News headlines about Valero Energy (NYSE:VLO) have been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Valero Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.2881095950439 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s rankings:
- $1.31 Earnings Per Share Expected for Valero Energy Co. (VLO) This Quarter (americanbankingnews.com)
- Valero Energy Co. (VLO) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Refinery Workers Press Lawmakers to Ease Biofuel Quota Costs (finance.yahoo.com)
- Credit Suisse Group Reiterates “Neutral” Rating for Valero Energy (VLO) (americanbankingnews.com)
- Why Valero’s Valuations Switched from Discount to Premium (finance.yahoo.com)
Valero Energy (NYSE:VLO) traded up $1.01 on Friday, hitting $94.32. The stock had a trading volume of 3,017,618 shares, compared to its average volume of 3,760,000. Valero Energy has a 12 month low of $60.69 and a 12 month high of $99.95. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $41,270.00, a P/E ratio of 18.98, a P/E/G ratio of 1.13 and a beta of 1.00.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Tuesday, February 13th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, February 12th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.39%. This is an increase from Valero Energy’s previous quarterly dividend of $0.70. Valero Energy’s dividend payout ratio (DPR) is currently 64.39%.
Valero Energy announced that its board has authorized a share buyback program on Tuesday, January 23rd that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Several equities analysts recently weighed in on the stock. Scotiabank reissued a “buy” rating and issued a $84.00 target price on shares of Valero Energy in a research note on Tuesday, November 14th. Barclays raised their target price on shares of Valero Energy from $86.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. UBS Group raised their target price on shares of Valero Energy from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday, November 15th. Standpoint Research cut shares of Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a research note on Thursday, November 16th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $78.00 target price on shares of Valero Energy in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $90.76.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of Valero Energy stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now owns 57,589 shares of the company’s stock, valued at $5,120,237.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The disclosure for this sale can be found here. Insiders have sold 298,187 shares of company stock valued at $27,611,828 in the last three months. Insiders own 0.45% of the company’s stock.
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Valero Energy 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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