Zacks Research Reduces Earnings Estimates for Valero Energy

Valero Energy Co. (NYSE:VLO) – Equities researchers at Zacks Research lowered their FY2024 earnings estimates for shares of Valero Energy in a report issued on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of $9.02 per share for the year, down from their previous forecast of $9.03. The consensus estimate for Valero Energy’s current full-year earnings is $8.92 per share. Zacks Research also issued estimates for Valero Energy’s Q4 2024 earnings at $1.35 EPS, Q4 2025 earnings at $1.86 EPS, FY2025 earnings at $7.96 EPS, Q1 2026 earnings at $3.55 EPS, Q3 2026 earnings at $1.92 EPS and FY2026 earnings at $10.58 EPS.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The company had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same period in the prior year, the company earned $7.49 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis.

Several other research analysts have also commented on VLO. Citigroup dropped their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company upgraded shares of Valero Energy from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price for the company. Finally, Piper Sandler lowered Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Valero Energy Trading Down 0.9 %

Shares of VLO opened at $138.55 on Thursday. The company’s fifty day moving average is $136.83 and its 200 day moving average is $145.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market capitalization of $43.86 billion, a PE ratio of 12.43, a P/E/G ratio of 2.61 and a beta of 1.39. Valero Energy has a fifty-two week low of $120.21 and a fifty-two week high of $184.79.

Hedge Funds Weigh In On Valero Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC bought a new stake in Valero Energy during the 2nd quarter valued at $27,000. Lynx Investment Advisory bought a new stake in Valero Energy during the second quarter valued at about $29,000. Pathway Financial Advisers LLC purchased a new position in Valero Energy in the first quarter valued at about $33,000. Summit Securities Group LLC bought a new position in Valero Energy in the second quarter worth about $31,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy during the third quarter valued at about $28,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be issued a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. Valero Energy’s dividend payout ratio is currently 38.39%.

About Valero Energy

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.