News headlines about Valero Energy Corporation (NYSE:VLO) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. 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 0.18 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 47.7549712455638 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
- EPA says benzene leak at Valero’s Houston refinery was underestimated – Houston Business Journal (bizjournals.com)
- Noteworthy Friday Option Activity: VHC, VLO, AGN – Nasdaq (nasdaq.com)
- Valero CEO Joe Gorder: We’re aggressively pursuing Mexican fuels market – San Antonio Business Journal (bizjournals.com)
- Magellan Midstream Partners, L.P. Teams Up to Deliver Higher-Octane Returns (finance.yahoo.com)
- Valero Energy Corporation to Announce Third Quarter 2017 Earnings Results on October 26, 2017 (finance.yahoo.com)
Shares of Valero Energy Corporation (NYSE:VLO) traded up 1.70% during midday trading on Friday, hitting $71.13. 6,859,864 shares of the stock traded hands. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.51. The company’s 50 day moving average price is $67.83 and its 200-day moving average price is $66.36. The stock has a market cap of $31.42 billion, a price-to-earnings ratio of 17.56 and a beta of 1.19.
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 consensus estimate of $1.08 by $0.15. The firm had revenue of $22.25 billion for 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 company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS. On average, equities research analysts expect that Valero Energy Corporation will post $4.29 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 annualized dividend and a yield of 3.94%. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.
A number of research firms recently issued reports on VLO. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 price target on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Standpoint Research began coverage on shares of Valero Energy Corporation in a research note on Friday, June 30th. They set an “accumulate” rating and a $84.00 price target on the stock. Scotiabank set a $70.00 price target on shares of Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub downgraded shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Valero Energy Corporation currently has an average rating of “Buy” and an average target price of $72.56.
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In related news, Director Susan Kaufman Purcell sold 5,151 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $64.68, for a total value of $333,166.68. Following the sale, the director now directly owns 9,866 shares in the company, valued at approximately $638,132.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen M. Waters sold 1,500 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.
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.
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