Wall Street brokerages predict that Valero Energy Corporation (NYSE:VLO) will post earnings of $1.27 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Valero Energy Corporation’s earnings, with estimates ranging from $1.08 to $1.45. Valero Energy Corporation reported earnings of $1.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The business is scheduled to report its next earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that Valero Energy Corporation will report full year earnings of $4.09 per share for the current financial year, with EPS estimates ranging from $3.46 to $5.00. For the next financial year, analysts anticipate that the company will post earnings of $5.71 per share, with EPS estimates ranging from $4.00 to $7.69. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Valero Energy Corporation.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.58%. The firm’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 earnings per share.
Several brokerages have weighed in on VLO. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. BidaskClub lowered Valero Energy Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Royal Bank Of Canada increased their price objective on Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Piper Jaffray Companies reissued a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $71.59.
In related news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.45% of the company’s stock.
Several large investors have recently modified their holdings of the company. Tompkins Financial Corp increased its stake in shares of Valero Energy Corporation by 190.3% in the first quarter. Tompkins Financial Corp now owns 1,701 shares of the oil and gas company’s stock worth $109,000 after buying an additional 1,115 shares during the period. Independent Portfolio Consultants Inc. increased its stake in shares of Valero Energy Corporation by 62.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after buying an additional 619 shares during the period. First Personal Financial Services increased its stake in shares of Valero Energy Corporation by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after buying an additional 196 shares during the period. Guardian Life Insurance Co. of America increased its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Valero Energy Corporation during the first quarter worth about $127,000. Institutional investors own 79.25% of the company’s stock.
Valero Energy Corporation (VLO) traded down 0.31% during trading on Tuesday, reaching $67.79. 3,114,722 shares of the company’s stock were exchanged. The company has a market capitalization of $30.32 billion, a price-to-earnings ratio of 16.75 and a beta of 1.21. The stock’s 50-day moving average price is $67.10 and its 200-day moving average price is $66.09. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be given a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.13%. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
Valero Energy Corporation 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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