Equities research analysts expect Valero Energy Corporation (NYSE:VLO) to announce sales of $22.31 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Valero Energy’s earnings, with the highest sales estimate coming in at $24.01 billion and the lowest estimate coming in at $19.14 billion. Valero Energy posted sales of $20.71 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The company is expected to announce its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Valero Energy will report full year sales of $22.31 billion for the current financial year, with estimates ranging from $85.64 billion to $91.59 billion. For the next year, analysts expect that the company will post sales of $84.84 billion per share, with estimates ranging from $74.76 billion to $95.10 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Valero Energy.

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

Several research firms have issued reports on VLO. Wells Fargo & Company reaffirmed an “outperform” rating and set a $87.00 price target (up from $74.00) on shares of Valero Energy in a research report on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and set a $73.00 price objective (up from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, October 16th. Finally, Jefferies Group lowered their price target on shares of Valero Energy from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $79.28.

In other news, Director Stephen M. Waters sold 656 shares of Valero Energy stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,268 shares of company stock worth $4,263,601. 0.45% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of VLO. BlackRock Inc. boosted its stake in shares of Valero Energy by 2.8% in the 2nd quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock valued at $2,651,044,000 after purchasing an additional 1,080,617 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Valero Energy by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock valued at $2,303,979,000 after purchasing an additional 747,980 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Valero Energy by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock valued at $797,793,000 after purchasing an additional 65,704 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Valero Energy by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,273,542 shares of the oil and gas company’s stock valued at $867,273,000 after purchasing an additional 469,406 shares in the last quarter. Finally, LSV Asset Management boosted its stake in shares of Valero Energy by 4.2% in the 2nd quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock valued at $612,324,000 after purchasing an additional 366,009 shares in the last quarter. 81.82% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy (NYSE VLO) opened at $85.62 on Friday. The stock has a market cap of $36,424.24, a P/E ratio of 17.98, a P/E/G ratio of 1.73 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. Valero Energy has a 1-year low of $60.35 and a 1-year high of $85.86.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 3.27%. Valero Energy’s payout ratio is 60.48%.

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About Valero Energy

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 (NYSE:VLO)

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