Valero Energy Corporation (NYSE:VLO) – Equities researchers at Jefferies Group upped their Q3 2017 earnings estimates for shares of Valero Energy Corporation in a research report issued to clients and investors on Wednesday. Jefferies Group analyst C. Goldman now forecasts that the oil and gas company will post earnings per share of $1.57 for the quarter, up from their prior forecast of $1.29. Jefferies Group has a “Buy” rating and a $78.00 price target on the stock. Jefferies Group also issued estimates for Valero Energy Corporation’s Q4 2017 earnings at $1.15 EPS, FY2017 earnings at $4.63 EPS, FY2018 earnings at $7.63 EPS and FY2019 earnings at $7.30 EPS.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the prior year, the company earned $1.07 EPS. The firm’s revenue was up 13.6% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Jefferies Group Research Analysts Lift Earnings Estimates for Valero Energy Corporation (VLO)” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/08/26/jefferies-group-research-analysts-lift-earnings-estimates-for-valero-energy-corporation-vlo.html.

Several other equities analysts also recently commented on VLO. US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub downgraded shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a report on Monday, June 26th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $72.62.

Shares of Valero Energy Corporation (VLO) opened at 67.67 on Friday. The company’s 50-day moving average is $67.32 and its 200-day moving average is $66.12. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The stock has a market capitalization of $29.89 billion, a PE ratio of 16.70 and a beta of 1.21. Valero Energy Corporation also was the recipient of some unusual options trading activity on Thursday. Stock traders bought 10,566 put options on the stock. This represents an increase of 224% compared to the typical daily volume of 3,262 put options.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a yield of 4.14%. Valero Energy Corporation’s payout ratio is 69.14%.

In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company’s stock.

Large investors have recently made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Valero Energy Corporation by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares during the last quarter. Welch & Forbes LLC increased its stake in shares of Valero Energy Corporation by 0.3% in the first quarter. Welch & Forbes LLC now owns 4,781 shares of the oil and gas company’s stock worth $317,000 after buying an additional 16 shares during the last quarter. BKD Wealth Advisors LLC increased its stake in shares of Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares during the last quarter. Brown Advisory Securities LLC increased its stake in shares of Valero Energy Corporation by 0.7% in the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after buying an additional 25 shares during the last quarter. Finally, Eads & Heald Investment Counsel increased its stake in shares of Valero Energy Corporation by 0.3% in the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.

About Valero Energy Corporation

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.

Earnings History and Estimates for Valero Energy Corporation (NYSE:VLO)

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