Media stories about Valero Energy (NYSE:VLO) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valero Energy earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.188197803705 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Valero Energy stock traded down $0.85 during trading on Monday, hitting $92.94. 2,327,322 shares of the stock traded hands, compared to its average volume of 3,428,367. Valero Energy has a 52 week low of $60.69 and a 52 week high of $99.95. The firm has a market capitalization of $40,627.58, a price-to-earnings ratio of 10.06, a P/E/G ratio of 1.06 and a beta of 1.03. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The company had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. The business’s quarterly revenue was up 27.4% compared to the same quarter last year. sell-side analysts forecast that Valero Energy will post 7.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.44%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio is presently 34.63%.
Valero Energy announced that its board has initiated a stock repurchase program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
VLO has been the topic of a number of recent analyst reports. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen reaffirmed a “buy” rating and set a $100.00 price target on shares of Valero Energy in a research note on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of Valero Energy in a research note on Tuesday, January 30th. Deutsche Bank cut their price target on shares of Valero Energy from $98.00 to $95.00 and set a “hold” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $105.00 price target (up previously from $99.00) on shares of Valero Energy in a research note on Tuesday, March 13th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $93.65.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares of the company’s stock, valued at $5,120,237.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.
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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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