Valero Energy Corporation (VLO) Getting Positive Media Coverage, Report Shows
Media coverage about Valero Energy Corporation (NYSE:VLO) has trended positive on Sunday, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Valero Energy Corporation earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 46.2910955523171 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- Valero Energy Corporation (VLO) Stock Rating Reaffirmed by Cowen and Company (americanbankingnews.com)
- Valero Energy Corporation (NYSE: VLO) – Is Stock’s Performance Impressive? – Alpha Beta Stock (alphabetastock.com)
- Valero Energy Corporation Declares Regular Cash Dividend on Common Stock – GlobeNewswire (press release) (globenewswire.com)
- Valero Energy Corporation Declares Regular Cash Dividend on Common Stock (finance.yahoo.com)
- Valero Energy Corporation (VLO) Plans Quarterly Dividend of $0.70 (americanbankingnews.com)
Several research analysts have recently weighed in on the company. US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Evercore ISI upgraded Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a report on Thursday. BidaskClub cut Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Cowen and Company boosted their target price on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, September 28th. Finally, UBS AG restated a “neutral” rating and set a $80.00 target price (up from $69.00) on shares of Valero Energy Corporation in a report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the company. Valero Energy Corporation presently has an average rating of “Hold” and a consensus target price of $77.19.
Shares of Valero Energy Corporation (NYSE VLO) opened at $80.88 on Friday. The company has a quick ratio of 1.31, a current ratio of 2.05 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $35,721.70, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.17.
Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. analysts predict that Valero Energy Corporation will post 4.77 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.46%. Valero Energy Corporation’s payout ratio is currently 60.48%.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 56,768 shares of company stock valued at $4,141,471. Insiders own 0.45% of the company’s stock.
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Valero Energy Corporation Company Profile
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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