Valero Energy (NYSE:VLO) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Valero Energy (NYSE:VLO) posted its quarterly earnings data on Thursday. The oil and gas company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.60 by $0.11, RTT News reports. Valero Energy had a return on equity of 20.97% and a net margin of 4.25%. The firm had revenue of $34.49 billion during the quarter, compared to analyst estimates of $32.97 billion. During the same period in the prior year, the business posted $5.40 EPS. Valero Energy’s revenue was down .1% on a year-over-year basis.

Valero Energy Stock Performance

NYSE VLO opened at $159.12 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. Valero Energy has a 1-year low of $119.88 and a 1-year high of $184.79. The business has a 50 day simple moving average of $153.61 and a two-hundred day simple moving average of $153.00. The stock has a market capitalization of $52.03 billion, a PE ratio of 7.88, a P/E/G ratio of 1.99 and a beta of 1.42.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 1st will be given a $1.07 dividend. The ex-dividend date is Thursday, August 1st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.69%. Valero Energy’s dividend payout ratio is currently 21.20%.

Insider Transactions at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of several recent research reports. TD Cowen cut their price target on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 29th. Citigroup increased their target price 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. Argus downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Wells Fargo & Company upped their price target on shares of Valero Energy from $156.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Wolfe Research started coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $172.07.

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.