Valero Energy (NYSE:VLO) Posts Quarterly Earnings Results, Beats Expectations By $0.64 EPS

Valero Energy (NYSE:VLO) announced 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 business had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. During the same quarter in the prior year, the firm earned $8.27 earnings per share. The business’s quarterly revenue was down 12.8% compared to the same quarter last year.

Valero Energy Trading Down 0.8 %

Shares of Valero Energy stock opened at $165.80 on Friday. Valero Energy has a 12-month low of $104.18 and a 12-month high of $184.79. The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $55.13 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.54. The company has a 50-day moving average of $161.07 and a two-hundred day moving average of $140.68.

Analysts Set New Price Targets

VLO has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Valero Energy from $171.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. The Goldman Sachs Group increased their price target on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a report on Friday, March 22nd. Piper Sandler increased their price target on shares of Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a report on Wednesday, April 3rd. Finally, Citigroup increased their price target on shares of Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $173.63.

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.