of Valero Energy Corporation by 2,578.1% in the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after purchasing an additional 36,790,343 shares in the last quarter. FMR LLC increased its holdings in shares of Valero Energy Corporation by 146.1% in the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock valued at $150,071,000 after purchasing an additional 1,320,524 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Valero Energy Corporation by 6,236.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after purchasing an additional 1,207,400 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Valero Energy Corporation by 1,780.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock valued at $76,039,000 after purchasing an additional 1,067,201 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Valero Energy Corporation by 88.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock valued at $144,273,000 after purchasing an additional 1,005,206 shares in the last quarter. Institutional investors and hedge funds own 80.70% of the company’s stock.
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Valero Energy Corporation (NYSE VLO) opened at $81.37 on Friday. Valero Energy Corporation has a twelve month low of $60.35 and a twelve month high of $82.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.31. The stock has a market cap of $35,898.37, a price-to-earnings ratio of 17.56, a PEG ratio of 1.69 and a beta of 1.17.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.44%. Valero Energy Corporation’s payout ratio is currently 60.48%.
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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