Somewhat Positive Media Coverage Somewhat Unlikely to Affect Valero Energy (VLO) Stock Price

News articles about Valero Energy (NYSE:VLO) have trended somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Valero Energy earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.0290724758573 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

A number of research firms have recently issued reports on VLO. Scotiabank restated a “sector perform” rating on shares of Valero Energy in a research report on Thursday. Scotia Howard Weill restated a “sector perform” rating on shares of Valero Energy in a research report on Wednesday. Howard Weil lowered Valero Energy from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday. JPMorgan Chase dropped their price target on Valero Energy from $105.00 to $104.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Deutsche Bank dropped their price target on Valero Energy from $98.00 to $95.00 and set a “hold” rating for the company in a research report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $93.59.



VLO traded up $0.22 during trading hours on Thursday, reaching $100.53. The company’s stock had a trading volume of 3,235,349 shares, compared to its average volume of 3,428,159. Valero Energy has a fifty-two week low of $60.69 and a fifty-two week high of $101.28. The stock has a market capitalization of $42,836.77, a PE ratio of 20.27, a P/E/G ratio of 1.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, February 1st. The oil and gas company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.08. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. The firm had revenue of $26.39 billion for the quarter, compared to analysts’ expectations of $23.02 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The firm’s quarterly revenue was up 27.4% on a year-over-year basis. equities research analysts forecast that Valero Energy will post 7.03 earnings per share for the current fiscal year.

Valero Energy declared that its board has approved a share repurchase plan on Tuesday, January 23rd that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

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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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