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Valero Energy Corporation: A Stalling Bullish Trend
Seeking Alpha· 2024-09-03 18:36
RunPhoto Hide Sector Industry Employee 210 345 2000 Founded Valero Energy Corporation (NYSE:VLO) refines petroleum into oil products, including gasoline and distillate fuels. The company also refines agricultural products into ethanol and biofuel. VLO's company profile states: Company Profile A Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and rolero Energy Oroducts in the United States, Canada, the United Kingdom, Ireland, Latin Americ ...
Brokers Suggest Investing in Valero Energy (VLO): Read This Before Placing a Bet
ZACKS· 2024-08-08 14:31
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 ...
Leading Oil Refiner's Stock Climbs Despite Market Volatility
MarketBeat· 2024-07-30 11:01
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 ...
The Refining Giant: Valero's Impressive Shareholder Payback
Seeking Alpha· 2024-07-29 11:50
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 ...
Valero(VLO) - 2024 Q2 - Quarterly Report
2024-07-25 21:02
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 ...
Valero(VLO) - 2024 Q2 - Earnings Call Transcript
2024-07-25 17:14
Valero Energy Corporation (NYSE:VLO) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Homer Bhullar - Vice President, Investor Relations and Finance Lane Riggs - Chief Executive Officer and President Gary Simmons - Executive Vice President and Chief Operating Officer Greg Bram - Vice President, Refining Services Jason Fraser - Executive Vice President and Chief Financial Office Eric Fisher - Senior Vice President Product Supply, Trading & Wholesale Richard Walsh - VP & Deputy ...
Valero (VLO) Q2 Earnings & Revenues Beat on Estimates, Fall Y/Y
ZACKS· 2024-07-25 14:50
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) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-07-25 12:41
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 ...
Valero(VLO) - 2024 Q2 - Quarterly Results
2024-07-25 12:16
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 ...
What's in Store for Valero Energy (VLO) in Q2 Earnings?
ZACKS· 2024-07-22 15:00
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 ...