Brokers Offer Predictions for Valero Energy FY2024 Earnings

Valero Energy Co. (NYSE:VLO - Free Report) - Zacks Research dropped their FY2024 earnings per share estimates for Valero Energy in a research report issued to clients and investors on Tuesday, November 26th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings of $9.02 per share for the year, down from their previous estimate of $9.03. The consensus estimate for Valero Energy's current full-year earnings is $8.92 per share. Zacks Research also issued estimates for Valero Energy's Q4 2024 earnings at $1.35 EPS, Q4 2025 earnings at $1.86 EPS, FY2025 earnings at $7.96 EPS, Q1 2026 earnings at $3.55 EPS, Q3 2026 earnings at $1.92 EPS and FY2026 earnings at $10.58 EPS.

VLO has been the topic of a number of other reports. Citigroup lowered their price objective on Valero Energy from $192.00 to $176.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Scotiabank lowered their price target on shares of Valero Energy from $173.00 to $141.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Barclays cut their price objective on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a report on Monday, November 11th. Mizuho lowered their target price on shares of Valero Energy from $175.00 to $171.00 and set an "outperform" rating on the stock in a report on Monday, September 16th. Finally, The Goldman Sachs Group reduced their price target on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $155.86.

Valero Energy Stock Performance

Shares of VLO traded down $1.24 during mid-day trading on Thursday, hitting $138.56. The stock had a trading volume of 1,907,149 shares, compared to its average volume of 2,396,955. Valero Energy has a 52 week low of $120.21 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business has a fifty day moving average price of $136.83 and a 200-day moving average price of $145.51. The firm has a market cap of $43.87 billion, a P/E ratio of 12.43, a PEG ratio of 2.61 and a beta of 1.39.

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

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, November 20th. Valero Energy's dividend payout ratio (DPR) is currently 38.39%.

Hedge Funds Weigh In On Valero Energy

A number of hedge funds and other institutional investors have recently modified their holdings of VLO. EdgeRock Capital LLC bought a new position in shares of Valero Energy during the second quarter valued at about $27,000. Peterson Financial Group Inc. bought a new position in shares of Valero Energy in the third quarter worth approximately $28,000. Lynx Investment Advisory purchased a new position in shares of Valero Energy in the second quarter worth $29,000. Summit Securities Group LLC bought a new stake in Valero Energy during the 2nd quarter valued at $31,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Valero Energy during the 1st quarter valued at $33,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

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.