Valero Energy Corporation (VLO) Receives Daily News Impact Score of 0.05
News stories about Valero Energy Corporation (NYSE:VLO) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Valero Energy Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.7296164119716 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Valero Texas Open to leap Masters in one of biggest moves ever (bizjournals.com)
- JPM downgrades Valero, HollyFrontier (timesofindia.indiatimes.com)
- November 24th Options Now Available For Valero Energy (VLO) (nasdaq.com)
- Valero signs 10-year extension as Texas Open title sponsor (finance.yahoo.com)
- How to trade oil’s big comeback rally (finance.yahoo.com)
VLO has been the topic of a number of recent analyst reports. Standpoint Research initiated coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price objective on the stock. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Monday, June 26th. Jefferies Group LLC raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $65.00 to $80.00 in a research note on Thursday, June 22nd. Citigroup Inc. decreased their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. Finally, BidaskClub raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Valero Energy Corporation presently has a consensus rating of “Buy” and an average target price of $74.61.
Shares of Valero Energy Corporation (NYSE:VLO) opened at 77.23 on Friday. The company has a market cap of $34.11 billion, a PE ratio of 19.06 and a beta of 1.22. Valero Energy Corporation has a 1-year low of $52.64 and a 1-year high of $78.64. The firm’s 50 day moving average is $71.32 and its 200-day moving average is $67.22.
Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 EPS. Equities analysts expect that Valero Energy Corporation will post $4.44 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.
In related news, Director Stephen M. Waters sold 656 shares of the stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,168 shares of company stock worth $4,015,279. 0.45% of the stock is owned by insiders.
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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.
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