Valero Energy Co. (VLO) Expected to Announce Quarterly Sales of $30.87 Billion

Analysts expect that Valero Energy Co. (NYSE:VLO) will announce $30.87 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Valero Energy’s earnings. The highest sales estimate is $34.37 billion and the lowest is $25.84 billion. Valero Energy reported sales of $26.39 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 17%. The firm is scheduled to announce its next earnings results on Thursday, February 7th.

On average, analysts expect that Valero Energy will report full year sales of $117.48 billion for the current financial year, with estimates ranging from $111.84 billion to $122.68 billion. For the next fiscal year, analysts forecast that the company will report sales of $134.60 billion, with estimates ranging from $117.23 billion to $152.89 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Valero Energy.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion for the quarter, compared to the consensus estimate of $31.82 billion. Valero Energy had a return on equity of 11.90% and a net margin of 3.96%.

VLO has been the topic of several recent research reports. Standpoint Research raised Valero Energy from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Wells Fargo & Co cut their target price on Valero Energy from $141.00 to $135.00 and set a “buy” rating on the stock in a report on Friday, October 26th. Morgan Stanley lifted their target price on Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 31st. Goldman Sachs Group downgraded Valero Energy from a “neutral” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Tudor Pickering downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $117.80.

VLO traded down $2.17 during midday trading on Friday, hitting $77.03. 2,105,204 shares of the company were exchanged, compared to its average volume of 4,375,533. The company has a market capitalization of $33.61 billion, a PE ratio of 15.53, a PEG ratio of 0.67 and a beta of 1.15. Valero Energy has a 1-year low of $77.00 and a 1-year high of $126.98. The company has a current ratio of 1.59, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Tuesday, November 20th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Monday, November 19th. Valero Energy’s payout ratio is 64.52%.

A number of institutional investors have recently modified their holdings of the stock. FMR LLC increased its position in Valero Energy by 71.1% in the 2nd quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after buying an additional 6,831,581 shares in the last quarter. AQR Capital Management LLC increased its position in Valero Energy by 10.3% in the 3rd quarter. AQR Capital Management LLC now owns 8,371,097 shares of the oil and gas company’s stock valued at $952,212,000 after buying an additional 781,426 shares in the last quarter. Morgan Stanley increased its position in Valero Energy by 14.2% in the 3rd quarter. Morgan Stanley now owns 3,545,018 shares of the oil and gas company’s stock valued at $403,246,000 after buying an additional 441,925 shares in the last quarter. Putnam Investments LLC increased its holdings in Valero Energy by 0.5% during the 3rd quarter. Putnam Investments LLC now owns 2,844,779 shares of the oil and gas company’s stock worth $323,593,000 after purchasing an additional 13,903 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Valero Energy by 47.4% during the 3rd quarter. Janus Henderson Group PLC now owns 2,590,296 shares of the oil and gas company’s stock worth $294,647,000 after purchasing an additional 832,413 shares in the last quarter. 77.72% of the stock is owned by institutional investors and hedge funds.

About Valero Energy

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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