Analysts Expect Valero Energy Co. (NYSE:VLO) Will Announce Earnings of $1.68 Per Share

Equities analysts forecast that Valero Energy Co. (NYSE:VLO) will announce $1.68 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Valero Energy’s earnings, with the highest EPS estimate coming in at $2.10 and the lowest estimate coming in at $1.03. Valero Energy reported earnings per share of $2.12 in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.8%. The business is scheduled to announce its next earnings results on Thursday, January 30th.

According to Zacks, analysts expect that Valero Energy will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $5.28. For the next fiscal year, analysts anticipate that the business will report earnings of $9.60 per share, with EPS estimates ranging from $7.47 to $11.13. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Valero Energy.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The company had revenue of $27.25 billion for the quarter, compared to analysts’ expectations of $25.93 billion. During the same quarter last year, the business earned $2.01 earnings per share. Valero Energy’s revenue was down 11.7% on a year-over-year basis.

A number of research analysts recently commented on VLO shares. JPMorgan Chase & Co. decreased their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 10th. Wells Fargo & Co raised their price target on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. ValuEngine lowered Valero Energy from a “sell” rating to a “strong sell” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the company a “buy” rating in a research note on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $101.13.

A number of large investors have recently added to or reduced their stakes in VLO. Boston Partners boosted its stake in Valero Energy by 23,224.5% in the second quarter. Boston Partners now owns 5,689,556 shares of the oil and gas company’s stock valued at $487,029,000 after buying an additional 5,665,163 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Valero Energy by 15,904.0% during the second quarter. Nuveen Asset Management LLC now owns 3,352,516 shares of the oil and gas company’s stock valued at $287,009,000 after purchasing an additional 3,331,568 shares in the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of Valero Energy by 8,873.5% during the second quarter. Thoroughbred Financial Services LLC now owns 1,347,276 shares of the oil and gas company’s stock valued at $134,728,000 after purchasing an additional 1,332,262 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Valero Energy by 67.6% during the second quarter. Invesco Ltd. now owns 2,523,796 shares of the oil and gas company’s stock valued at $216,062,000 after purchasing an additional 1,017,717 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Valero Energy by 313.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,267,446 shares of the oil and gas company’s stock valued at $108,036,000 after purchasing an additional 960,653 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE VLO opened at $101.06 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.40. Valero Energy has a 52 week low of $68.81 and a 52 week high of $101.99. The stock has a market capitalization of $41.32 billion, a P/E ratio of 13.71, a PEG ratio of 2.60 and a beta of 1.49. The stock’s fifty day moving average is $93.80 and its 200 day moving average is $83.76.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 20th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Tuesday, November 19th. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). 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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