When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Valero Energy (VLO) .Valero Energy currently has an average brokerage recommendation (ABR) of 1 ...

Valero Energy TodayVLOValero Energy$157.45 -1.67 (-1.05%) 52-Week Range$119.88▼$184.79Dividend Yield2.72%P/E Ratio7.80Price Target$172.07Add to WatchlistOil refiner and renewable fuels producer Valero Energy Co. NYSE: VLO plays an essential role in the transportation industry. Its core business of petroleum refining enables gas-powered automobiles, trucks, ships, and planes to operate as they convert crude oil into refined petroleum products like gasoline, diesel, and jet fuel. The company has also evolved ...

Sundry Photography Introduction It's time to talk about a fascinating dividend (growth) stock, one of the most cyclical companies on my radar. That company is the Valero Energy Corporation (NYSE:VLO). Initially, I started buying Valero during the pandemic when I thought I got it very cheap. However, before the vaccine news brought hope to the market, I saw my position drop roughly 50%. Since then, shares have taken off, allowing VLO to return more than 380% over the past ten years, outperforming the S&P ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission File Number 001-13175 VALERO ENERGY CORPORATION (Exact name of registrant as specified in its charter) Delaware 7 ...

Financial Data and Key Metrics Changes - For Q2 2024, net income attributable to Valero stockholders was $880 million or $2.71 per share, down from $1.9 billion or $5.40 per share in Q2 2023 [9] - The Refining segment reported operating income of $1.2 billion for Q2 2024, compared to $2.4 billion in Q2 2023 [9] - Refining throughput volumes averaged 3 million barrels per day in Q2 2024, with a throughput capacity utilization of 94% [9] - Refining cash operating expenses were $4.45 per barrel in Q2 2024 [11] Business Line Data and Key Metrics Changes - Renewable Diesel segment operating income was $112 million in Q2 2024, down from $440 million in Q2 2023, with sales volumes averaging 3.5 million gallons per day, a decrease of 908,000 gallons per day year-over-year [10] - The Ethanol segment reported operating income of $105 million for Q2 2024, compared to $127 million in Q2 2023, with production volumes averaging 4.5 million gallons per day, an increase of 31,000 gallons per day year-over-year [10] Market Data and Key Metrics Changes - Gasoline sales in the U.S. were flat year-over-year, while diesel sales showed a 10% increase in Valero's system, although overall diesel demand in the U.S. declined by about 100,000 barrels per day [19][20] - The North Atlantic Basin experienced slowing economic activity, negatively impacting diesel demand, while increased refinery runs in the Middle East contributed to inventory restocking in Europe [22][23] Company Strategy and Development Direction - Valero's growth projects are on schedule, with the Diamond Green Diesel sustainable aviation fuel project expected to be operational in Q4 2024 [7] - The company is focused on short-cycle, high-return optimization projects around existing refining assets and maintaining a commitment to shareholder returns, with a year-to-date payout of 80% [8] Management's Comments on Operating Environment and Future Outlook - Management noted that the U.S. economy remains resilient, with gasoline demand flat year-over-year and a slight decline in diesel demand [19] - The company expects refining throughput volumes to decrease in Q3 due to planned maintenance activities, but anticipates a tightening of supply-demand balances in the near term [15][25] Other Important Information - Valero returned $1.4 billion to stockholders in Q2 2024, with a payout ratio of 87% for the quarter and 80% year-to-date [12] - The company ended the quarter with $8.4 billion in total debt and $5.2 billion in cash and cash equivalents, maintaining a debt-to-capitalization ratio of 16% [13][14] Q&A Session Summary Question: What are your views on supply and demand in the refining market? - Management indicated that the U.S. economy is resilient, with gasoline demand flat year-over-year and a slight decline in diesel demand, while diesel sales in Valero's system increased by 10% [19][20] Question: How do you view capital returns and buyback cadence going forward? - Management stated that they have not needed to lean into the balance sheet for shareholder returns, maintaining a strong cash flow position to support buybacks and dividends [28] Question: What is the impact of TMX on the West Coast market? - Management noted that the West Coast market took time to respond to TMX, with crude costs adjusting but the full impact expected to be seen in Q3 [62] Question: Can you provide an update on Mexico volumes and terminal openings? - Management reported a slight decrease in volumes to Mexico but anticipates growth with the opening of a new terminal in Altamira before the end of the year [65] Question: What is the outlook for ethanol margins and the Summit carbon capture project? - Management expressed optimism about ethanol margins due to low corn prices and indicated that the Summit project is not directly managed by them, but they support carbon sequestration strategies [83][84]

Valero Energy Corporation (VLO) reported second-quarter 2024 adjusted earnings of $2.71 per share, which beat the Zacks Consensus Estimate of $2.61. However, the bottom line declined from $5.40 reported in the year-ago quarter.Total quarterly revenues decreased from $34,509 million in the prior-year quarter to $34,490 million. The top line, however, beat the Zacks Consensus Estimate of $34,370 million.The better-than-expected quarterly results were primarily driven by an increase in refining throughput volu ...

Valero Energy (VLO) came out with quarterly earnings of $2.71 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $5.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.83%. A quarter ago, it was expected that this oil refiner would post earnings of $3.18 per share when it actually produced earnings of $3.82, delivering a surprise of 20.13%.Over the last four quarters, the company ...

Exhibit 99.01 Valero Energy Reports Second Quarter 2024 Results • Reported net income attributable to Valero stockholders of $880 million, or $2.71 per share • Declared a regular quarterly cash dividend on common stock of $1.07 per share on July 18 • Returned $1.4 billion to stockholders through dividends and stock buybacks SAN ANTONIO, July 25, 2024 – Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $880 million, or $2.71 per share, for the se ...

Valero Energy Corporation (VLO) is set to report second-quarter 2024 results on Jul 25, before the opening bell.In the last reported quarter, Valero Energy’s adjusted earnings of $3.82 per share beat the Zacks Consensus Estimate of $3.18 due to a decline in total cost of sales. Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.14%. This is depicted in the graph below: Estimate TrendThe Zacks Consensus Estimate for second-quarter earni ...

Valero Energy (VLO) ended the recent trading session at $147.78, demonstrating a -1.51% swing from the preceding day's closing price. This change lagged the S&P 500's 0.78% loss on the day. On the other hand, the Dow registered a loss of 1.29%, and the technology-centric Nasdaq decreased by 0.7%.Heading into today, shares of the oil refiner had gained 0.07% over the past month, outpacing the Oils-Energy sector's loss of 7.83% and lagging the S&P 500's gain of 2.14% in that time.Analysts and investors alike ...