Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Valero Energy (VLO) Share Price
News coverage about Valero Energy (NYSE:VLO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valero Energy earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.1667777718385 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Institutional Ownership And Insider Trading At Valero Energy Corporation (VLO) (nismagazine.com)
- Venezuela’s crude sales to the U.S. fell below 600,000 bpd in 2017 (finance.yahoo.com)
- Refiners’ Valuations for MPC, ANDV, VLO, and PSX (finance.yahoo.com)
- Valero Energy (VLO) & BP (BP) Head-To-Head Survey (americanbankingnews.com)
- Valero Energy Corporation Will Attend The Credit Suisse Energy Summit (nasdaq.com)
Valero Energy (VLO) traded up $2.20 during midday trading on Friday, hitting $96.75. The stock had a trading volume of 2,873,350 shares, compared to its average volume of 3,160,000. Valero Energy has a fifty-two week low of $60.69 and a fifty-two week high of $97.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91. The stock has a market cap of $42,730.00, a price-to-earnings ratio of 20.99, a PEG ratio of 1.57 and a beta of 1.20.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. During the same quarter in the previous year, the firm earned $1.24 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. equities research analysts expect that Valero Energy will post 4.97 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Macquarie reaffirmed a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. Jefferies Group cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. Deutsche Bank reaffirmed a “hold” rating and set a $73.00 target price (up previously from $65.00) on shares of Valero Energy in a research note on Wednesday, September 20th. Cowen reaffirmed a “buy” rating and set a $90.00 target price on shares of Valero Energy in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised shares of 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, October 23rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Valero Energy has an average rating of “Hold” and a consensus price target of $81.41.
In other news, CFO Michael S. Ciskowski sold 251,530 shares of Valero Energy stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the transaction, the chief financial officer now owns 309,119 shares in the company, valued at approximately $28,837,711.51. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. Waters sold 1,600 shares of Valero Energy stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 301,287 shares of company stock worth $27,860,150. Insiders own 0.45% of the company’s stock.
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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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