Analysts expect that Valero Energy Co. (NYSE:VLO) will post $23.53 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Valero Energy’s earnings. The lowest sales estimate is $21.04 billion and the highest is $27.39 billion. Valero Energy reported sales of $21.77 billion during the same quarter last year, which would suggest a positive year over year growth rate of 8.1%. The business is expected to announce its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Valero Energy will report full-year sales of $23.53 billion for the current financial year, with estimates ranging from $81.99 billion to $112.46 billion. For the next financial year, analysts expect that the company will post sales of $98.37 billion per share, with estimates ranging from $77.62 billion to $123.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Valero Energy.
Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The business had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.55% and a net margin of 4.33%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 EPS.
Shares of Valero Energy (NYSE:VLO) opened at $89.84 on Thursday. Valero Energy has a 1-year low of $60.69 and a 1-year high of $99.95. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $39,583.58, a P/E ratio of 9.72, a P/E/G ratio of 1.13 and a beta of 0.99.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be given a $0.80 dividend. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a yield of 3.56%. The ex-dividend date is Monday, February 12th. Valero Energy’s payout ratio is currently 30.30%.
Valero Energy declared that its Board of Directors has approved a stock buyback program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other news, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total transaction of $87,230.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were 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. Over the last ninety days, insiders sold 299,687 shares of company stock worth $27,733,958. Company insiders own 0.45% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board increased its position in shares of Valero Energy by 1.9% during the fourth quarter. New Mexico Educational Retirement Board now owns 42,416 shares of the oil and gas company’s stock valued at $3,898,000 after purchasing an additional 800 shares during the period. Old Mutual Global Investors UK Ltd. increased its position in shares of Valero Energy by 975.4% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 59,263 shares of the oil and gas company’s stock valued at $5,446,000 after purchasing an additional 53,752 shares during the period. Carnick & Kubik Group LLC increased its position in shares of Valero Energy by 171.2% during the fourth quarter. Carnick & Kubik Group LLC now owns 77,596 shares of the oil and gas company’s stock valued at $7,132,000 after purchasing an additional 48,984 shares during the period. Pegasus Partners Ltd. increased its position in shares of Valero Energy by 34.3% during the fourth quarter. Pegasus Partners Ltd. now owns 15,208 shares of the oil and gas company’s stock valued at $1,398,000 after purchasing an additional 3,880 shares during the period. Finally, Keeler Thomas Management LLC bought a new stake in shares of Valero Energy during the fourth quarter valued at approximately $195,000. Institutional investors and hedge funds own 81.22% of the company’s stock.
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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