Valero Energy FY2024 EPS Estimate Reduced by Zacks Research

Valero Energy Co. (NYSE:VLO) – Equities research analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for Valero Energy in a note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $9.02 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.

Several other brokerages have also issued reports on VLO. JPMorgan Chase & Co. cut their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $172.00 to $165.00 in a report on Wednesday, October 9th. TD Cowen decreased their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Barclays dropped their price objective on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Finally, Scotiabank decreased their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.86.

Valero Energy Price Performance

VLO stock opened at $138.56 on Thursday. Valero Energy has a 1 year low of $120.21 and a 1 year high of $184.79. The stock has a market capitalization of $43.87 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 2.61 and a beta of 1.39. The company’s 50-day moving average is $136.83 and its 200-day moving average is $145.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping 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 analysts’ expectations of $31.04 billion. During the same quarter last year, the firm posted $7.49 earnings per share. The firm’s revenue was down 14.4% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of VLO. Wellington Management Group LLP raised its stake in shares of Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after purchasing an additional 2,793,607 shares during the period. International Assets Investment Management LLC increased its holdings in Valero Energy by 11,318.9% during the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after buying an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after acquiring an additional 568,000 shares during the period. Pacer Advisors Inc. boosted its stake in Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after acquiring an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at approximately $70,352,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.09%. Valero Energy’s dividend payout ratio (DPR) 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.