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Valero Energy (VLO) Q3 Earnings and Revenues Miss Estimates
ZACKS· 2024-10-24 12:35
Valero Energy (VLO) came out with quarterly earnings of $1.14 per share, missing the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $7.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.63%. A quarter ago, it was expected that this oil refiner would post earnings of $2.61 per share when it actually produced earnings of $2.71, delivering a surprise of 3.83%.Over the last four quarters, the company ...
Valero(VLO) - 2024 Q3 - Quarterly Results
2024-10-24 12:19
Exhibit 99.01 Valero Energy Reports Third Quarter 2024 Results • Reported net income attributable to Valero stockholders of $364 million, or $1.14 per share • Returned $907 million to stockholders through dividends and stock buybacks • Successfully completed the Diamond Green Diesel (DGD) Port Arthur Sustainable Aviation Fuel (SAF) project in October SAN ANTONIO, October 24, 2024 – Valero Energy Corporation (NYSE: VLO, "Valero") today reported net income attributable to Valero stockholders of $364 million, ...
Valero Energy Earnings Preview: Industry Best Operating Costs Shine Bright In A Weak Market
Seeking Alpha· 2024-10-23 11:00
Investors looking for the lowest cost refiner should look no further than Valero Energy (NYSE: VLO ). The company's operating structure provides a wide moat advantage that allows the company to produce strong financial results even inI am a Licensed Professional Engineer who works in the Nuclear Power industry. I use my professional working knowledge of the power/energy industries to aid in evaluating potential equities worthy of long-term investment. I invest in income producing equities and rental real es ...
What's in the Cards for Valero Energy in Third-Quarter Earnings?
ZACKS· 2024-10-21 14:06
Valero Energy Corporation (VLO) is set to report third-quarter 2024 results on Oct. 24, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.In the last reported quarter, Valero Energy’s adjusted earnings of $2.71 per share beat the Zacks Consensus Estimate of $2.61, primarily due to an increase in refining throughput volumes. Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 11.52%. This is depi ...
Valero Energy (VLO) Advances But Underperforms Market: Key Facts
ZACKS· 2024-10-18 23:05
In the latest market close, Valero Energy (VLO) reached $137.04, with a +0.29% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 0.4%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.63%.The oil refiner's stock has dropped by 1.47% in the past month, exceeding the Oils-Energy sector's loss of 7.82% and lagging the S&P 500's gain of 3.76%.Investors will be eagerly watching for the performance of Valero Energy in its upcoming earnings disclosure. The ...
Valero Energy (VLO) Stock Sinks As Market Gains: Here's Why
ZACKS· 2024-10-11 23:06
The latest trading session saw Valero Energy (VLO) ending at $142.34, denoting a -0.26% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.61%. Meanwhile, the Dow gained 0.97%, and the Nasdaq, a tech-heavy index, added 0.33%.Coming into today, shares of the oil refiner had gained 6.4% in the past month. In that same time, the Oils-Energy sector lost 2.26%, while the S&P 500 gained 5.36%.The investment community will be closely monitoring the performance o ...
Valero Energy (VLO) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-01 23:06
Valero Energy (VLO) closed the most recent trading day at $137.47, moving +1.81% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.93%. Elsewhere, the Dow saw a downswing of 0.41%, while the tech-heavy Nasdaq depreciated by 1.53%.The oil refiner's shares have seen a decrease of 7.97% over the last month, not keeping up with the Oils-Energy sector's loss of 2.51% and the S&P 500's gain of 2.17%.Investors will be eagerly watching for the performance of Valero Energy in its up ...
Is Valero Energy (VLO) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-10-01 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 ...
Analyst: Energy Stock Has 'Less Room for Outperformance'
Schaeffers Investment Research· 2024-09-20 13:11
Shares of energy firm Valero Energy Corp (NYSE:VLO) are 0.9% lower before the opening bell following a bear note. Piper Sandler, who also downgraded several other oil sector names due to capacity and demand worries, downgraded VLO to "neutral" from "overweight" and reduced its price target to $123 from $169.In its note, the analyst still called Valero Energy stock "best in class," but said there's "less room for outperformance." Watch out for other covering brokerages to follow suit, as 14 still rate VLO a ...
Here's Why Retain Strategy is Apt for Valero Energy Stock Now
ZACKS· 2024-09-19 13:46
Valero Energy Corporation (VLO) is a premier oil refining company. Year to date, the company has gained 8%, outpacing the 1.4% rise of the composite stocks belonging to the industry.What’s Favoring VLO?Valero, currently carrying a Zacks Rank #3 (Hold), is a best-in-class oil refiner involved in the production of fuels and products that can meet the demands of modern life. Its refineries are located across the United States, Canada and the U.K. A total of 15 petroleum refineries, wherein Valero has ownership ...