FY2024 EPS Estimates for Valero Energy Lowered by Analyst

Valero Energy Co. (NYSE:VLO) – Analysts at Zacks Research cut their FY2024 EPS estimates for Valero Energy in a research report issued on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $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.

VLO has been the subject of several other reports. Mizuho reduced their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company raised Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. Scotiabank lowered their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets cut their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Barclays decreased their target price 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given 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 a consensus target price of $155.86.

Valero Energy Trading Down 0.9 %

Shares of VLO stock opened at $138.56 on Thursday. The stock has a market capitalization of $43.87 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.61 and a beta of 1.39. The company’s fifty day simple moving average is $136.83 and its two-hundred day simple moving average is $145.47. Valero Energy has a 1 year low of $120.21 and a 1 year 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.

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. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. Valero Energy’s revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.49 EPS.

Valero Energy Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EdgeRock Capital LLC purchased a new stake in Valero Energy during the second quarter valued at about $27,000. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy during the third quarter valued at approximately $28,000. Lynx Investment Advisory bought a new position in shares of Valero Energy in the second quarter worth approximately $29,000. Summit Securities Group LLC purchased a new position in shares of Valero Energy in the second quarter worth $31,000. Finally, Pathway Financial Advisers LLC bought a new stake in Valero Energy during the 1st quarter valued at $33,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

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.