Valero Energy Co. (NYSE:VLO) Expected to Post Quarterly Sales of $22.34 Billion

Analysts expect Valero Energy Co. (NYSE:VLO) to report $22.34 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Valero Energy’s earnings. The lowest sales estimate is $21.50 billion and the highest is $23.18 billion. Valero Energy posted sales of $10.40 billion during the same quarter last year, which would suggest a positive year over year growth rate of 114.8%. The business is expected to report its next earnings results on Thursday, July 29th.

According to Zacks, analysts expect that Valero Energy will report full year sales of $90.61 billion for the current year, with estimates ranging from $87.70 billion to $93.52 billion. For the next financial year, analysts anticipate that the firm will report sales of $99.96 billion, with estimates ranging from $84.87 billion to $115.06 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Valero Energy.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Wednesday, April 21st. The oil and gas company reported ($1.73) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.91) by $0.18. The business had revenue of $20.81 billion during the quarter, compared to the consensus estimate of $17.42 billion. Valero Energy had a negative return on equity of 10.68% and a negative net margin of 0.43%. Valero Energy’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company earned $0.34 earnings per share.

VLO has been the subject of a number of analyst reports. Mizuho raised their price target on Valero Energy from $86.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 17th. Wells Fargo & Company raised their price target on Valero Energy from $70.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. Credit Suisse Group raised their price target on Valero Energy from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, April 12th. Raymond James upgraded Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 price target for the company in a research note on Friday, April 16th. Finally, Barclays raised their price objective on Valero Energy from $69.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, March 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Valero Energy has an average rating of “Buy” and an average price target of $84.71.

VLO stock traded up $0.01 during mid-day trading on Friday, reaching $81.94. The company had a trading volume of 2,902,406 shares, compared to its average volume of 3,833,159. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.43 and a quick ratio of 0.95. The stock’s 50 day moving average is $76.65. The company has a market capitalization of $33.49 billion, a P/E ratio of -120.48, a price-to-earnings-growth ratio of 14.67 and a beta of 2.17. Valero Energy has a 52 week low of $35.44 and a 52 week high of $84.95.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 8th. Investors of record on Monday, May 17th were issued a dividend of $0.98 per share. The ex-dividend date was Friday, May 14th. This represents a $3.92 annualized dividend and a yield of 4.78%. Valero Energy’s payout ratio is currently -125.64%.

A number of large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in Valero Energy by 3.7% during the 1st quarter. Brighton Jones LLC now owns 3,862 shares of the oil and gas company’s stock worth $277,000 after purchasing an additional 136 shares during the last quarter. First National Bank of South Miami raised its holdings in Valero Energy by 9.2% in the 1st quarter. First National Bank of South Miami now owns 1,679 shares of the oil and gas company’s stock valued at $120,000 after acquiring an additional 141 shares in the last quarter. Vicus Capital raised its holdings in Valero Energy by 2.8% in the 1st quarter. Vicus Capital now owns 5,209 shares of the oil and gas company’s stock valued at $373,000 after acquiring an additional 143 shares in the last quarter. Royal Fund Management LLC raised its holdings in Valero Energy by 3.5% in the 1st quarter. Royal Fund Management LLC now owns 4,204 shares of the oil and gas company’s stock valued at $301,000 after acquiring an additional 144 shares in the last quarter. Finally, Loomis Sayles & Co. L P raised its holdings in Valero Energy by 55.0% in the 1st quarter. Loomis Sayles & Co. L P now owns 417 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 148 shares in the last quarter. 76.53% of the stock is owned by institutional investors and hedge funds.

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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

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