Equities analysts predict that Valero Energy Co. (NYSE:VLO) will post $25.64 billion in sales for the current quarter, Zacks reports. Three analysts have made estimates for Valero Energy’s earnings, with the lowest sales estimate coming in at $23.83 billion and the highest estimate coming in at $27.42 billion. Valero Energy reported sales of $24.26 billion in the same quarter last year, which would suggest a positive year over year growth rate of 5.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, April 23rd.

According to Zacks, analysts expect that Valero Energy will report full-year sales of $117.35 billion for the current financial year, with estimates ranging from $110.14 billion to $127.24 billion. For the next financial year, analysts forecast that the firm will post sales of $116.38 billion, with estimates ranging from $101.67 billion to $125.25 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Valero Energy.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.62 by $0.51. The firm had revenue of $27.88 billion for the quarter, compared to analyst estimates of $26.39 billion. Valero Energy had a return on equity of 10.36% and a net margin of 2.24%. The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.19 earnings per share.

Several brokerages have issued reports on VLO. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 1st. Barclays began coverage on Valero Energy in a research note on Tuesday, January 14th. They issued an “overweight” rating and a $116.00 target price on the stock. Argus restated a “buy” rating on shares of Valero Energy in a research note on Friday, February 7th. Royal Bank of Canada restated a “buy” rating and issued a $102.00 target price on shares of Valero Energy in a research note on Monday, February 3rd. Finally, Wells Fargo & Co boosted their price objective on Valero Energy from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $105.57.

In related news, CEO Joseph W. Gorder sold 21,400 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $95.57, for a total transaction of $2,045,198.00. Following the sale, the chief executive officer now directly owns 424,917 shares in the company, valued at approximately $40,609,317.69. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mechanics Bank Trust Department bought a new position in Valero Energy in the 3rd quarter worth about $31,000. Allworth Financial LP boosted its holdings in shares of Valero Energy by 70.4% in the 4th quarter. Allworth Financial LP now owns 334 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 138 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Valero Energy in the 3rd quarter worth about $33,000. Sugarloaf Wealth Management LLC purchased a new position in shares of Valero Energy in the 4th quarter worth about $33,000. Finally, Executive Wealth Management LLC boosted its holdings in shares of Valero Energy by 102.5% in the 3rd quarter. Executive Wealth Management LLC now owns 399 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds own 76.60% of the company’s stock.

Shares of VLO traded down $4.80 during mid-day trading on Monday, hitting $78.10. The stock had a trading volume of 3,867,461 shares, compared to its average volume of 3,216,010. The firm has a market cap of $34.04 billion, a P/E ratio of 13.30, a PEG ratio of 1.14 and a beta of 1.54. The business has a fifty day moving average price of $87.57 and a 200-day moving average price of $88.57. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 0.88. Valero Energy has a 52 week low of $69.44 and a 52 week high of $101.99.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.02%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Tuesday, February 11th. Valero Energy’s payout ratio is presently 68.77%.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

Further Reading: Cash Flow

Get a free copy of the Zacks research report on Valero Energy (VLO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.