Headlines about Valero Energy Corporation (NYSE:VLO) have trended somewhat positive on Thursday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Valero Energy Corporation earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the oil and gas company an impact score of 46.7249389578603 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s scoring:
- Valero Energy Corporation (NYSE:VLO) Position Decreased by Sowell Financial Services LLC (topactu.net)
- Valero Energy Corporation (VLO) Expected to Post Earnings of $1.27 Per Share (americanbankingnews.com)
- Sumitomo Mitsui Trust Holdings, Inc. Raises Its Position in Valero Energy Corporation (VLO) Stock – Modern Readers (modernreaders.com)
- Valero Energy Corporation (VLO) Investment Increased by Sumitomo Mitsui Trust Holdings, Inc. – Modern Readers (modernreaders.com)
Valero Energy Corporation (NYSE:VLO) opened at 66.93 on Thursday. Valero Energy Corporation has a 52-week low of $51.17 and a 52-week high of $71.40. The firm’s 50-day moving average price is $67.37 and its 200 day moving average price is $66.14. The firm has a market cap of $29.93 billion, a price-to-earnings ratio of 16.54 and a beta of 1.21.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data 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 return on equity of 8.58% and a net margin of 2.17%. The firm had revenue of $22.25 billion for the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the prior year, the firm posted $1.07 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts forecast that Valero Energy Corporation will post $4.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.18%. The ex-dividend date is Monday, August 7th. Valero Energy Corporation’s payout ratio is currently 69.14%.
Several equities research analysts have recently weighed in on VLO shares. Standpoint Research started coverage on Valero Energy Corporation in a research report on Friday, June 30th. They set an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the stock a “buy” rating in a research report on Monday, June 26th. Jefferies Group LLC raised Valero Energy Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $65.00 to $80.00 in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating on shares of Valero Energy Corporation in a research report on Wednesday, April 26th. Finally, ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Valero Energy Corporation presently has a consensus rating of “Buy” and an average target price of $71.59.
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 stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the sale, the director now owns 9,866 shares in the company, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.45% of the company’s stock.
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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