FY2024 EPS Estimates for Valero Energy Decreased by Analyst

Valero Energy Co. (NYSE:VLO - Free Report) - Stock analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Valero Energy in a research report issued to clients and investors on Tuesday, January 28th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $7.94 per share for the year, down from their previous forecast of $7.97. The consensus estimate for Valero Energy's current full-year earnings is $7.93 per share. Zacks Research also issued estimates for Valero Energy's Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $2.38 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $6.05 EPS, Q2 2026 earnings at $3.12 EPS, Q3 2026 earnings at $2.65 EPS, Q4 2026 earnings at $0.76 EPS and FY2026 earnings at $9.41 EPS.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%.

A number of other analysts have also recently issued reports on the company. Citigroup decreased their target price on Valero Energy from $192.00 to $176.00 and set a "buy" rating for the company in a report on Friday, October 25th. Mizuho lowered their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. BMO Capital Markets dropped their target price on Valero Energy from $175.00 to $165.00 and set an "outperform" rating on the stock in a report on Friday, October 4th. Bank of America initiated coverage on Valero Energy in a report on Thursday, October 17th. They issued a "neutral" rating and a $150.00 price target for the company. Finally, Piper Sandler upgraded shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $154.54.

Valero Energy Trading Down 2.2 %

Valero Energy stock traded down $2.99 during midday trading on Thursday, reaching $135.36. The stock had a trading volume of 2,919,097 shares, compared to its average volume of 2,988,303. The stock has a market capitalization of $42.85 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock's 50-day simple moving average is $131.11 and its 200 day simple moving average is $137.72. Valero Energy has a twelve month low of $116.84 and a twelve month high of $184.79.

Institutional Investors Weigh In On Valero Energy

Institutional investors have recently modified their holdings of the business. Quad Cities Investment Group LLC grew its position in shares of Valero Energy by 1.6% in the third quarter. Quad Cities Investment Group LLC now owns 4,851 shares of the oil and gas company's stock valued at $655,000 after purchasing an additional 75 shares during the last quarter. Providence Wealth Advisors LLC grew its holdings in Valero Energy by 0.9% in the 3rd quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock valued at $1,169,000 after buying an additional 75 shares during the last quarter. New Century Financial Group LLC increased its position in Valero Energy by 5.0% in the 3rd quarter. New Century Financial Group LLC now owns 1,708 shares of the oil and gas company's stock worth $231,000 after buying an additional 81 shares during the period. Segment Wealth Management LLC lifted its holdings in shares of Valero Energy by 1.7% during the fourth quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock worth $606,000 after buying an additional 81 shares during the last quarter. Finally, Opal Wealth Advisors LLC boosted its position in shares of Valero Energy by 4.7% in the third quarter. Opal Wealth Advisors LLC now owns 1,834 shares of the oil and gas company's stock valued at $248,000 after acquiring an additional 82 shares during the period. Institutional investors own 78.69% of the company's stock.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Thursday, January 30th. This is an increase from Valero Energy's previous quarterly dividend of $1.07. Valero Energy's payout ratio is currently 38.39%.

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.