Zacks: Brokerages Anticipate Valero Energy Co. (VLO) Will Announce Earnings of $1.31 Per Share
Wall Street analysts predict that Valero Energy Co. (NYSE:VLO) will post earnings of $1.31 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Valero Energy’s earnings. The highest EPS estimate is $2.05 and the lowest is $1.08. Valero Energy reported earnings of $0.68 per share in the same quarter last year, which would indicate a positive year over year growth rate of 92.6%. The firm is scheduled to report its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Valero Energy will report full-year earnings of $7.16 per share for the current fiscal year, with EPS estimates ranging from $6.15 to $8.56. For the next financial year, analysts forecast that the company will post earnings of $7.55 per share, with EPS estimates ranging from $5.85 to $8.92. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that cover Valero Energy.
Valero Energy (NYSE:VLO) last released its earnings results on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The business had revenue of $26.39 billion for the quarter, compared to the consensus estimate of $23.02 billion. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up 27.4% on a year-over-year basis.
Valero Energy (NYSE:VLO) traded up $1.01 during midday trading on Friday, hitting $94.32. 3,017,618 shares of the company were exchanged, compared to its average volume of 3,760,000. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 1.17. Valero Energy has a twelve month low of $60.69 and a twelve month high of $99.95. The company has a market cap of $41,270.00, a P/E ratio of 18.98, a P/E/G ratio of 1.13 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.39%. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date was Monday, February 12th. Valero Energy’s payout ratio is currently 64.39%.
Valero Energy announced that its board has approved a stock buyback program on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other Valero Energy news, CFO Michael S. Ciskowski sold 251,530 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the completion of the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen M. Waters sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $87.23, for a total transaction of $87,230.00. The disclosure for this sale can be found here. Insiders sold 298,187 shares of company stock valued at $27,611,828 over the last three months. Insiders own 0.45% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of VLO. Willingdon Wealth Management bought a new stake in shares of Valero Energy during the 3rd quarter worth $100,000. Independence Bank of Kentucky bought a new stake in shares of Valero Energy during the 4th quarter worth $102,000. Parkside Financial Bank & Trust boosted its holdings in shares of Valero Energy by 211.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock worth $108,000 after buying an additional 799 shares during the period. San Francisco Sentry Investment Group CA boosted its holdings in shares of Valero Energy by 2,272.1% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock worth $112,000 after buying an additional 1,386 shares during the period. Finally, SWS Partners bought a new stake in shares of Valero Energy during the 4th quarter worth $127,000. 78.93% of the stock is owned by institutional investors and hedge funds.
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About Valero Energy
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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