Valero Energy Corporation (NYSE:VLO) – Equities research analysts at US Capital Advisors boosted their Q4 2018 earnings per share estimates for Valero Energy in a research report issued to clients and investors on Monday. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings of $1.22 per share for the quarter, up from their prior forecast of $1.05. US Capital Advisors currently has a “Hold” rating on the stock.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company posted $1.24 earnings per share.
Several other equities analysts have also weighed in on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $78.00 price objective on shares of Valero Energy in a research report on Friday, November 17th. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research report on Thursday, November 16th. UBS raised their price objective on shares of Valero Energy from $80.00 to $83.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. Barclays raised their price objective on shares of Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research report on Tuesday, November 14th. Finally, Scotiabank reaffirmed a “buy” rating and set a $84.00 price objective on shares of Valero Energy in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $79.28.
Shares of Valero Energy (NYSE:VLO) traded up $0.62 on Wednesday, reaching $85.59. 2,128,948 shares of the company traded hands, compared to its average volume of 4,037,226. The company has a market capitalization of $37,730.00, a price-to-earnings ratio of 18.53, a PEG ratio of 1.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy has a 52-week low of $60.69 and a 52-week high of $86.42.
A number of hedge funds have recently made changes to their positions in VLO. Mn Services Vermogensbeheer B.V. increased its position in Valero Energy by 514.4% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 74,170 shares of the oil and gas company’s stock worth $5,004,000 after acquiring an additional 62,098 shares during the period. Ledyard National Bank increased its position in Valero Energy by 0.8% during the second quarter. Ledyard National Bank now owns 38,049 shares of the oil and gas company’s stock worth $2,567,000 after acquiring an additional 286 shares during the period. Eqis Capital Management Inc. increased its position in Valero Energy by 2.8% during the second quarter. Eqis Capital Management Inc. now owns 25,460 shares of the oil and gas company’s stock worth $1,717,000 after acquiring an additional 702 shares during the period. OLD National Bancorp IN increased its position in Valero Energy by 48.0% during the second quarter. OLD National Bancorp IN now owns 33,692 shares of the oil and gas company’s stock worth $2,273,000 after acquiring an additional 10,920 shares during the period. Finally, Denali Advisors LLC increased its position in Valero Energy by 1.6% during the second quarter. Denali Advisors LLC now owns 196,194 shares of the oil and gas company’s stock worth $13,235,000 after acquiring an additional 3,000 shares during the period. 81.81% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Stephen M. Waters sold 1,600 shares of Valero Energy stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of Valero Energy stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. In the last three months, insiders sold 56,768 shares of company stock worth $4,161,601. Insiders own 0.45% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s dividend payout ratio is 60.74%.
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Valero Energy Company Profile
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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