Valero Energy FY2024 EPS Estimate Reduced by Zacks Research

Valero Energy Co. (NYSE:VLO) – Investment analysts at Zacks Research cut their FY2024 earnings estimates for shares of Valero Energy in a research report issued on Thursday, December 12th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $8.94 for the year, down from their previous forecast 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.

Other analysts have also recently issued research reports about the stock. Barclays lowered their target price 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. Wells Fargo & Company dropped their target price on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Monday, December 9th. Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. TD Cowen lowered their price target on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Finally, Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and a consensus price target of $155.07.

Valero Energy Price Performance

Shares of VLO stock opened at $125.07 on Monday. The company has a market capitalization of $39.60 billion, a P/E ratio of 11.22, a P/E/G ratio of 2.43 and a beta of 1.39. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy has a 12 month low of $124.02 and a 12 month high of $184.79. The stock has a 50 day moving average of $135.89 and a two-hundred day moving average of $143.00.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The firm had revenue of $32.88 billion during the quarter, compared to analysts’ expectations of $31.04 billion. During the same period in the prior year, the company earned $7.49 EPS. The business’s quarterly revenue was down 14.4% compared to the same quarter last year.

Institutional Trading of Valero Energy

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

Valero Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 20th will be issued 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 3.42%. 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.