Valero Energy Corporation (NYSE:VLO) – Jefferies Group increased their Q3 2017 earnings per share (EPS) estimates for Valero Energy Corporation in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Goldman now expects that the oil and gas company will earn $1.82 per share for the quarter, up from their previous forecast of $1.57. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Valero Energy Corporation’s FY2017 earnings at $4.83 EPS, Q2 2018 earnings at $1.92 EPS, Q3 2018 earnings at $1.91 EPS, Q4 2018 earnings at $2.01 EPS, FY2018 earnings at $7.41 EPS, FY2019 earnings at $6.94 EPS, FY2020 earnings at $6.79 EPS and FY2021 earnings at $6.40 EPS.

VLO has been the subject of several other research reports. Citigroup Inc. lowered their price target on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, July 17th. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. US Capital Advisors cut shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Cowen and Company lifted their price target on shares of Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Finally, J P Morgan Chase & Co cut shares of Valero Energy Corporation from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $78.00 in a research report on Friday, October 6th. One investment 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’s stock. Valero Energy Corporation has a consensus rating of “Hold” and a consensus price target of $76.39.

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Shares of Valero Energy Corporation (NYSE VLO) opened at 77.63 on Wednesday. Valero Energy Corporation has a one year low of $54.21 and a one year high of $78.64. The company has a market capitalization of $34.29 billion, a PE ratio of 19.16 and a beta of 1.22. The company’s 50-day moving average is $74.12 and its 200-day moving average is $67.93.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael S. Ciskowski sold 53,012 shares of Valero Energy Corporation stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,168 shares of company stock worth $4,015,279. Insiders own 0.45% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in Valero Energy Corporation by 2.8% in the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock valued at $2,651,044,000 after buying an additional 1,080,617 shares in the last quarter. Vanguard Group Inc. lifted its stake in Valero Energy Corporation by 2.2% in the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock valued at $2,303,979,000 after buying an additional 747,980 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Valero Energy Corporation by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after purchasing an additional 65,704 shares in the last quarter. LSV Asset Management lifted its position in shares of Valero Energy Corporation by 4.2% in the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after purchasing an additional 366,009 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Valero Energy Corporation by 1.4% in the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after purchasing an additional 102,794 shares in the last quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

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

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