Analysts expect Valero Energy Co. (NYSE:VLO – Get Rating) to report $39.83 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Valero Energy’s earnings, with the lowest sales estimate coming in at $37.38 billion and the highest estimate coming in at $42.45 billion. Valero Energy reported sales of $27.75 billion during the same quarter last year, which indicates a positive year over year growth rate of 43.5%. The firm is scheduled to announce its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Valero Energy will report full-year sales of $158.37 billion for the current fiscal year, with estimates ranging from $156.85 billion to $160.09 billion. For the next financial year, analysts anticipate that the firm will report sales of $147.71 billion, with estimates ranging from $144.56 billion to $150.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Valero Energy.
Valero Energy (NYSE:VLO – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.71. Valero Energy had a net margin of 1.93% and a return on equity of 13.69%. The company had revenue of $38.54 billion for the quarter, compared to the consensus estimate of $32.23 billion. During the same quarter in the previous year, the firm posted ($1.73) EPS. The business’s revenue was up 85.2% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Valero Energy by 3.2% in the first quarter. Vanguard Group Inc. now owns 47,955,666 shares of the oil and gas company’s stock worth $4,869,418,000 after purchasing an additional 1,499,939 shares during the period. BlackRock Inc. raised its holdings in Valero Energy by 4.3% in the fourth quarter. BlackRock Inc. now owns 37,549,543 shares of the oil and gas company’s stock worth $2,820,347,000 after purchasing an additional 1,536,457 shares during the period. Geode Capital Management LLC increased its position in shares of Valero Energy by 5.9% during the fourth quarter. Geode Capital Management LLC now owns 7,675,499 shares of the oil and gas company’s stock worth $575,161,000 after acquiring an additional 428,672 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Valero Energy by 20.4% during the first quarter. Bank of New York Mellon Corp now owns 7,642,838 shares of the oil and gas company’s stock worth $776,055,000 after acquiring an additional 1,296,547 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 8.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 7,635,050 shares of the oil and gas company’s stock worth $775,264,000 after acquiring an additional 587,056 shares in the last quarter. Institutional investors own 77.56% of the company’s stock.
Shares of NYSE:VLO traded up $4.29 on Monday, hitting $124.70. 3,800,670 shares of the company were exchanged, compared to its average volume of 5,370,252. The company’s 50 day moving average price is $103.85 and its two-hundred day moving average price is $87.26. Valero Energy has a one year low of $58.85 and a one year high of $129.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.18. The firm has a market capitalization of $50.89 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.57 and a beta of 1.78.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 7th. Shareholders of record on Thursday, May 12th will be issued a $0.98 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $3.92 annualized dividend and a yield of 3.14%. Valero Energy’s dividend payout ratio (DPR) is presently 63.33%.
About Valero Energy (Get Rating)
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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