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

Valero Energy Co. (NYSE:VLO) – Equities research analysts at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for Valero Energy in a report released on Monday, April 22nd. Zacks Research analyst R. Department now forecasts that the oil and gas company will earn $3.08 per share for the quarter, up from their prior 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 released its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.60. The business had revenue of $35.41 billion for the quarter, compared to analysts’ expectations of $34.76 billion. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The firm’s revenue was down 15.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.45 earnings per share.

A number of other brokerages have also recently issued reports on VLO. Mizuho cut Valero Energy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $150.00 to $173.00 in a research note on Friday, March 22nd. Piper Sandler raised their price objective on Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. raised their price objective on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. UBS Group increased their target price on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a report on Tuesday, March 26th. Finally, Barclays raised their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Stock Down 0.3 %

VLO opened at $167.00 on Tuesday. The stock has a market cap of $55.52 billion, a PE ratio of 6.75, a P/E/G ratio of 1.51 and a beta of 1.54. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79. The business’s fifty day simple moving average is $160.04 and its 200 day simple moving average is $140.15.

Institutional Investors Weigh In On Valero Energy

A number of large investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA boosted its stake in shares of Valero Energy by 13.0% during the 1st quarter. Private Trust Co. NA now owns 4,324 shares of the oil and gas company’s stock worth $738,000 after acquiring an additional 499 shares during the last quarter. Patton Albertson Miller Group LLC boosted its stake in shares of Valero Energy by 4.9% during the 1st quarter. Patton Albertson Miller Group LLC now owns 47,229 shares of the oil and gas company’s stock worth $8,062,000 after acquiring an additional 2,209 shares during the last quarter. Win Advisors Inc. purchased a new position in shares of Valero Energy during the 1st quarter worth $315,000. Zhang Financial LLC purchased a new position in shares of Valero Energy during the 1st quarter worth $282,000. Finally, Premier Path Wealth Partners LLC purchased a new position in shares of Valero Energy during the 1st quarter worth $207,000. 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.