Valero Energy (VLO) to Release Earnings on Thursday

Valero Energy (NYSE:VLO) is expected to be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.16 per share and revenue of $29,391,598.11 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. The business had revenue of $32.88 billion during the quarter, compared to analyst estimates of $31.04 billion. During the same period last year, the company earned $7.49 EPS. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. On average, analysts expect Valero Energy to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Valero Energy Stock Performance

NYSE:VLO opened at $135.00 on Thursday. The firm has a market capitalization of $42.74 billion, a PE ratio of 12.11, a PEG ratio of 2.93 and a beta of 1.42. The stock’s fifty day moving average is $131.36 and its 200 day moving average is $137.98. Valero Energy has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be paid a $1.13 dividend. The ex-dividend date is Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 3.35%. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. Valero Energy’s dividend payout ratio is currently 38.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VLO. Mizuho decreased their price objective on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Piper Sandler upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Citigroup reduced their target price on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price target on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Finally, Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.57.

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.