Economy

Analyst Earnings Estimates Scan: Valero Energy Corporation (VLO)

The oil and gas company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.08 by $0.15. The most recent short interest data show 4.03% of the company's stock are short sold. Institutional investors own 78.06% of the company's stock.

The stock decreased 0.51% or GBX 0.75 on September 22, reaching GBX 147.25. About 94,246 shares traded. It has underperformed by 16.70% the S&P500. Finally, Advantage Investment Management LLC acquired a new stake in shares of Valero Energy during the fourth quarter worth approximately $167,000. The firm has a market capitalization of $32.81 billion, a P/E ratio of 18.34 and a beta of 1.19. The company had a trading volume of 3,263,922 shares. Valero Energy has a 1-year low of $46.88 and a 1-year high of $71.40. The stock increased 0.25% or $0.18 during the last trading session, reaching $73.36.

As regular trading ended, Valero Energy Corporation (VLO) stock brought in a $0.18 rise to $73.36. It has underperformed by 1.41% the S&P500.

According to Zacks brokerage recommendations, Valero Energy Corporation (NYSE:VLO)'s Buy count is 2 and Strong Buy is 7 while the number of analysts recommending Sell and Strong Sell are 0 and 5, respectively. Therefore 67% are positive. Valero Energy Corporation had 47 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies upgraded the stock to "Buy" rating in Thursday, June 22 report. They issued an "accumulate" rating and a $84.00 target price for the company.

Let's take an assessment at how Valero Energy Corporation (VLO) has been performing. The firm has "Hold" rating by Jefferies given on Thursday, January 12.

A number of large investors have recently made changes to their positions in VLO. The rating was maintained by Citigroup on Wednesday, October 19 with "Buy". The company was maintained on Friday, February 3 by Mizuho. JP Morgan maintained the stock with "Overweight" rating in Monday, August 1 report. Cowen & Co has "Buy" rating and $7000 target. On Thursday, September 17 the stock rating was downgraded by Zacks to "Sell".

Since May 5, 2017, it had 0 insider buys, and 1 sale for $2.05 million activity. Independent Portfolio Consultants Inc. boosted its stake in shares of Valero Energy Corporation by 62.2% during the second quarter.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Bizjournals.com which released: "Valero board sets new rules for special stockholder meetings" on September 21, 2017, also Bizjournals.com with their article: "Valero CEO Joe Gorder: We're aggressively pursuing Mexican fuels market" published on September 15, 2017, Bizjournals.com published: "Valero keeps Houston-area refineries in operation as Harvey moves" on August 28, 2017. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since September 22, 2016 and is uptrending. Analysts anticipate that Valero Energy Corporation will post $4.36 EPS for the current fiscal year. When we divide the current volume by the three-month average volume, we get a relative volume of 6.33. VLO's profit will be $693.40M for 11.68 P/E if the $1.57 EPS becomes a reality.

Investors sentiment increased to 1.19 in 2017 Q2. Boston Advisors Limited Liability Co stated it has 0.52% of its portfolio in Valero Energy Corporation (NYSE:VLO). Retirement Of Alabama has 216,842 shares.

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. Pension has 414,133 shares. Finally, BidaskClub upgraded shares of Valero Energy Corporation from a "hold" rating to a "buy" rating in a report on Wednesday, July 12th.

Analysts await VF Corp (NYSE:VFC) to report earnings on October, 23 before the open. A month ago, they told us to expect earnings of US$0.74 per share while three months ago their EPS consensus estimate was US$0.88. The Pillar Pacific Capital Management Llc holds 61,438 shares with $4.15M value, up from 55,508 last quarter.

Among 27 analysts covering V.F. Corp (NYSE:VFC), 10 have Buy rating, 1 Sell and 16 Hold. Therefore 65% are positive. Barclays Capital maintained the shares of LRD in report on Tuesday, May 3 with "Equal Weight" rating. As per Tuesday, May 30, the company rating was downgraded by Morgan Stanley. The rating was maintained by Topeka Capital Markets on Friday, February 12 with "Buy". The firm earned "Hold" rating on Thursday, July 20 by Piper Jaffray. The stock has "Neutral" rating by Susquehanna on Friday, September 16.



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