Valero Energy Corporation (NYSE:VLO) – Analysts at US Capital Advisors lifted their Q4 2018 earnings per share estimates for Valero Energy in a research note issued on Monday. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings per share of $1.22 for the quarter, up from their prior estimate of $1.05. US Capital Advisors has a “Hold” rating on the stock.
Several other research analysts also recently commented on VLO. BidaskClub downgraded Valero Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Jefferies Group reduced their target price on Valero Energy from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 target price on shares of Valero Energy in a report on Thursday, August 31st. ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Deutsche Bank reissued a “hold” rating and issued a $73.00 target price (up from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. Valero Energy has an average rating of “Hold” and an average target price of $79.28.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.24 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value 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 approximately $4,913,059.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the business’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 sold a total of 56,768 shares of company stock valued at $4,161,601 in the last 90 days. 0.45% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. Willingdon Wealth Management bought a new stake in shares of Valero Energy during the 3rd quarter valued at $100,000. Cable Hill Partners LLC raised its position in shares of Valero Energy by 1,015.3% during the 3rd 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 raised its position in shares of Valero Energy by 2,272.1% during the 3rd 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 raised its position in shares of Valero Energy by 13.6% during the 2nd 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 raised its position in shares of Valero Energy by 300.6% during the 3rd 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. Hedge funds and other institutional investors own 81.81% of the company’s stock.
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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