Headlines about Valero Energy (NYSE:VLO) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valero Energy earned a news impact score of 0.12 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 47.2880622853846 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Valero Energy (VLO) PT Raised to $105.00 at JPMorgan Chase & Co. (americanbankingnews.com)
- Which Institutions Are Selling Marathon Petroleum Stock? (finance.yahoo.com)
- $1.31 Earnings Per Share Expected for Valero Energy Co. (VLO) This Quarter (americanbankingnews.com)
- Valero Energy Co. (VLO) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Refinery Workers Press Lawmakers to Ease Biofuel Quota Costs (finance.yahoo.com)
Several equities research analysts recently commented on VLO shares. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Barclays raised their target price on Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a report on Tuesday, November 14th. Credit Suisse Group started coverage on Valero Energy in a report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 target price on the stock. Citigroup raised their target price on Valero Energy from $76.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.35.
Shares of Valero Energy (VLO) opened at $93.49 on Wednesday. The company has a current ratio of 1.74, a quick ratio of 1.17 and a debt-to-equity ratio of 0.38. Valero Energy has a twelve month low of $60.69 and a twelve month high of $99.95. The stock has a market capitalization of $40,151.09, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.11 and a beta of 1.03.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to analyst estimates of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The business’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. equities analysts anticipate that Valero Energy will post 7.16 earnings per share for the current fiscal year.
Valero Energy declared that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were given a $0.80 dividend. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, February 12th. This represents a $3.20 annualized dividend and a dividend yield of 3.42%. Valero Energy’s dividend payout ratio (DPR) is presently 34.63%.
In other news, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now owns 309,119 shares in the company, valued at approximately $28,837,711.51. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by company insiders.
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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