Valero Energy (VLO) Tops Q4 EPS by 4c
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Valero Energy Reports 2016 Fourth Quarter and Full Year Results
January 31, 2017 6:54 AM ESTReported net income attributable to Valero stockholders of $367 million, or $0.81 per share, for the fourth quarter and $2.3 billion, or $4.94 per share, for the year.Reported adjusted net income attributable to Valero stockholders of $1.7 billion, or $3.72 per share, for the year. Returned $440 million in cash to stockholders through dividends and stock buybacks in the fourth quarter and $2.4 billion in the year, which resulted in a total payout ratio of 142 percent of 2016 adjusted net income attributable to Valero stockholders.Incurred $217 million of costs to meet biofuel blending obligations in the fourth quarter and $749 million... More
