Brokerages Anticipate Valero Energy Co. (NYSE:VLO) Will Announce Quarterly Sales of $21.84 Billion


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Wall Street analysts expect that Valero Energy Co. (NYSE:VLO) will report $21.84 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Valero Energy’s earnings, with estimates ranging from $20.51 billion to $23.18 billion. Valero Energy reported sales of $10.40 billion during the same quarter last year, which indicates a positive year over year growth rate of 110%. The company is scheduled to report its next earnings results on Thursday, July 29th.

On average, analysts expect that Valero Energy will report full-year sales of $89.69 billion for the current year, with estimates ranging from $85.85 billion to $93.52 billion. For the next financial year, analysts expect that the business will report sales of $99.98 billion, with estimates ranging from $84.90 billion to $115.06 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Valero Energy.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Wednesday, April 21st. The oil and gas company reported ($1.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.91) by $0.18. The company had revenue of $20.81 billion for the quarter, compared to analyst estimates of $17.42 billion. Valero Energy’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS.

A number of equities analysts have issued reports on the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Valero Energy from $95.00 to $121.00 and gave the company a “buy” rating in a research note on Monday. UBS Group began coverage on Valero Energy in a research note on Tuesday, January 26th. They set a “neutral” rating and a $66.00 price target for the company. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Monday, April 5th. Mizuho boosted their target price on Valero Energy from $50.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, February 26th. Finally, Raymond James upgraded Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 target price on the stock in a research note on Thursday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Valero Energy presently has a consensus rating of “Buy” and a consensus target price of $82.94.

Hedge funds have recently modified their holdings of the business. Stratos Wealth Advisors LLC raised its holdings in Valero Energy by 4.9% during the 4th quarter. Stratos Wealth Advisors LLC now owns 51,617 shares of the oil and gas company’s stock valued at $2,920,000 after acquiring an additional 2,429 shares during the period. Meritage Portfolio Management bought a new stake in Valero Energy during the 4th quarter valued at $2,038,000. IBM Retirement Fund raised its holdings in Valero Energy by 4.1% during the 4th quarter. IBM Retirement Fund now owns 15,104 shares of the oil and gas company’s stock valued at $854,000 after acquiring an additional 588 shares during the period. Consolidated Investment Group LLC raised its holdings in Valero Energy by 164.7% during the 4th quarter. Consolidated Investment Group LLC now owns 22,500 shares of the oil and gas company’s stock valued at $1,272,000 after acquiring an additional 14,000 shares during the period. Finally, Wealth Advisory Solutions LLC raised its holdings in Valero Energy by 170.1% during the 3rd quarter. Wealth Advisory Solutions LLC now owns 109,963 shares of the oil and gas company’s stock valued at $4,763,000 after acquiring an additional 69,258 shares during the period. 74.57% of the stock is currently owned by institutional investors and hedge funds.

VLO stock traded up $0.01 during mid-day trading on Thursday, reaching $78.16. 3,801,314 shares of the company traded hands, compared to its average volume of 3,935,836. The stock has a market cap of $31.93 billion, a price-to-earnings ratio of -2,604.13, a P/E/G ratio of 84.85 and a beta of 2.14. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.73. Valero Energy has a fifty-two week low of $35.44 and a fifty-two week high of $84.39. The firm’s 50 day moving average price is $73.06 and its 200 day moving average price is $61.55.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 8th. Investors of record on Monday, May 17th will be issued a $0.98 dividend. The ex-dividend date is Friday, May 14th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.02%. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.

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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