Valero Energy Co. (NYSE:VLO) Expected to Announce Quarterly Sales of $21.84 Billion


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Analysts forecast that Valero Energy Co. (NYSE:VLO) will report $21.84 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Valero Energy’s earnings, with estimates ranging from $20.51 billion to $23.18 billion. Valero Energy reported sales of $10.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 110%. The company is scheduled to announce its next earnings report on Thursday, July 29th.

On average, analysts expect that Valero Energy will report full year sales of $89.69 billion for the current fiscal year, with estimates ranging from $85.85 billion to $93.52 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $99.98 billion, with estimates ranging from $84.90 billion to $115.06 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Valero Energy.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Wednesday, April 21st. The oil and gas company reported ($1.73) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.91) by $0.18. The business had revenue of $20.81 billion for the quarter, compared to analysts’ expectations of $17.42 billion. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 earnings per share.

A number of brokerages recently commented on VLO. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price target on Valero Energy from $95.00 to $121.00 and gave the company a “buy” rating in a research report on Monday. Raymond James raised Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 target price for the company in a research report on Thursday, April 22nd. Tudor Pickering raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, April 5th. UBS Group began coverage on Valero Energy in a research report on Tuesday, January 26th. They issued a “neutral” rating and a $66.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Valero Energy from $70.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, February 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. Valero Energy has an average rating of “Buy” and an average price target of $82.94.

Large investors have recently bought and sold shares of the stock. CVA Family Office LLC bought a new stake in Valero Energy during the first quarter valued at $25,000. Sittner & Nelson LLC bought a new stake in Valero Energy during the fourth quarter valued at $25,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Valero Energy by 97.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 473 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 234 shares during the period. Glassman Wealth Services boosted its stake in Valero Energy by 120.6% during the fourth quarter. Glassman Wealth Services now owns 503 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 275 shares during the period. Finally, Clearview Wealth Advisors LLC bought a new stake in Valero Energy during the fourth quarter valued at $34,000. 74.57% of the stock is owned by institutional investors.

Shares of VLO traded up $0.01 on Thursday, reaching $78.16. 3,801,314 shares of the company’s stock traded hands, compared to its average volume of 3,935,836. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73. The stock has a market cap of $31.93 billion, a PE ratio of -2,604.13, a PEG ratio of 84.85 and a beta of 2.14. The stock’s 50 day simple moving average is $73.06 and its two-hundred day simple moving average is $61.55. Valero Energy has a 52-week low of $35.44 and a 52-week high of $84.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 8th. Investors of record on Monday, May 17th will be paid a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 5.02%. The ex-dividend date is Friday, May 14th. Valero Energy’s dividend payout ratio is 68.77%.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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