Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional, premium, and reformulated 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; blendstocks; lube oils and natural gas liquids; and asphalts, petrochemicals, lubricants, and other refined petroleum products. As of December 31, 2020, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day. It sells its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. The company also produces and sells ethanol, dry distiller grains, syrup, and inedible corn oil primarily to refiners and gasoline blenders, as well as to animal feed customers. It owns and operates 13 ethanol plants with a combined ethanol production capacity of approximately 1.69 billion gallons per year. In addition, the company owns and operates crude oil and refined petroleum products pipelines, terminals, tanks, marine docks, truck rack bays, and other logistics assets. Further, it owns and operates a plant that processes animal fats, used cooking oils, and other vegetable oils into renewable diesel. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.
IPO Year:
Exchange: NYSE
Website: valero.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $145.00 → $140.00 | Buy | TD Cowen |
| 10/17/2024 | $150.00 | Neutral | BofA Securities |
| 10/9/2024 | $172.00 → $165.00 | Equal Weight → Overweight | Wells Fargo |
| 9/20/2024 | $169.00 → $123.00 | Overweight → Neutral | Piper Sandler |
| 7/18/2024 | $177.00 | Outperform | Wolfe Research |
| 7/17/2024 | $165.00 → $175.00 | Neutral → Outperform | Mizuho |
| 5/16/2024 | Buy → Hold | Argus | |
| 4/29/2024 | $190.00 → $185.00 | Buy | TD Cowen |
| 4/8/2024 | $175.00 → $190.00 | Buy | TD Cowen |
| 3/22/2024 | $150.00 → $173.00 | Buy → Neutral | Mizuho |
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Valero Energy (NYSE:VLO) reported quarterly earnings of $2.71 per share which beat the analyst consensus estimate of $2.56 by 5.86 percent. This is a 49.81 percent decrease over earnings of $5.40 per share from the same period last year. The company reported quarterly sales of $30.940 billion which missed the analyst consensus estimate of $33.672 billion by 8.11 percent. This is a 10.34 percent decrease over sales of $34.509 billion the same period last year.
Valero Energy's (NYSE:VLO) short percent of float has risen 24.46% since its last report. The company recently reported that it has 14.90 million shares sold short, which is 4.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest
Wolfe Research analyst Doug Leggate reinstates Valero Energy (NYSE:VLO) with a Outperform.
Valero Energy (NYSE:VLO) has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 8 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 4 2 0 0 2M Ago 0 1 1 0 0 3M Ago 1 2 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $173.23, a high estimate of $187.00, and a low estimate of $156.00. Highlighting a 2.85% decrease, the cur
Mizuho analyst Nitin Kumar upgrades Valero Energy (NYSE:VLO) from Neutral to Outperform and raises the price target from $165 to $175.
Scotiabank analyst Paul Cheng maintains Valero Energy (NYSE:VLO) with a Sector Outperform and raises the price target from $165 to $173.
Wells Fargo analyst Roger Read maintains Valero Energy (NYSE:VLO) with a Equal-Weight and lowers the price target from $179 to $156.
Valero Energy (NYSE:VLO) has outperformed the market over the past 20 years by 2.3% on an annualized basis producing an average annual return of 10.66%. Currently, Valero Energy has a market capitalization of $47.89 billion. Buying $1000 In VLO: If an investor had bought $1000 of VLO stock 20 years ago, it would be worth $7,539.77 today based on a price of $146.46 for VLO at the time of writing. Valero Energy's Performance Over Last 20 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content en
Investors with a lot of money to spend have taken a bullish stance on Valero Energy (NYSE:VLO). And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VLO, it often means somebody knows something is about to happen. So how do we know what these investors just did? Today, Benzinga's options scanner spotted 8 uncommon options trades for Valero Energy. This isn't normal. The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish. Out of all of the spe
Barclays analyst Theresa Chen maintains Valero Energy (NYSE:VLO) with a Overweight and lowers the price target from $171 to $165.
The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero")) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on December 20, 2024 to holders of record at the close of business on November 20, 2024. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. wi
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 Valero Energy Corporation (NYSE:VLO, "Valero"))) today reported net income attributable to Valero stockholders of $364 million, or $1.14 per share, for the third quarter of 2024, compared to $2.6 billion, or $7.49 per share, for the third quarter of 2023. Refining The Refining segment reported operating income of $565 million for the third quarter of 2024, compared to $3.4 billion for the third quarter
Valero Energy Corporation (NYSE:VLO) announced today that it will host a conference call on October 24, 2024 at 10:00 a.m. ET to discuss third quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, t
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 Valero Energy Corporation (NYSE:VLO, "Valero"))) today reported net income attributable to Valero stockholders of $880 million, or $2.71 per share, for the second quarter of 2024, compared to $1.9 billion, or $5.40 per share, for the second quarter of 2023. Refining The Refining segment reported operating income of $1.2 billion for the second quarter of 2024, compared to $2.4 billion for the second quarter of 2023. Refining thr
The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero"))) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on September 3, 2024 to holders of record at the close of business on August 1, 2024. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with
Valero Energy Corporation (NYSE:VLO) announced today that it will host a conference call on July 25, 2024 at 10:00 a.m. ET to discuss second quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the
The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero"))) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on June 28, 2024 to holders of record at the close of business on May 30, 2024. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. with a c
Reported net income attributable to Valero stockholders of $1.2 billion, or $3.75 per share Reported adjusted net income attributable to Valero stockholders of $1.3 billion, or $3.82 per share Repaid the $167 million outstanding principal balance of its 1.200% Senior Notes that matured on March 15 Declared a regular quarterly cash dividend of $1.07 per share on January 18 Returned $1.4 billion to stockholders through dividends and stock buybacks Startup of the Diamond Green Diesel Sustainable Aviation Fuel (SAF) project is now expected in the fourth quarter of 2024 Valero Energy Corporation (NYSE:VLO, "Valero"))) today reported net income attributable to Valero stockholde
Valero Energy Corporation (NYSE:VLO) announced today that it will host a conference call on April 25, 2024 at 10:00 a.m. ET to discuss first quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the
Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year Reported adjusted net income attributable to Valero stockholders of $8.8 billion, or $24.90 per share, for the year Returned $1.3 billion to stockholders through dividends and stock buybacks in the fourth quarter and over $6.6 billion in the year Increased quarterly cash dividend on common stock by 5 percent to $1.07 per share on January 18 Valero Energy Corporation (NYSE:VLO, "Valero"))) today reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter of 2
Joseph W. Gorder to Retire as Executive Chairman and Director CEO and President R. Lane Riggs to Assume Chairman Position Valero Energy Corporation (NYSE:VLO, "Valero")) today announced that Joseph W. Gorder has chosen to retire as Executive Chairman and as a member of the Board effective as of the close of business on December 31, 2024. R. Lane Riggs, Valero's Chief Executive Officer and President, and member of the Board, has also been elected to the additional position of Chairman of the Board effective as of such date. Mr. Gorder retired as Valero's CEO effective as of the close of business on June 30, 2023 and has served as Executive Chairman of the Board since that time. In his rol
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in
Joseph W. Gorder to Retire as CEO; Will Remain as Executive Chairman R. Lane Riggs to Assume CEO Position and Become Director Valero Energy Corporation (NYSE:VLO, "Valero"))) announced today that Joseph W. Gorder, Valero's Chief Executive Officer and Chairman of the Board, has chosen to retire as CEO and has been elected as Executive Chairman of the Board, both effective June 30, 2023. In his new role, Mr. Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and Valero's leadership on Company decisions. R. Lane Riggs, Valero's President and Chief Operating Officer, has been elected to serve as Valero's CEO and as a member of the Board, also ef
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10-Q - VALERO ENERGY CORP/TX (0001035002) (Filer)
Joseph W. Gorder to Retire as Executive Chairman and Director CEO and President R. Lane Riggs to Assume Chairman Position Valero Energy Corporation (NYSE:VLO, "Valero")) today announced that Joseph W. Gorder has chosen to retire as Executive Chairman and as a member of the Board effective as of the close of business on December 31, 2024. R. Lane Riggs, Valero's Chief Executive Officer and President, and member of the Board, has also been elected to the additional position of Chairman of the Board effective as of such date. Mr. Gorder retired as Valero's CEO effective as of the close of business on June 30, 2023 and has served as Executive Chairman of the Board since that time. In his rol
The Board of Directors of Valero Energy Corporation (NYSE:VLO, "Valero")) has declared a regular quarterly cash dividend on common stock of $1.07 per share. The dividend is payable on December 20, 2024 to holders of record at the close of business on November 20, 2024. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. Valero owns 15 petroleum refineries located in the U.S., Canada and the U.K. wi
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 Valero Energy Corporation (NYSE:VLO, "Valero"))) today reported net income attributable to Valero stockholders of $364 million, or $1.14 per share, for the third quarter of 2024, compared to $2.6 billion, or $7.49 per share, for the third quarter of 2023. Refining The Refining segment reported operating income of $565 million for the third quarter of 2024, compared to $3.4 billion for the third quarter
Orlando, FL, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Signature Aviation, the world's largest network of private aviation terminals, has announced the expansion of its blended sustainable aviation fuel (SAF) offering to six new locations across the United States following a blended SAF supply agreement with Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO). The announcement further reinforces Signature's leadership in environmental stewardship within the broader aviation community. Effective in January 2025, SAF will be available at Signature's locations at: Dallas Love Field (DAL)Washington Dulles International Airport (IAD)Miami Internati
IRVING, Texas, Oct. 17, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel, for delivery to Chicago Midway International Airport (MDW). As part of the two-year supply agreement between Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO) and Southwe
Supply from Valero is expected to deliver the highest volume of SAF announced to date in Illinois DALLAS, Oct. 17, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to bring SAF to Chicago Midway International Airport (MDW) in the state's largest announced SAF supply agreement. As part of the two-year agreement, Southwest® will purchase a minimum of 3.6 million gallons of neat SAF (about 12 million gallons blended) for use in its operations as early as Q4 2024, with the option to purchase up to 25 million gallons of
IRVING, Texas, Sept. 25, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of sustainable aviation fuel (SAF) to Florida through an agreement between World Fuel and DHL Express. Under the terms of the agreement, World Fuel Services (World Fuel), a World Kinect Company (NYSE:WKC) will deliver over a two-year period approximately 60 million gallons of blende
Valero Energy Corporation (NYSE:VLO) announced today that it will host a conference call on October 24, 2024 at 10:00 a.m. ET to discuss third quarter 2024 earnings results, which will be released earlier that day, and provide an update on company operations. Persons interested in listening to the conference call may join the webcast on Valero's Investor Relations website at investorvalero.com. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and sells its products primarily in the United States (U.S.), Canada, t
IRVING, Texas, July 31, 2024 /PRNewswire/ -- Darling Ingredients Inc. (NYSE:DAR), the world's leading company turning food waste into sustainable products and producer of renewable energy, today announced that its 50/50 joint venture Diamond Green Diesel (DGD) will provide the first regular supply of neat sustainable aviation fuel (SAF), to be blended with conventional jet fuel to create blended SAF, for commercial air travel out of John F. Kennedy International Airport (JFK) to begin in the next few months. DGD's Port Arthur, Texas, facility will supply 1 million gallons of neat SAF, with the option to supply an additional 4 million gallons, in support of a 12-month blended SAF agreement be
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in
TD Cowen reiterated coverage of Valero Energy with a rating of Buy and set a new price target of $140.00 from $145.00 previously
BofA Securities resumed coverage of Valero Energy with a rating of Neutral and set a new price target of $150.00
Wells Fargo upgraded Valero Energy from Equal Weight to Overweight and set a new price target of $165.00 from $172.00 previously
Piper Sandler downgraded Valero Energy from Overweight to Neutral and set a new price target of $123.00 from $169.00 previously
Wolfe Research resumed coverage of Valero Energy with a rating of Outperform and set a new price target of $177.00
Mizuho upgraded Valero Energy from Neutral to Outperform and set a new price target of $175.00 from $165.00 previously
Argus downgraded Valero Energy from Buy to Hold
TD Cowen reiterated coverage of Valero Energy with a rating of Buy and set a new price target of $185.00 from $190.00 previously
TD Cowen reiterated coverage of Valero Energy with a rating of Buy and set a new price target of $190.00 from $175.00 previously
Mizuho downgraded Valero Energy from Buy to Neutral and set a new price target of $173.00 from $150.00 previously