Equities research analysts expect that Valero Energy Co. (NYSE:VLO) will announce sales of $30.82 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Valero Energy’s earnings, with estimates ranging from $25.84 billion to $35.45 billion. Valero Energy reported sales of $26.39 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 16.8%. The company is expected to issue its next earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Valero Energy will report full-year sales of $118.21 billion for the current fiscal year, with estimates ranging from $112.55 billion to $127.21 billion. For the next year, analysts forecast that the firm will report sales of $139.00 billion, with estimates ranging from $126.34 billion to $152.89 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Valero Energy.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.95 by $0.06. Valero Energy had a return on equity of 11.91% and a net margin of 3.96%. The firm had revenue of $30.85 billion for the quarter, compared to analysts’ expectations of $31.82 billion.

Several brokerages have issued reports on VLO. ValuEngine lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Morgan Stanley boosted their price target on Valero Energy from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Tuesday, July 31st. Mizuho initiated coverage on Valero Energy in a report on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Citigroup boosted their price target on Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a report on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and an average target price of $117.29.

In other news, Director Stephen M. Waters sold 1,000 shares of the company’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.45% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in shares of Valero Energy during the third quarter valued at $101,000. Kiley Juergens Wealth Management LLC purchased a new stake in Valero Energy in the second quarter valued at $117,000. Kaizen Advisory LLC boosted its holdings in Valero Energy by 156.8% in the second quarter. Kaizen Advisory LLC now owns 1,063 shares of the oil and gas company’s stock valued at $118,000 after purchasing an additional 649 shares during the last quarter. Stelac Advisory Services LLC purchased a new stake in Valero Energy in the second quarter valued at $125,000. Finally, Reilly Financial Advisors LLC boosted 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 valued at $150,000 after purchasing an additional 1,211 shares during the last quarter. 78.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of VLO stock traded down $1.59 during trading hours on Tuesday, hitting $85.79. The stock had a trading volume of 6,921,383 shares, compared to its average volume of 3,952,602. Valero Energy has a one year low of $75.95 and a one year high of $126.98. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $36.67 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03.

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

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