FY2024 EPS Estimates for Valero Energy Cut by Zacks Research

Valero Energy Co. (NYSE:VLO) – Research analysts at Zacks Research reduced their FY2024 EPS estimates for shares of Valero Energy in a report issued on Tuesday, January 28th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $7.94 per share for the year, down from their prior estimate of $7.97. The consensus estimate for Valero Energy’s current full-year earnings is $7.93 per share. Zacks Research also issued estimates for Valero Energy’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $2.38 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $6.05 EPS, Q2 2026 earnings at $3.12 EPS, Q3 2026 earnings at $2.65 EPS, Q4 2026 earnings at $0.76 EPS and FY2026 earnings at $9.41 EPS.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%.

A number of other equities research analysts have also issued reports on the company. Wells Fargo & Company lowered their target price on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 target price on the stock. Barclays cut their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. BMO Capital Markets dropped their target price on Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, TD Cowen reduced their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $154.54.

Valero Energy Trading Down 3.0 %

NYSE:VLO opened at $135.36 on Thursday. The business’s 50-day moving average is $131.11 and its two-hundred day moving average is $137.72. The firm has a market capitalization of $42.85 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42. Valero Energy has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Institutional Investors Weigh In On Valero Energy

Hedge funds have recently added to or reduced their stakes in the stock. New Wave Wealth Advisors LLC acquired a new stake in Valero Energy in the fourth quarter worth about $25,000. Peterson Financial Group Inc. acquired a new position in shares of Valero Energy during the 3rd quarter valued at $28,000. Tobam bought a new stake in shares of Valero Energy in the 4th quarter worth $30,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Valero Energy in the third quarter valued at $34,000. Finally, True Wealth Design LLC boosted its stake in Valero Energy by 196.8% during the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio is presently 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.