Valero Energy (VLO) Issues Earnings Results

Valero Energy (NYSE:VLO) issued its quarterly earnings data on Thursday. The oil and gas company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06, MarketWatch Earnings reports. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm had revenue of $30.85 billion for the quarter, compared to analyst estimates of $31.82 billion.

Shares of NYSE:VLO traded down $0.54 during trading on Friday, reaching $86.84. The company had a trading volume of 350,053 shares, compared to its average volume of 3,373,364. The firm has a market cap of $39.68 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.78 and a beta of 1.03. Valero Energy has a twelve month low of $75.84 and a twelve month high of $126.98. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.

A number of brokerages have commented on VLO. Wells Fargo & Co cut their price objective on shares of Valero Energy from $141.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday. Raymond James cut their target price on shares of Valero Energy from $141.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. JPMorgan Chase & Co. upped their target price on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Citigroup cut their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. Valero Energy currently has an average rating of “Hold” and an average target price of $117.29.

In other news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $116.76, for a total value of $116,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Earnings History for Valero Energy (NYSE:VLO)

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