Somewhat Positive News Coverage Somewhat Unlikely to Affect Valero Energy Corporation (VLO) Share Price
Media headlines about Valero Energy Corporation (NYSE:VLO) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Valero Energy Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.6390852759482 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Valero Energy And The RFS Problem (seekingalpha.com)
- Technical Levels in Review For Valero Energy Corp (VLO) – Berry Recorder (berryrecorder.com)
- Strs Ohio Has $18.05 Million Position in Valero Energy Corporation (VLO) (topactu.net)
- Valero Energy Corporation (NYSE:VLO) Lowered to Hold at BidaskClub (fishinghd.com)
- Valero Energy Corporation (VLO) Investment Down in Latest Report from Investec Asset Management Ltd – First News 24 (firstnewspaper24.com)
Several research firms have recently weighed in on VLO. BidaskClub lowered shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. Citigroup Inc. dropped their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a report on Monday, July 17th. Standpoint Research assumed coverage on shares of Valero Energy Corporation in a report on Friday, June 30th. They issued an “accumulate” rating and a $84.00 price target for the company. Finally, Royal Bank Of Canada raised their price target on shares of Valero Energy Corporation from $77.00 to $78.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. Valero Energy Corporation currently has a consensus rating of “Buy” and a consensus price target of $71.59.
Valero Energy Corporation (VLO) traded up 0.54% during mid-day trading on Tuesday, reaching $67.15. 4,079,274 shares of the company’s stock were exchanged. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40. The firm has a market cap of $29.66 billion, a price-to-earnings ratio of 16.58 and a beta of 1.21. The stock has a 50-day moving average of $67.61 and a 200-day moving average of $66.13.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Valero Energy Corporation will post $4.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the completion of the transaction, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.45% of the company’s stock.
About Valero Energy Corporation
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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