Wall Street brokerages forecast that Valero Energy Co. (NYSE:VLO) will report $22.68 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Valero Energy’s earnings, with the lowest sales estimate coming in at $19.09 billion and the highest estimate coming in at $24.81 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 9.5%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, February 1st.
According to Zacks, analysts expect that Valero Energy will report full-year sales of $22.68 billion for the current fiscal year, with estimates ranging from $84.61 billion to $92.40 billion. For the next fiscal year, analysts forecast that the firm will report sales of $91.27 billion per share, with estimates ranging from $73.20 billion to $117.57 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 posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate 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%. Valero Energy’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.24 earnings per share.
Shares of Valero Energy (NYSE VLO) traded up $0.30 during trading hours on Friday, hitting $93.59. The stock had a trading volume of 2,976,900 shares, compared to its average volume of 3,205,733. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. Valero Energy has a twelve month low of $60.69 and a twelve month high of $93.62. The stock has a market capitalization of $41,470.00, a P/E ratio of 20.30, a P/E/G ratio of 1.46 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st were given a dividend of $0.70 per share. The ex-dividend date was Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 2.99%. Valero Energy’s dividend payout ratio (DPR) is presently 60.74%.
In related news, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the transaction, the chief financial officer now directly owns 57,589 shares in the company, valued at $5,120,237.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Insiders have sold 49,757 shares of company stock worth $4,394,916 over the last quarter. 0.45% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Willingdon Wealth Management acquired a new stake in Valero Energy during the third quarter worth about $100,000. Cable Hill Partners LLC increased its stake in Valero Energy by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 1,198 shares during the last quarter. San Francisco Sentry Investment Group CA increased its stake in Valero Energy by 2,272.1% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after acquiring an additional 1,386 shares during the last quarter. Ffcm LLC increased its stake in Valero Energy by 189.4% during the second 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. Finally, Manchester Capital Management LLC increased its stake in Valero Energy by 16.9% during the second quarter. Manchester Capital Management LLC now owns 2,076 shares of the oil and gas company’s stock worth $140,000 after acquiring an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.
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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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