Valero Energy Co. (NYSE:VLO) – Equities researchers at Piper Jaffray Companies issued their Q2 2020 earnings estimates for shares of Valero Energy in a research note issued on Thursday, January 10th. Piper Jaffray Companies analyst B. Fernandez anticipates that the oil and gas company will earn $3.15 per share for the quarter. Piper Jaffray Companies has a “Overweight” rating on the stock.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.06. The business had revenue of $30.85 billion during the quarter, compared to analyst estimates of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%.
Shares of NYSE:VLO opened at $77.42 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.59 and a quick ratio of 0.99. The firm has a market capitalization of $32.79 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.23 and a beta of 1.01. Valero Energy has a 12-month low of $68.81 and a 12-month high of $126.98.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend was Monday, November 19th. Valero Energy’s dividend payout ratio (DPR) is 64.52%.
In other news, Director Randall J. Weisenburger purchased 25,000 shares of Valero Energy stock in a transaction dated Tuesday, December 11th. The stock was bought at an average price of $72.74 per share, with a total value of $1,818,500.00. Following the completion of the acquisition, the director now owns 53,717 shares in the company, valued at approximately $3,907,374.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Valero Energy in the third quarter worth about $101,000. Honkamp Krueger Financial Services Inc. acquired a new stake in Valero Energy in the third quarter worth about $135,000. IMS Capital Management acquired a new stake in Valero Energy in the third quarter worth about $139,000. Reilly Financial Advisors LLC lifted its holdings in Valero Energy by 1,164.4% in the third quarter. Reilly Financial Advisors LLC now owns 1,315 shares of the oil and gas company’s stock worth $150,000 after purchasing an additional 1,211 shares during the period. Finally, Gradient Investments LLC lifted its holdings in Valero Energy by 68.1% in the third quarter. Gradient Investments LLC now owns 1,353 shares of the oil and gas company’s stock worth $154,000 after purchasing an additional 548 shares during the period. 78.13% of the stock is owned by institutional investors.
About Valero Energy
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.
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