News headlines about Valero Energy (NYSE:VLO) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Valero Energy earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 47.5511831205084 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Colonial Pipeline defends fees to U.S. watchdog after shippers complain (VLO, MPC, CVX, TLP, DAL) (markets.businessinsider.com)
- Head-To-Head Comparison: Phillips 66 (PSX) versus Valero Energy (VLO) (americanbankingnews.com)
- Valero Energy (VLO) PT Raised to $97 at Wells Fargo on Independent Refiners Update; ‘Tax Reform Drives EPS … – StreetInsider.com (streetinsider.com)
- Examining Fresh Signals: SM Energy Company (SM), Valero Energy Corporation (VLO) – Market Movers (financialqz.com)
- Valero Energy Co. Expected to Earn Q4 2017 Earnings of $1.15 Per Share (VLO) (americanbankingnews.com)
Valero Energy (NYSE VLO) traded up $0.41 during midday trading on Friday, reaching $91.13. 1,813,366 shares of the company were exchanged, compared to its average volume of 3,429,420. Valero Energy has a 1-year low of $60.69 and a 1-year high of $91.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The stock has a market capitalization of $39,697.35, a P/E ratio of 19.68, a PEG ratio of 1.84 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders 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 dividend on an annualized basis and a yield of 3.07%. Valero Energy’s dividend payout ratio is presently 60.48%.
Several brokerages have recently commented on VLO. Macquarie reiterated a “neutral” rating on shares of Valero Energy in a report on Monday, October 23rd. They noted that the move was a valuation call. Deutsche Bank reiterated a “hold” rating and issued a $73.00 target price (up previously from $65.00) on shares of Valero Energy in a report on Wednesday, September 20th. Jefferies Group downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Cowen restated a “buy” rating and set a $90.00 price objective on shares of Valero Energy in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the company’s stock. Valero Energy has a consensus rating of “Hold” and a consensus target price of $79.76.
In other Valero Energy news, Director Stephen M. Waters sold 656 shares of the stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $122,130.00. The disclosure for this sale can be found here. Insiders have sold 50,413 shares of company stock valued at $4,444,680 in the last quarter. Company insiders own 0.45% 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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