Valero Energy Co. (VLO) Expected to Announce Quarterly Sales of $22.96 Billion

Equities research analysts forecast that Valero Energy Co. (NYSE:VLO) will report $22.96 billion in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Valero Energy’s earnings, with the highest sales estimate coming in at $25.40 billion and the lowest estimate coming in at $19.13 billion. Valero Energy reported sales of $20.71 billion during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The firm is scheduled to announce its next earnings report before the market opens on Thursday, February 1st.

According to Zacks, analysts expect that Valero Energy will report full year sales of $22.96 billion for the current fiscal year, with estimates ranging from $84.52 billion to $92.99 billion. For the next financial year, analysts expect that the business will post sales of $98.26 billion per share, with estimates ranging from $81.99 billion to $117.57 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Valero Energy.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.83 by $0.08. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. During the same period in the previous year, the company posted $1.24 EPS. Valero Energy’s revenue was up 19.9% on a year-over-year basis.

Several research firms recently issued reports on VLO. Zacks Investment Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Scotiabank reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Valero Energy in a research note on Tuesday, November 14th. Standpoint Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price objective for the company. in a research note on Thursday, November 16th. Citigroup lifted their price objective on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Macquarie reaffirmed a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $82.59.

Valero Energy (VLO) traded up $0.80 during trading on Monday, hitting $97.26. 2,368,800 shares of the stock traded hands, compared to its average volume of 2,905,000. 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 fifty-two week low of $60.69 and a fifty-two week high of $98.11. The stock has a market cap of $43,580.00, a PE ratio of 21.10, a P/E/G ratio of 1.51 and a beta of 1.20.

In other news, Director Philip J. Pfeiffer sold 1,500 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the transaction, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,287 shares of company stock valued at $27,860,150. Company insiders own 0.45% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in shares of Valero Energy by 4.3% during the third 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 buying an additional 469,406 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Valero Energy by 0.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 3,538,559 shares of the oil and gas company’s stock valued at $272,222,000 after acquiring an additional 25,498 shares during the period. Prudential Financial Inc. increased its stake in Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock valued at $250,174,000 after acquiring an additional 411,630 shares during the period. Bank of Montreal Can increased its stake in Valero Energy by 17.4% in the fourth quarter. Bank of Montreal Can now owns 3,200,849 shares of the oil and gas company’s stock valued at $294,188,000 after acquiring an additional 475,381 shares during the period. Finally, Legal & General Group Plc increased its stake in Valero Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,818,535 shares of the oil and gas company’s stock valued at $216,838,000 after acquiring an additional 77,428 shares during the period. 81.40% of the stock is owned by institutional investors and hedge funds.

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Valero Energy 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 (NYSE:VLO)

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