Wall Street analysts forecast that Valero Energy Corporation (NYSE:VLO) will report sales of $22.28 billion for the current quarter, Zacks reports. Four analysts have made estimates for Valero Energy Corporation’s earnings, with estimates ranging from $16.66 billion to $33.12 billion. Valero Energy Corporation posted sales of $19.65 billion during the same quarter last year, which would indicate a positive year over year growth rate of 13.4%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, October 24th.

According to Zacks, analysts expect that Valero Energy Corporation will report full-year sales of $22.28 billion for the current year, with estimates ranging from $78.91 billion to $104.69 billion. For the next fiscal year, analysts forecast that the firm will report sales of $93.58 billion per share, with estimates ranging from $66.11 billion to $160.21 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Valero Energy Corporation.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS.

A number of brokerages have commented on VLO. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. BidaskClub cut shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of Valero Energy Corporation in a research report on Thursday, May 25th. Finally, Jefferies Group LLC cut their price target on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.56.

In related news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were 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 approximately $638,132.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of VLO. Independent Portfolio Consultants Inc. raised its holdings in shares of Valero Energy Corporation by 62.2% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services raised its holdings in shares of Valero Energy Corporation by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America raised its holdings in shares of Valero Energy Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Valero Energy Corporation in the 1st quarter worth about $127,000. Finally, Ffcm LLC raised its holdings in shares of Valero Energy Corporation by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the last quarter. Institutional investors own 80.75% of the company’s stock.

Shares of Valero Energy Corporation (NYSE VLO) opened at 71.13 on Friday. The firm has a market cap of $31.42 billion, a P/E ratio of 17.56 and a beta of 1.19. The company’s 50-day moving average price is $67.83 and its 200 day moving average price is $66.36. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.51.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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

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