Zacks Research Analysts Raise Earnings Estimates for Valero Energy Co. (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) – Analysts at Zacks Research boosted their Q1 2024 earnings per share (EPS) estimates for shares of Valero Energy in a research note issued to investors on Monday, April 22nd. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $3.08 for the quarter, up from their previous forecast of $3.05. The consensus estimate for Valero Energy’s current full-year earnings is $18.31 per share. Zacks Research also issued estimates for Valero Energy’s Q2 2024 earnings at $5.06 EPS, Q3 2024 earnings at $4.86 EPS, Q4 2024 earnings at $3.15 EPS, FY2024 earnings at $16.15 EPS, Q1 2025 earnings at $3.56 EPS, Q2 2025 earnings at $3.67 EPS, Q3 2025 earnings at $3.47 EPS, Q4 2025 earnings at $2.17 EPS, FY2025 earnings at $12.87 EPS, Q1 2026 earnings at $2.80 EPS and FY2026 earnings at $11.21 EPS.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.60. The firm had revenue of $35.41 billion during the quarter, compared to the consensus estimate of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The business’s revenue for the quarter was down 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.45 EPS.

A number of other equities research analysts have also recently commented on VLO. Bank of America raised Valero Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $156.00 to $210.00 in a research note on Friday, March 15th. Piper Sandler lifted their price objective on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. Raymond James lifted their price objective on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. Finally, The Goldman Sachs Group lifted their price objective on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Stock Down 0.3 %

NYSE VLO opened at $167.00 on Tuesday. The stock has a fifty day moving average of $160.04 and a 200-day moving average of $140.15. The stock has a market capitalization of $55.52 billion, a P/E ratio of 6.75, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. Valero Energy has a 52 week low of $104.18 and a 52 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 1.56.

Institutional Trading of Valero Energy

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cutter & CO Brokerage Inc. grew its position in shares of Valero Energy by 2.4% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 4,981 shares of the oil and gas company’s stock valued at $648,000 after purchasing an additional 116 shares during the last quarter. Deutsche Bank AG grew its position in shares of Valero Energy by 5.8% in the third quarter. Deutsche Bank AG now owns 1,005,346 shares of the oil and gas company’s stock valued at $142,468,000 after purchasing an additional 55,351 shares during the last quarter. Stiles Financial Services Inc grew its position in shares of Valero Energy by 49.7% in the fourth quarter. Stiles Financial Services Inc now owns 7,615 shares of the oil and gas company’s stock valued at $991,000 after purchasing an additional 2,529 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Valero Energy by 14.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Valero Energy by 3.0% in the fourth quarter. Nordea Investment Management AB now owns 645,726 shares of the oil and gas company’s stock valued at $83,867,000 after purchasing an additional 18,575 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

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.