Press coverage about Valero Energy (NYSE:VLO) has trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valero Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.2580362571454 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Technical Review on Valero Energy Corporation (VLO) – Wall Street Morning (wallstreetmorning.com)
- Intraday Trade Strategies in Focus – Valero Energy Corporation (NYSE: VLO) – Alpha Beta Stock (alphabetastock.com)
- Spellbinding Stocks: ICU Medical, Inc., (NASDAQ: ICUI), Valero Energy Corporation, (NYSE: VLO); – TNN (tradingnewsnow.com)
- Valero Energy (VLO) PT Lowered to $95.00 (americanbankingnews.com)
VLO has been the subject of a number of recent research reports. Citigroup upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and set a $114.00 price target for the company in a research note on Wednesday, February 14th. ValuEngine upgraded shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Cowen reaffirmed a “buy” rating and set a $100.00 price objective on shares of Valero Energy in a report on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and set a $110.00 price objective on shares of Valero Energy in a report on Tuesday, January 30th. Finally, Scotiabank reissued a “buy” rating and issued a $93.00 price target on shares of Valero Energy in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $93.65.
Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The business had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. research analysts predict that Valero Energy will post 6.95 EPS for the current year.
Valero Energy announced that its board has approved a stock repurchase plan on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, February 12th. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 annualized dividend and a dividend yield of 3.40%. Valero Energy’s dividend payout ratio (DPR) is presently 34.63%.
In other Valero Energy news, CFO Michael S. Ciskowski sold 251,530 shares of the firm’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total value 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 $28,837,711.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.45% 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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