Valero Energy Corporation (VLO) Forecasted to Post FY2017 Earnings of $4.07 Per Share

Valero Energy Corporation (NYSE:VLO) – US Capital Advisors boosted their FY2017 EPS estimates for Valero Energy Corporation in a report released on Thursday. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings per share of $4.07 for the year, up from their prior forecast of $3.71. US Capital Advisors currently has a “Hold” rating on the stock. US Capital Advisors also issued estimates for Valero Energy Corporation’s Q4 2018 earnings at $1.05 EPS and FY2018 earnings at $4.69 EPS.

Several other research firms have also issued reports on VLO. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Credit Suisse Group reiterated a “hold” rating and set a $65.00 target price on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Scotiabank set a $70.00 target price on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. reiterated a “neutral” rating and set a $70.00 target price (up from $69.50) on shares of Valero Energy Corporation in a report on Saturday, April 22nd. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and lifted their target price for the company from $65.55 to $73.00 in a report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. Valero Energy Corporation currently has a consensus rating of “Buy” and an average target price of $71.59.

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Valero Energy Corporation (NYSE:VLO) opened at 64.55 on Friday. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $71.40. The firm has a 50 day moving average of $67.53 and a 200-day moving average of $66.12. The company has a market capitalization of $28.51 billion, a price-to-earnings ratio of 15.93 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period last year, the firm earned $1.07 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the sale, the director now owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Guardian Life Insurance Co. of America increased its stake in Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares during the period. Welch & Forbes LLC increased its stake in Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock worth $317,000 after buying an additional 16 shares during the period. BKD Wealth Advisors LLC increased its stake in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares during the period. Brown Advisory Securities LLC increased its stake in Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after buying an additional 25 shares during the period. Finally, Eads & Heald Investment Counsel increased its stake in Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after buying an additional 25 shares during the period. 78.88% of the stock is owned by institutional investors and hedge funds.

Valero Energy Corporation 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.

Earnings History and Estimates for Valero Energy Corporation (NYSE:VLO)

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