Analysts Issue Forecasts for Valero Energy FY2024 Earnings

Valero Energy Co. (NYSE:VLO - Free Report) - Investment analysts at Scotiabank issued their FY2024 earnings estimates for shares of Valero Energy in a report released on Wednesday, January 8th. Scotiabank analyst P. Cheng anticipates that the oil and gas company will earn $8.65 per share for the year. Scotiabank has a "Sector Outperform" rating and a $141.00 price target on the stock. The consensus estimate for Valero Energy's current full-year earnings is $8.86 per share. Scotiabank also issued estimates for Valero Energy's FY2025 earnings at $9.45 EPS.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analysts' expectations of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy's quarterly revenue was down 14.4% on a year-over-year basis. During the same period last year, the firm earned $7.49 earnings per share.

A number of other research analysts also recently issued reports on VLO. Wells Fargo & Company reduced their price objective on shares of Valero Energy from $165.00 to $160.00 and set an "overweight" rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a report on Wednesday, October 2nd. TD Cowen decreased their price target on shares of Valero Energy from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Bank of America assumed coverage on shares of Valero Energy in a research note on Thursday, October 17th. They set a "neutral" rating and a $150.00 price objective on the stock. Finally, Citigroup decreased their target price on shares of Valero Energy from $192.00 to $176.00 and set a "buy" rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $154.57.

Valero Energy Price Performance

VLO opened at $127.27 on Monday. The stock's 50 day moving average price is $130.99 and its 200-day moving average price is $138.89. Valero Energy has a 52-week low of $116.84 and a 52-week high of $184.79. The stock has a market capitalization of $40.29 billion, a PE ratio of 11.41, a price-to-earnings-growth ratio of 2.43 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.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th were paid a $1.07 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.36%. Valero Energy's dividend payout ratio (DPR) is currently 38.39%.

Institutional Trading of Valero Energy

A number of hedge funds have recently bought and sold shares of VLO. Peterson Financial Group Inc. purchased a new stake in shares of Valero Energy during the 3rd quarter valued at about $28,000. Compagnie Lombard Odier SCmA purchased a new stake in Valero Energy during the third quarter valued at approximately $34,000. True Wealth Design LLC raised its position in Valero Energy by 196.8% in the third quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company's stock worth $37,000 after acquiring an additional 183 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Valero Energy during the 3rd quarter worth $38,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Valero Energy during the 3rd quarter valued at $50,000. Hedge funds and other 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.