Valero Energy Reports First Quarter 2020 Results
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Go back to Valero Energy Reports First Quarter 2020 Results
April 29, 2020 3:36 PM EDT
RBC 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
April 29, 2020 6:31 AM EDT
Valero 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
