Last $46.27 USD
Change Today -0.50 / -1.07%
Volume 9.4M
VLO On Other Exchanges
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As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

valero energy corp (VLO) Snapshot

Open
$46.67
Previous Close
$46.77
Day High
$47.10
Day Low
$46.24
52 Week High
05/6/14 - $59.69
52 Week Low
10/9/13 - $33.20
Market Cap
24.4B
Average Volume 10 Days
9.7M
EPS TTM
$6.32
Shares Outstanding
528.0M
EX-Date
08/18/14
P/E TM
7.3x
Dividend
$1.10
Dividend Yield
2.16%
Current Stock Chart for VALERO ENERGY CORP (VLO)

valero energy corp (VLO) Details

Valero Energy Corporation operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol. The Refining segment is involved in refining, wholesale marketing, product supply and distribution, and transportation operations. This segment produces conventional and premium gasoline, gasoline meeting the specifications of the California Air Resources Board (CARB), reformulated gasoline blendstock for oxygenate blending, diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel fuel, distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined products. The Ethanol segment produces ethanol and distillers grains. The company markets its refined products through bulk and rack marketing network; and through approximately 7,400 outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco names. As of December 31, 2013, it owned 16 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. Valero Energy Corporation also owns and operates 10 ethanol plants with a combined ethanol production capacity of approximately 1.2 billion gallons per year. 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 1955 and is based in San Antonio, Texas.

10,007 Employees
Last Reported Date: 02/27/14
Founded in 1955

valero energy corp (VLO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $775.0K
Executive Vice President and General Counsel
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

valero energy corp (VLO) Key Developments

PDV America Reportedly Seeks Offers For CITGO

Petróleos de Venezuela S.A. is seeking preliminary offers for CITGO Petroleum Corporation by the end of September 2014, Reuters reported citing two people familiar with the matter. Lazard Ltd. (NYSE:LAZ) is advising Petróleos de Venezuela S.A. on the sale process. CITGO Petroleum Corporation's assets, the core of which are three refineries in Lemont, Illinois; Lake Charles, Louisiana; and Corpus Christi, Texas with a combined capacity of 749,000 barrels per day (bpd), have annual earnings before interest, taxes, depreciation and amortization (EBITDA) of around $1.5 billion and could fetch between $8 billion and $10 billion. Bidders can put in offers for individual assets, which include refineries, terminals, storage and wholesale operations. Logical bidders for the refineries could include HollyFrontier Corporation (NYSE:HFC), Valero Energy Corporation (NYSE:VLO), Western Refining, Inc. (NYSE:WNR), Tesoro Corporation (NYSE:TSO) and PBF Energy Inc. (NYSE:PBF). Representatives for Lazard Ltd. could not be immediately reached for comment, while Petróleos de Venezuela S.A. and CITGO Petroleum Corporation did not respond to requests for comment.

Valero Energy Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014 and Financial Guidance for the Third Quarter of 2014

Valero Energy reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net income from continuing operations attributable to the stockholders of the company rose to $651 million, or $1.22 per share compared to $463 million, or $0.84 per share, a year ago. Total net income attributable to the stockholders of the company was $1.10 per diluted share compared with $0.85 per diluted share a year ago. Operating revenues were $34.9 billion, compared with $34 billion a year ago. Operating income was $1,085 million against $805 million a year ago. Income from continuing operations before income tax expense was $999 million against $738 million a year ago. Regarding cash flows in the second quarter of 2014, capital expenditures were $806 million, of which $240 million was for turnarounds and catalyst. For the six months, the company reported operating revenues of $68,577 million against $67,508 million a year ago. Operating income was $2,436 million against $1,863 million a year ago. Income from continuing operations before income tax expense was $2,265 million against $1,727 million a year ago. Income from continuing operations was $1,493 million or $2.77 per basic and diluted share against income from continuing operations of $1,111 million or $2.02 per basic and diluted share a year ago. Net income attributable to the stockholders of the company was $1,416 million or $2.65 per basic and diluted share against income from continuing operations of $1,120 million or $2.03 per basic and diluted share a year ago. The company provided earnings guidance for the year 2014. The company expects 2014 capital expenditures, including turnarounds and catalyst, to be $3 billion, including approximately $870 million allocated to logistics investments - most of which are expected to be eligible for drop-down into Valero Energy Partners LP in the future. The company expect G&A expense, excluding depreciation for the third quarter, to be around $165 million and net interest expense should be about $95 million. Total depreciation and amortization expense in the third quarter should be approximately $420 million, and effective tax rate should be around 35%.

Valero Energy Corporation Increases Regular Cash Dividend on Common Stock, Payable on September 17, 2014

The board of directors of Valero Energy Corporation has approved an increase in the company's regular quarterly cash dividend on common stock from $0.25 per share to $0.275, effective with the quarterly dividend the board has declared to be payable on September 17, 2014 to holders of record at the close of business on August 20, 2014.

 

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Industry Analysis

VLO

Industry Average

Valuation VLO Industry Range
Price/Earnings 8.2x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 5.2x
TEV/Sales 0.1x
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