Valero Energy Reports First Quarter 2020 Results
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Valero Energy (VLO) PT Raised to $65 at RBC Capital
April 29, 2020 3:36 PM EDTRBC Capital analyst Brad Heffern raised the price target on Valero Energy (NYSE: VLO) to $65.00 (from $58.00) while maintaining an Outperform rating.
The analyst commented, "VLO weathered the poor 1Q20 environment better than expected, and green shoots on the demand front are... More
Valero Energy (VLO) Tops Q1 EPS by 49c, Revenues Beat
April 29, 2020 6:31 AM EDTValero Energy (NYSE: VLO) reported Q1 EPS of $0.34, $0.49 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $17.77 billion.
Reported net loss attributable to Valero stockholders of $1.9 billion, or $4.54 per share.
Reported adjusted net income attributable to Valero stockholders of $140 million, or $0.34 per share.
Returned $548 million in cash to stockholders through dividends and stock buybacks during the quarter and declared a quarterly common stock dividend of $0.98 per share on April 24.
Deferred approximately $100... More
