Analysts Set Expectations for Valero Energy FY2024 Earnings

Valero Energy Co. (NYSE:VLO - Free Report) - Research analysts at Zacks Research lowered their FY2024 EPS estimates for Valero Energy in a report released on Thursday, December 12th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $8.94 per share for the year, down from their previous estimate of $9.02. The consensus estimate for Valero Energy's current full-year earnings is $8.86 per share. Zacks Research also issued estimates for Valero Energy's Q4 2024 earnings at $1.27 EPS, Q3 2025 earnings at $1.93 EPS, Q4 2025 earnings at $1.83 EPS, FY2025 earnings at $7.95 EPS and Q2 2026 earnings at $2.79 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 for the quarter, topping the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company's revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the company earned $7.49 earnings per share.

VLO has been the subject of several other research reports. BMO Capital Markets cut their target price on Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. TD Cowen reduced their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Valero Energy from $172.00 to $151.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price target on shares of Valero Energy from $165.00 to $160.00 and set an "overweight" rating for the company in a research report on Monday, December 9th. Finally, Piper Sandler downgraded Valero Energy from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has an average rating of "Moderate Buy" and an average price target of $155.07.

Valero Energy Stock Performance

Shares of NYSE:VLO traded down $4.07 during trading on Monday, hitting $125.07. 4,421,678 shares of the company were exchanged, compared to its average volume of 2,907,734. The company has a market cap of $39.60 billion, a PE ratio of 11.37, a P/E/G ratio of 2.43 and a beta of 1.39. Valero Energy has a 52-week low of $124.02 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 stock has a 50 day moving average of $136.27 and a 200 day moving average of $143.19.

Hedge Funds Weigh In On Valero Energy

Several institutional investors and hedge funds have recently bought and sold shares of VLO. International Private Wealth Advisors LLC increased its stake in shares of Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company's stock worth $309,000 after buying an additional 65 shares during the period. OmniStar Financial Group Inc. boosted its holdings in shares of Valero Energy by 1.6% during the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company's stock worth $712,000 after purchasing an additional 70 shares during the period. Everhart Financial Group Inc. grew its stake in shares of Valero Energy by 5.5% in the second quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company's stock worth $214,000 after purchasing an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC increased its holdings in Valero Energy by 1.4% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company's stock valued at $794,000 after purchasing an additional 72 shares during the period. Finally, Magnus Financial Group LLC raised its position in Valero Energy by 4.3% during the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company's stock valued at $275,000 after purchasing an additional 73 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a yield of 3.42%. Valero Energy's payout ratio is 38.39%.

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.