Q3 2024 EPS Estimates for Valero Energy Co. Lowered by Analyst (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) – Research analysts at Zacks Research dropped their Q3 2024 earnings per share estimates for shares of Valero Energy in a research report issued on Monday, September 30th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $1.81 for the quarter, down from their prior estimate of $2.15. The consensus estimate for Valero Energy’s current full-year earnings is $10.13 per share. Zacks Research also issued estimates for Valero Energy’s Q4 2024 earnings at $2.11 EPS, FY2024 earnings at $10.45 EPS, Q1 2025 earnings at $2.21 EPS, Q2 2025 earnings at $3.15 EPS, Q3 2025 earnings at $1.88 EPS, Q4 2025 earnings at $2.43 EPS, FY2025 earnings at $9.67 EPS and Q2 2026 earnings at $1.99 EPS.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $5.40 EPS.

Several other research analysts have also commented on the company. Wells Fargo & Company lifted their price target on Valero Energy from $165.00 to $172.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 3rd. Mizuho reduced their price target on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. Barclays reduced their price target on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price target on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Finally, StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average target price of $165.20.

Valero Energy Trading Down 1.1 %

Shares of VLO stock opened at $142.42 on Thursday. The stock’s fifty day moving average is $142.67 and its two-hundred day moving average is $153.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. The firm has a market capitalization of $46.57 billion, a P/E ratio of 7.05, a PEG ratio of 3.35 and a beta of 1.39. Valero Energy has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Valero Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 1st. Valero Energy’s dividend payout ratio is currently 21.20%.

Hedge Funds Weigh In On Valero Energy

Several institutional investors have recently bought and sold shares of VLO. MGO One Seven LLC boosted its stake in shares of Valero Energy by 198.8% in the 4th quarter. MGO One Seven LLC now owns 16,605 shares of the oil and gas company’s stock valued at $2,159,000 after buying an additional 11,047 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at about $15,945,000. CIBC Private Wealth Group LLC boosted its stake in shares of Valero Energy by 62.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock valued at $1,766,000 after buying an additional 5,209 shares during the period. 180 Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 2nd quarter valued at about $535,000. Finally, UniSuper Management Pty Ltd boosted its stake in shares of Valero Energy by 223.1% in the 1st quarter. UniSuper Management Pty Ltd now owns 10,796 shares of the oil and gas company’s stock valued at $1,843,000 after buying an additional 7,455 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

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.