Valero Energy Corporation (VLO) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.60 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.65. The company posted revenue of $15714.00 million in the period, compared to analysts expectations of $17705.49 million. The company’s revenue was down -26.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.87 EPS.
Many Wall Street Analysts have commented on Valero Energy Corporation. Valero Energy Corporation was Downgraded by Credit Suisse to ” Neutral” on Apr 11, 2016. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 85 from a previous price target of $93 .Valero Energy Corporation was Upgraded by BofA/Merrill to ” Neutral” on Mar 3, 2016.
Valero Energy Corporation opened for trading at $58.96 and hit $60.1 on the upside on Monday, eventually ending the session at $59.82, with a gain of 1.61% or 0.95 points. The heightened volatility saw the trading volume jump to 54,19,009 shares. Company has a market cap of $28,139 M.
In a different news, on Nov 24, 2015, R. Michael Crownover (EVP) sold 17,104 shares at $72.98 per share price. According to the SEC, on Aug 13, 2015, Michael S Ciskowski (EVP and CFO) sold 29,910 shares at $68.14 per share price. On Aug 3, 2015, Stephen M Waters (director) sold 4,000 shares at $65.54 per share price, according to the Form-4 filing with the securities and exchange commission.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels other petrochemical products and power. The Company’s refineries can produce conventional gasolines premium gasolines gasoline diesel fuel low-sulfur diesel fuel ultra-low-sulfur diesel fuel CARB diesel fuel other distillates jet fuel asphalt petrochemicals lubricants and other refined products. The Company markets branded and unbranded refined products through approximately 7400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations wholesale marketing product supply and distribution and transportation operations in the United States Canada the United Kingdom Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.