Wall Street brokerages predict that Valero Energy Corporation (NYSE:VLO) will announce $20.18 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Valero Energy Corporation’s earnings. The highest sales estimate is $22.18 billion and the lowest is $16.49 billion. Valero Energy Corporation posted sales of $19.65 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 2.7%. The firm is scheduled to report its next earnings report before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that Valero Energy Corporation will report full-year sales of $20.18 billion for the current fiscal year, with estimates ranging from $79.41 billion to $88.96 billion. For the next year, analysts anticipate that the firm will report sales of $83.09 billion per share, with estimates ranging from $75.00 billion to $92.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Valero Energy Corporation.

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

A number of research analysts have commented on VLO shares. Cowen and Company boosted their price objective on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, September 28th. J P Morgan Chase & Co cut Valero Energy Corporation from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $78.00 in a research note on Friday, October 6th. Standpoint Research started coverage on Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price objective on the stock. Barclays PLC restated an “overweight” rating and set a $86.00 price objective (up previously from $85.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 10th. Finally, Scotiabank set a $70.00 price objective on Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $76.39.

ILLEGAL ACTIVITY WARNING: “Valero Energy Corporation (VLO) Expected to Post Quarterly Sales of $20.18 Billion” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.americanbankingnews.com/2017/10/24/valero-energy-corporation-vlo-expected-to-post-quarterly-sales-of-20-18-billion.html.

Valero Energy Corporation (NYSE VLO) traded up 0.37% during trading on Tuesday, reaching $77.69. The company had a trading volume of 1,945,922 shares. Valero Energy Corporation has a 12 month low of $56.54 and a 12 month high of $78.64. The firm’s 50 day moving average is $74.63 and its 200-day moving average is $68.14. The company has a market capitalization of $34.31 billion, a P/E ratio of 19.18 and a beta of 1.21.

In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 656 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Insiders have sold 55,168 shares of company stock worth $4,015,279 in the last 90 days. 0.45% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in VLO. Independent Portfolio Consultants Inc. grew its holdings in shares of Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 619 shares during the last quarter. First Personal Financial Services grew its holdings in shares of Valero Energy Corporation by 13.6% during 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 purchasing an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after purchasing an additional 11 shares during the last quarter. Ffcm LLC grew its holdings in shares of Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Valero Energy Corporation by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock valued at $140,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.59% of the company’s stock.

About Valero Energy Corporation

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 Corporation (VLO)

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

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

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