FY2024 EPS Estimates for Valero Energy Cut by Zacks Research

by · The Cerbat Gem

Valero Energy Co. (NYSE:VLO – Free Report) – Analysts at Zacks Research dropped their FY2024 earnings per share estimates for Valero Energy in a research note issued to investors on Tuesday, November 26th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $9.02 for the year, down from their prior 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.

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, beating the consensus estimate of $0.98 by $0.16. The firm had revenue of $32.88 billion for 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 for the quarter was down 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.49 earnings per share.

Several other research firms also recently issued reports on VLO. Mizuho cut their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their price objective on Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Bank of America initiated coverage on Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $172.00 to $165.00 in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $155.86.

View Our Latest Stock Analysis on VLO

Valero Energy Trading Down 0.9 %

NYSE VLO opened at $138.55 on Thursday. Valero Energy has a 12-month low of $120.21 and a 12-month high of $184.79. The company has a fifty day simple moving average of $136.83 and a two-hundred day simple moving average of $145.51. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a market cap of $43.86 billion, a P/E ratio of 12.43, a P/E/G ratio of 2.61 and a beta of 1.39.

Valero Energy Announces Dividend

The firm also recently declared 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 of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.09%. Valero Energy’s dividend payout ratio is presently 38.39%.

Hedge Funds Weigh In On Valero Energy

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Valero Energy by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after buying an additional 50,837 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Valero Energy by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after acquiring an additional 192,397 shares during the period. Franklin Resources Inc. increased its holdings in Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock worth $639,268,000 after acquiring an additional 247,630 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Valero Energy by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after acquiring an additional 237,347 shares during the period. Finally, Pacer Advisors Inc. raised its position in Valero Energy by 18.8% during the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after acquiring an additional 567,059 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Company Profile

(Get Free Report)

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.

See Also