Valero Energy (NYSE:VLO) Announces Earnings Results, Beats Expectations By $0.16 EPS

Valero Energy (NYSE:VLO) announced its earnings results on Thursday. The oil and gas company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.98 by $0.16, RTT News reports. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the business earned $7.49 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year.

Valero Energy Stock Performance

NYSE:VLO traded down $2.31 during trading on Thursday, reaching $130.58. The company’s stock had a trading volume of 589,510 shares, compared to its average volume of 2,974,351. Valero Energy has a 12 month low of $119.88 and a 12 month high of $184.79. The firm has a market cap of $41.84 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The firm has a 50 day moving average of $138.91 and a 200-day moving average of $150.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Wall Street Analyst Weigh In

VLO has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America began coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Wolfe Research initiated coverage on Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective for the company. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lowered their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.60.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.