Equities analysts predict that Valero Energy Co. (NYSE:VLO) will post sales of $29.81 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Valero Energy’s earnings, with the highest sales estimate coming in at $34.31 billion and the lowest estimate coming in at $25.20 billion. Valero Energy posted sales of $23.56 billion during the same quarter last year, which would indicate a positive year over year growth rate of 26.5%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, October 25th.

On average, analysts expect that Valero Energy will report full year sales of $114.17 billion for the current financial year, with estimates ranging from $107.06 billion to $127.21 billion. For the next fiscal year, analysts expect that the business will report sales of $129.69 billion, with estimates ranging from $109.49 billion to $148.87 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Valero Energy.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.17. The company had revenue of $31.02 billion during the quarter, compared to analyst estimates of $26.56 billion. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The firm’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS.

Several research firms recently issued reports on VLO. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Morgan Stanley increased their target price on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Tuesday, July 31st. Mizuho initiated coverage on shares of Valero Energy in a report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on shares of Valero Energy from $128.00 to $132.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Citigroup increased their price objective on shares of Valero Energy from $125.00 to $134.00 and gave the company a “buy” rating in a report on Friday, September 7th. Fourteen investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $116.29.

In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Pinnacle Financial Partners Inc. grew its holdings in shares of Valero Energy by 0.7% in the second quarter. Pinnacle Financial Partners Inc. now owns 59,162 shares of the oil and gas company’s stock valued at $6,557,000 after purchasing an additional 434 shares in the last quarter. Mariner LLC grew its holdings in shares of Valero Energy by 0.9% in the first quarter. Mariner LLC now owns 47,978 shares of the oil and gas company’s stock valued at $4,451,000 after purchasing an additional 435 shares in the last quarter. Allen Capital Group LLC grew its holdings in shares of Valero Energy by 5.1% in the second quarter. Allen Capital Group LLC now owns 9,051 shares of the oil and gas company’s stock valued at $1,003,000 after purchasing an additional 436 shares in the last quarter. Sigma Planning Corp grew its holdings in shares of Valero Energy by 4.7% in the second quarter. Sigma Planning Corp now owns 10,106 shares of the oil and gas company’s stock valued at $1,120,000 after purchasing an additional 457 shares in the last quarter. Finally, United Capital Financial Advisers LLC grew its holdings in shares of Valero Energy by 2.3% in the first quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 458 shares in the last quarter. 78.37% of the stock is owned by hedge funds and other institutional investors.

Valero Energy stock traded up $1.36 during midday trading on Friday, hitting $108.25. The stock had a trading volume of 3,344,002 shares, compared to its average volume of 3,285,053. The firm has a market capitalization of $48.62 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.96 and a beta of 1.03. Valero Energy has a 52-week low of $75.84 and a 52-week high of $126.98. The company has a current ratio of 1.67, a quick ratio of 1.10 and a debt-to-equity ratio of 0.39.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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