-$0.72 EPS Expected for Valero Energy Co. (NYSE:VLO) This Quarter

Analysts expect Valero Energy Co. (NYSE:VLO) to report earnings of ($0.72) per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Valero Energy’s earnings, with estimates ranging from ($1.10) to ($0.14). Valero Energy reported earnings of $0.34 per share in the same quarter last year, which indicates a negative year over year growth rate of 311.8%. The firm is scheduled to report its next earnings report on Wednesday, May 5th.

According to Zacks, analysts expect that Valero Energy will report full year earnings of $0.39 per share for the current year, with EPS estimates ranging from ($0.31) to $2.20. For the next financial year, analysts anticipate that the company will post earnings of $4.75 per share, with EPS estimates ranging from $4.21 to $5.25. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Valero Energy.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.48) by $0.42. The business had revenue of $16.60 billion for the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter last year, the business earned $2.13 EPS. The company’s quarterly revenue was down 40.4% on a year-over-year basis.

A number of analysts recently issued reports on VLO shares. Raymond James raised their price objective on Valero Energy from $55.00 to $69.00 and gave the stock an “outperform” rating in a research report on Friday, November 20th. UBS Group began coverage on Valero Energy in a report on Tuesday, January 26th. They set a “neutral” rating and a $66.00 target price for the company. Morgan Stanley upgraded Valero Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $50.00 to $74.00 in a research note on Friday, December 11th. Finally, Piper Sandler decreased their target price on Valero Energy from $78.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. Valero Energy has a consensus rating of “Buy” and an average target price of $64.50.

VLO stock traded up $0.22 during midday trading on Tuesday, reaching $74.47. The stock had a trading volume of 233,941 shares, compared to its average volume of 3,863,391. Valero Energy has a 52-week low of $31.00 and a 52-week high of $80.10. The company has a market cap of $30.37 billion, a price-to-earnings ratio of -2,474.18, a price-to-earnings-growth ratio of 84.85 and a beta of 2.14. The company’s fifty day simple moving average is $61.01 and its 200 day simple moving average is $52.53. The company has a current ratio of 1.90, a quick ratio of 1.24 and a debt-to-equity ratio of 0.73.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 4th. Stockholders of record on Thursday, February 11th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a dividend yield of 5.26%. The ex-dividend date is Wednesday, February 10th. Valero Energy’s dividend payout ratio (DPR) is presently 68.77%.

In other news, CEO Joseph W. Gorder sold 3,200 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $56.45, for a total transaction of $180,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.34% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its stake in shares of Valero Energy by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 831,530 shares of the oil and gas company’s stock worth $47,039,000 after purchasing an additional 10,918 shares during the period. JCIC Asset Management Inc. acquired a new stake in Valero Energy during the fourth quarter valued at approximately $3,614,000. InTrack Investment Management Inc acquired a new stake in Valero Energy during the fourth quarter valued at approximately $240,000. Achmea Investment Management B.V. boosted its holdings in Valero Energy by 44.1% during the fourth quarter. Achmea Investment Management B.V. now owns 44,432 shares of the oil and gas company’s stock valued at $2,513,000 after purchasing an additional 13,604 shares in the last quarter. Finally, Wilsey Asset Management Inc. boosted its holdings in shares of Valero Energy by 10.4% in the 4th quarter. Wilsey Asset Management Inc. now owns 241,279 shares of the oil and gas company’s stock worth $13,649,000 after acquiring an additional 22,662 shares in the last quarter. 74.57% of the stock is owned by hedge funds and other institutional investors.

Valero Energy Company Profile

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Earnings History and Estimates for Valero Energy (NYSE:VLO)

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