$1.24 Earnings Per Share Expected for Valero Energy Co. (VLO) This Quarter

Analysts expect Valero Energy Co. (NYSE:VLO) to report earnings of $1.24 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Valero Energy’s earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $0.98. Valero Energy posted earnings per share of $0.81 in the same quarter last year, which indicates a positive year over year growth rate of 53.1%. The company is scheduled to issue its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Valero Energy will report full-year earnings of $4.92 per share for the current fiscal year, with EPS estimates ranging from $4.25 to $5.33. For the next fiscal year, analysts anticipate that the business will report earnings of $6.38 per share, with EPS estimates ranging from $5.10 to $7.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Valero Energy.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. Valero Energy’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.24 EPS.

Several equities research analysts recently issued reports on the stock. J P Morgan Chase & Co downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and raised their target price for the company from $75.00 to $78.00 in a research note on Friday, October 6th. Cowen raised their target price on shares of Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, September 28th. Barclays raised their target price on shares of Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. UBS reiterated a “neutral” rating and issued a $80.00 target price (up from $69.00) on shares of Valero Energy in a research note on Wednesday, September 27th. Finally, Citigroup raised their target price on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $79.28.

Shares of Valero Energy (NYSE:VLO) traded down $0.86 during midday trading on Friday, hitting $88.07. The stock had a trading volume of 2,953,400 shares, compared to its average volume of 4,022,134. The company has a market cap of $38,904.23, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.96 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy has a 12 month low of $60.69 and a 12 month high of $89.21.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.18%. Valero Energy’s dividend payout ratio is presently 60.48%.

In other news, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The disclosure for this sale can be found here. Insiders have sold 4,756 shares of company stock worth $385,316 over the last ninety days. Insiders own 0.45% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Willingdon Wealth Management bought a new position in Valero Energy in the third quarter valued at approximately $100,000. Cable Hill Partners LLC increased its stake in Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after acquiring an additional 1,198 shares during the last quarter. San Francisco Sentry Investment Group CA increased its stake in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 1,386 shares during the last quarter. First Personal Financial Services increased its stake in Valero Energy by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 196 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in Valero Energy by 300.6% in the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock valued at $143,000 after acquiring an additional 1,398 shares during the last quarter. 81.31% of the stock is currently owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “$1.24 Earnings Per Share Expected for Valero Energy Co. (VLO) This Quarter” was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://sportsperspectives.com/2017/12/20/1-24-earnings-per-share-expected-for-valero-energy-co-vlo-this-quarter.html.

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.

Get a free copy of the Zacks research report on Valero Energy (VLO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Valero Energy (NYSE:VLO)

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply