In Tuesday trading, Valero Energy Partners LP shares are now up about 0.4% on the day.
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Currently, Valero has a Zacks Rank #5 (Strong Sell) but that could change following its second quarter 2016 earnings report which has just released. The formula to calculate ratio is stock’s latest price/ per share earnings.
Many Wall Street Analysts have commented on Valero Energy Corporation. That compares with the consensus estimate $13B and $0.66/share, respectively. The company said it had a profit of $1.07 Earnings per Share for the quarter. The stock is now holding above its 50 day moving average of $-4.06 and below its 200 day moving average of $51.22. Valero Energy Corporation makes up approx 1.30% of New England Research Management’s portfolio. Current revenue movements show that, the company has set average revenue estimates of 16.79B covering forecast of 5 analysts.
Operating revenue fell 22 percent to $19.58 billion, but total costs and expenses fell by a fifth. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.25 billion. Past 5 years growth of Valero Energy Corporation (NYSE:VLO) observed at 21.11%, and for the next five years the analysts that follow this company are expecting its growth at -8.60%.
Valero Energy Corp (Valero) is an global 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 7,400 outlets.
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The company is one of the major independent retailers of refined petroleum products in central and southwestern US and in eastern Canada, with about 7,500 retail outlets under various brand names, including Diamond Shamrock, Shamrock and Beacon. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.
