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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 ...
Here's Why Valero Energy (VLO) Fell More Than Broader Market
ZACKS· 2024-07-18 23:21
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 ...
Why Valero Energy (VLO) Outpaced the Stock Market Today
ZACKS· 2024-07-12 23:06
Valero Energy (VLO) closed at $147.92 in the latest trading session, marking a +0.87% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.Shares of the oil refiner witnessed a loss of 2.12% over the previous month, beating the performance of the Oils-Energy sector with its loss of 11.53% and underperforming the S&P 500's gain of 4.28%.Investors will be eagerly watching for the performance ...
Valero Energy (VLO) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-06-24 23:21
Valero Energy (VLO) closed the most recent trading day at $150.73, moving +0.35% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.31%. Meanwhile, the Dow gained 0.67%, and the Nasdaq, a tech-heavy index, lost 1.09%.Coming into today, shares of the oil refiner had lost 7.52% in the past month. In that same time, the Oils-Energy sector lost 4.31%, while the S&P 500 gained 2.73%.Analysts and investors alike will be keeping a close eye on the performance ...
Valero Energy (VLO) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2024-06-17 23:05
In the latest trading session, Valero Energy (VLO) closed at $151.11, marking a +0.69% move from the previous day. This change lagged the S&P 500's 0.77% gain on the day. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 0.95%.The oil refiner's stock has dropped by 9.63% in the past month, falling short of the Oils-Energy sector's loss of 7.24% and the S&P 500's gain of 3.71%.The upcoming earnings release of Valero Energy will be of great interest to investors. The compa ...
Valero: Growing Free Cash Flow To Support Dividend Growth
Seeking Alpha· 2024-06-12 08:18
Sandra Milena Valero Orjuela/iStock via Getty Images Overview I previously covered Valero (NYSE:VLO) back in August of last year. Since then, it has stayed on par with the S&P 500 (SPY) and provided a total return slightly over 21%. Now that a few quarters has gone by, I wanted to revisit and provide some updated insights around the valuation, benefits as a dividend compounder, and the company's outlook. When it came to valuation, I previously conducted a discounted cash flow analysis to get a price tar ...
Valero Energy (VLO) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2024-06-10 23:06
The most recent trading session ended with Valero Energy (VLO) standing at $154.59, reflecting a +0.1% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow gained 0.18%, and the Nasdaq, a tech-heavy index, added 0.35%.Shares of the oil refiner witnessed a loss of 1.09% over the previous month, beating the performance of the Oils-Energy sector with its loss of 3.91% and underperforming the S&P 500's gain of 3.25%.The investm ...