|Bid||100.25 x 800|
|Ask||100.29 x 900|
|Day's Range||99.15 - 100.51|
|52 Week Range||68.81 - 101.99|
|Beta (3Y Monthly)||1.49|
|PE Ratio (TTM)||18.13|
|Earnings Date||Jan. 29, 2020 - Feb. 3, 2020|
|Forward Dividend & Yield||3.60 (3.58%)|
|1y Target Est||106.71|
(Bloomberg) -- Valero Energy Corp. has temporarily shut two of the three ethanol plants it bought from Green Plains Inc. just a year after the purchase, according to people familiar with the matter and the U.S. fuel refiner’s website.The second-biggest U.S. oil processor by capacity has now stopped operations at its corn biofuel facility in Riga, Michigan, said the people, who asked not to be identified because the information is private. A biorefinery in Bluffton, Indiana, is down for a “turnaround” and will resume production “as soon as favorable economic conditions exits,” the company said on its website.U.S. ethanol producer Green Plains sold the two plants and another facility in Lakota, Iowa, to Valero for $300 million in October last year.The closures highlight the challenges the American biofuels industry has been facing, with overproduction, the absence of Chinese buying due to U.S. President Donald Trump’s trade war with the Asian nation, and higher corn costs after a delayed harvest this year.A representative for Valero didn’t return phone and email messages seeking comment.Weak margins have prompted some plants to slow down production or cease operations altogether. Three Rivers Energy, an Ohio plant with capacity to produce 50 million gallons a year, said last month it had temporarily idled. REX American Resources Corp., which has interests in six U.S. ethanol plants, is running some facilities as few as 10 days a month.Green Plains, which said its ethanol margins were negative in the third quarter, said it reduced output due to seasonal maintenance, while trader Andersons Inc. said it slowed production by 20% to 25% “at times when it didn’t make sense” because of high corn costs. Agricultural giant Archer-Daniels-Midland Co., which had already announced plans to spin off its dry ethanol mills, is in the initial stages of talks to form what could be a joint venture or sale.The wave of shutdowns in the U.S. has helped bring the ethanol market back to balance, according to Pat Bowe, Andersons’s chief executive officer. Margins started to improve in late-September and have turned positive, Green Plains said on its investor call on Wednesday.Valero’s Lakota facility, part of last year’s deal with Green Plains, is still accepting corn deliveries this week, according to the company’s website, a sign the facility is likely operating.\--With assistance from David Wethe.To contact the reporters on this story: Michael Hirtzer in Chicago at email@example.com;Isis Almeida in Chicago at firstname.lastname@example.orgTo contact the editors responsible for this story: Tina Davis at email@example.com, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, Marathon Petroleum (MPC) released results for the third quarter, during which its earnings rose 49% YoY (year-over-year) to $1.1 billion.
SAN ANTONIO, Oct. 30, 2019 -- The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on common stock of.
Valero Energy's (VLO) third-quarter 2019 earnings are favored by lower total cost of sales and the Diamond Green Diesel plant expansion.
Valero Energy's earnings and revenue surpassed analysts' estimates in the third quarter. Its EPS of $1.48 topped analysts’ estimate by about 10%.
Valero Energy (VLO) delivered earnings and revenue surprises of 9.63% and 10.79%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Reported net income attributable to Valero stockholders of $609 million, or $1.48 per share.Invested $525 million of capital and completed the Central Texas Pipelines and.
Valero Energy’s (VLO) refining earnings are the biggest factor in the company's total profits. With earnings due Thursday, here's what to expect.
The federal government's EIA report revealed that crude inventories rose by 9.3 million barrels, compared to the 4 million barrels increase that energy analysts had expected.
Valero Energy (VLO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Refiners have had a mixed October so far. Marathon Petroleum (MPC), Valero Energy (VLO), and Phillips 66 (PSX) are up, but HollyFrontier (HFC) has slumped.
The federal government's EIA report revealed that crude inventories rose by 2.9 million barrels, compared to the 2.4 million barrels increase that energy analysts had expected.
The Zacks Analyst Blog Highlights: ExxonMobil, ConocoPhillips, Valero Energy, Phillips 66 and Marathon Petroleum
Marathon Petroleum's (MPC) top brass reacts to Elliott's split bid stating that the company is in close touch with its shareholders and welcomes all suggestions to add shareholder value.
The federal government's EIA report revealed that crude inventories rose by 2.4 million barrels, compared to the 190,000 barrels drawdown that energy analysts had expected.
Marathon Petroleum stock rose 8.4% on Wednesday. Elliott Management wrote an open letter to the company. D.E. Shaw supports the recommendation.