Valero Energy Corporation (VLO) Receives News Impact Rating of 0.14
Media stories about Valero Energy Corporation (NYSE:VLO) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, 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 gave media coverage about the oil and gas company an impact score of 45.862343079183 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Michael S. Ciskowski Sells 53,012 Shares of Valero Energy Corporation (VLO) Stock (americanbankingnews.com)
- Better Buy: Calumet Specialty Products Partners LP vs. Valero Energy (fool.com)
- Valero Energy Corporation (VLO) Receives “Hold” Rating from Deutsche Bank AG (americanbankingnews.com)
- Valero Says Response Teams Are on Scene at Port Arthur Refinery Fire – Fox Business (foxbusiness.com)
- Valero Energy Corporation (VLO) noted a price change of 1.50% and PPG Industries, Inc. (PPG) closes with a move of … – Stocks Gallery (stocksgallery.com)
Shares of Valero Energy Corporation (NYSE VLO) opened at 75.12 on Tuesday. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 18.54 and a beta of 1.19. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $75.26. The stock’s 50 day moving average price is $68.09 and its 200 day moving average price is $66.42.
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 for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. Equities research analysts expect that Valero Energy Corporation will post $4.36 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 3.73%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is presently 69.14%.
VLO has been the topic of a number of research analyst reports. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. ValuEngine upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. BidaskClub upgraded Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Credit Suisse Group restated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Finally, Jefferies Group LLC upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and increased their price target for the company from $65.00 to $80.00 in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $73.09.
In other news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.
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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