FY2024 EPS Estimates for Valero Energy Cut by Zacks Research

Valero Energy Co. (NYSE:VLO) – Stock analysts at Zacks Research decreased their FY2024 EPS estimates for shares of Valero Energy in a research report issued to clients and investors on Thursday, December 12th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings per share of $8.94 for the year, down from their previous forecast of $9.02. The consensus estimate for Valero Energy’s current full-year earnings is $8.86 per share. Zacks Research also issued estimates for Valero Energy’s Q4 2024 earnings at $1.27 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.83 EPS, FY2025 earnings at $7.95 EPS and Q2 2026 earnings at $2.79 EPS.

A number of other equities analysts also recently issued reports on the company. Bank of America initiated coverage on Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective for the company. Barclays dropped their price target 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. JPMorgan Chase & Co. cut their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research report on Wednesday, October 2nd. The Goldman Sachs Group decreased their target price on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Finally, Wells Fargo & Company dropped their price objective on shares of Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Monday, December 9th. One equities 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. According to MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and an average target price of $155.07.

Valero Energy Price Performance

Shares of VLO stock opened at $124.89 on Monday. 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 business’s 50 day moving average price is $135.66 and its 200-day moving average price is $142.78. The firm has a market cap of $39.54 billion, a P/E ratio of 11.20, a P/E/G ratio of 2.43 and a beta of 1.39. Valero Energy has a fifty-two week low of $122.91 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last issued 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 net margin of 2.74% and a return on equity of 13.07%. The business had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. During the same period last year, the business earned $7.49 earnings per share. The business’s quarterly revenue was down 14.4% on a year-over-year basis.

Hedge Funds Weigh In On Valero Energy

Hedge funds have recently made changes to their positions in the stock. EdgeRock Capital LLC acquired a new stake in Valero Energy in the second quarter valued at $27,000. Peterson Financial Group Inc. purchased a new stake in Valero Energy during the third quarter worth about $28,000. Summit Securities Group LLC acquired a new stake in shares of Valero Energy in the 2nd quarter worth approximately $31,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Valero Energy in the third quarter valued at $34,000. Finally, True Wealth Design LLC increased its holdings in Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.43%. The ex-dividend date of this dividend is Wednesday, November 20th. Valero Energy’s 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.