Valero Energy Corporation (NYSE:VLO) – Research analysts at Jefferies Group cut their Q4 2017 earnings per share estimates for shares of Valero Energy Corporation in a research note issued on Monday. Jefferies Group analyst C. Goldman now expects that the oil and gas company will post earnings per share of $1.10 for the quarter, down from their prior estimate of $1.15. Jefferies Group currently has a “Hold” rating on the stock.

Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the 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%. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. TRADEMARK VIOLATION WARNING: This piece of content was first published by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/10/19/q4-2017-earnings-estimate-for-valero-energy-corporation-issued-by-jefferies-group-vlo.html.

Several other analysts also recently commented on the company. Citigroup Inc. raised their target price on Valero Energy Corporation from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research downgraded Valero Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company restated an “outperform” rating and issued a $87.00 target price (up from $74.00) on shares of Valero Energy Corporation in a research note on Tuesday. Barclays PLC restated an “overweight” rating and issued a $86.00 target price (up from $85.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 10th. Finally, J P Morgan Chase & Co downgraded Valero Energy Corporation from an “overweight” rating to a “neutral” rating and raised their target price for the company from $75.00 to $78.00 in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $76.39.

Valero Energy Corporation (NYSE:VLO) traded up 0.10% on Thursday, hitting $77.70. The stock had a trading volume of 547,920 shares. Valero Energy Corporation has a 52 week low of $54.21 and a 52 week high of $78.64. The stock has a market capitalization of $34.32 billion, a price-to-earnings ratio of 19.18 and a beta of 1.22. The company has a 50-day moving average price of $73.86 and a 200-day moving average price of $67.86.

In other news, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction that occurred 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 filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was 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 in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. Insiders sold a total of 55,168 shares of company stock worth $4,015,279 in the last 90 days. Company insiders own 0.45% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. First National Bank of Mount Dora Trust Investment Services raised its holdings in shares of Valero Energy Corporation by 44.3% in the 3rd quarter. First National Bank of Mount Dora Trust Investment Services now owns 46,490 shares of the oil and gas company’s stock worth $3,576,000 after purchasing an additional 14,280 shares during the period. Fulton Bank N.A. raised its holdings in shares of Valero Energy Corporation by 6.1% in the 3rd quarter. Fulton Bank N.A. now owns 16,356 shares of the oil and gas company’s stock worth $1,258,000 after purchasing an additional 938 shares during the period. Eqis Capital Management Inc. raised its holdings in shares of Valero Energy Corporation by 29.0% in the 3rd quarter. Eqis Capital Management Inc. now owns 32,852 shares of the oil and gas company’s stock worth $2,527,000 after purchasing an additional 7,392 shares during the period. Perpetual Ltd raised its holdings in shares of Valero Energy Corporation by 19.3% in the 2nd quarter. Perpetual Ltd now owns 8,027 shares of the oil and gas company’s stock worth $542,000 after purchasing an additional 1,300 shares during the period. Finally, Level Four Advisory Services LLC raised its holdings in shares of Valero Energy Corporation by 385.3% in the 2nd quarter. Level Four Advisory Services LLC now owns 37,523 shares of the oil and gas company’s stock worth $781,000 after purchasing an additional 29,791 shares during the period. Hedge funds and other institutional investors own 80.63% 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.

Earnings History and Estimates for Valero Energy Corporation (NYSE:VLO)

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