Wall Street analysts expect Valero Energy (NYSE:VLO) to report $23.53 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Valero Energy’s earnings, with the lowest sales estimate coming in at $19.73 billion and the highest estimate coming in at $27.00 billion. Valero Energy posted sales of $21.77 billion in the same quarter last year, which would indicate a positive year over year growth rate of 8.1%. The business is scheduled to report its next quarterly earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that Valero Energy will report full year sales of $100.10 billion for the current fiscal year, with estimates ranging from $82.62 billion to $112.46 billion. For the next financial year, analysts anticipate that the business will report sales of $101.68 billion per share, with estimates ranging from $85.23 billion to $123.05 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Valero Energy.
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 Thomson Reuters’ 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 firm had revenue of $26.39 billion during the quarter, compared to analysts’ expectations of $23.02 billion. During the same period last year, the business earned $0.81 earnings per share. Valero Energy’s revenue was up 27.4% compared to the same quarter last year.
VLO has been the subject of several recent analyst reports. Scotiabank restated a “buy” rating and set a $93.00 price objective on shares of Valero Energy in a research report on Friday, December 22nd. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Credit Suisse Group started coverage on shares of Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 price objective for the company. Piper Jaffray reaffirmed a “hold” rating and set a $98.00 target price on shares of Valero Energy in a research note on Monday, January 22nd. Finally, Citigroup increased their target price on shares of Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $95.94.
Several hedge funds and other institutional investors have recently bought and sold shares of VLO. Independence Bank of Kentucky purchased a new position in shares of Valero Energy in the fourth quarter valued at approximately $102,000. Parkside Financial Bank & Trust boosted its stake in shares of Valero Energy by 211.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 799 shares during the period. SWS Partners purchased a new position in shares of Valero Energy in the fourth quarter valued at approximately $127,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Valero Energy in the fourth quarter valued at approximately $135,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of 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 purchasing an additional 1,398 shares during the period. 80.90% of the stock is owned by institutional investors and hedge funds.
Valero Energy stock traded down $0.98 during midday trading on Monday, hitting $106.56. 283,452 shares of the stock were exchanged, compared to its average volume of 3,415,647. Valero Energy has a fifty-two week low of $60.69 and a fifty-two week high of $108.83. The stock has a market cap of $46,215.55, a P/E ratio of 21.68, a PEG ratio of 1.13 and a beta of 1.02. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38.
Valero Energy declared that its board has approved a stock buyback plan 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 buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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