FY2024 EPS Estimates for Valero Energy Reduced by Analyst

Valero Energy Co. (NYSE:VLO) – Zacks Research cut their FY2024 earnings per share (EPS) estimates for Valero Energy in a report issued 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) last issued its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.07% and a net margin of 2.74%. The firm’s revenue was down 14.4% on a year-over-year basis. During the same period in the prior year, the business earned $7.49 EPS.

A number of other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. TD Cowen lowered their target price on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Barclays dropped their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Scotiabank cut their price objective on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Mizuho cut their target price on shares of Valero Energy from $171.00 to $165.00 and set an “outperform” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.07.

Valero Energy Trading Down 0.1 %

Shares of Valero Energy stock opened at $124.89 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $135.66 and a 200-day simple moving average of $142.78. Valero Energy has a fifty-two week low of $122.91 and a fifty-two week high of $184.79. The firm has a market cap of $39.54 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 2.43 and a beta of 1.39.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock worth $384,907,000 after buying an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Valero Energy by 11,318.9% in the third quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock worth $145,339,000 after purchasing an additional 1,066,923 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Valero Energy by 900.2% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock worth $85,217,000 after purchasing an additional 568,000 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares in the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Valero Energy in the 3rd quarter worth approximately $70,352,000. 78.69% of the stock is owned by institutional investors.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be paid a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 dividend on an annualized basis and a yield of 3.43%. Valero Energy’s dividend payout ratio is presently 38.39%.

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.