Valero Energy (NYSE:VLO) Announces Earnings Results, Beats Estimates By $0.64 EPS

Valero Energy (NYSE:VLO) posted its earnings results on Thursday. The oil and gas company reported $3.82 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.64, Briefing.com reports. Valero Energy had a net margin of 5.01% and a return on equity of 24.95%. The company had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same period last year, the business posted $8.27 earnings per share. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year.

Valero Energy Stock Performance

VLO opened at $165.80 on Friday. The business’s 50-day simple moving average is $161.07 and its 200 day simple moving average is $140.61. 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. The firm has a market capitalization of $55.12 billion, a PE ratio of 8.21, a PEG ratio of 1.52 and a beta of 1.54.

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup raised their price objective on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Raymond James boosted their price objective on Valero Energy from $154.00 to $155.00 and gave the company a “strong-buy” rating in a research report on Friday, January 26th. Wells Fargo & Company raised their target price on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. The Goldman Sachs Group upped their price target on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a report on Friday, March 22nd. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $210.00 in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $173.63.

Valero Energy Company Profile

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.