Wall Street analysts forecast that Valero Energy Co. (NYSE:VLO) will announce $0.66 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Valero Energy’s earnings. The highest EPS estimate is $1.50 and the lowest is $0.30. Valero Energy reported earnings of $1.00 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 34%. The firm is expected to announce its next quarterly earnings report on Thursday, April 25th.
On average, analysts expect that Valero Energy will report full year earnings of $7.34 per share for the current fiscal year, with EPS estimates ranging from $6.50 to $9.09. For the next fiscal year, analysts anticipate that the company will report earnings of $11.61 per share, with EPS estimates ranging from $8.80 to $13.83. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Valero Energy.
Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 31st. The oil and gas company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $1.09. The firm had revenue of $28.73 billion during the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%.
Shares of Valero Energy stock opened at $84.94 on Friday. The stock has a market capitalization of $35.47 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.43 and a beta of 1.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.65 and a quick ratio of 1.04. Valero Energy has a 1 year low of $68.81 and a 1 year high of $126.98.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Wednesday, February 13th were issued a dividend of $0.90 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $0.80. The ex-dividend date was Tuesday, February 12th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.24%. Valero Energy’s dividend payout ratio is currently 48.85%.
In related news, Director Stephen M. Waters acquired 500 shares of the stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average price of $84.97 per share, with a total value of $42,485.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund grew its holdings in Valero Energy by 4,599.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,491,501 shares of the oil and gas company’s stock valued at $167,000 after buying an additional 12,225,706 shares during the last quarter. Norges Bank acquired a new stake in Valero Energy in the 4th quarter valued at approximately $346,427,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Valero Energy in the 4th quarter valued at approximately $91,065,000. Rehmann Capital Advisory Group grew its holdings in Valero Energy by 11,863.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,063,694 shares of the oil and gas company’s stock valued at $9,351,000 after buying an additional 1,054,803 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Valero Energy by 86.3% in the 3rd quarter. Alliancebernstein L.P. now owns 2,119,846 shares of the oil and gas company’s stock valued at $241,132,000 after buying an additional 982,198 shares during the last quarter. 76.96% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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