Valero Energy (VLO) Set to Announce Quarterly Earnings on Thursday

Valero Energy (NYSE:VLO) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Valero Energy to post earnings of $3.88 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business had revenue of $35.41 billion for the quarter, compared to the consensus estimate of $34.76 billion. During the same period in the previous year, the firm earned $8.45 EPS. The business’s revenue for the quarter was down 15.2% on a year-over-year basis. On average, analysts expect Valero Energy to post $17 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Valero Energy Stock Down 1.0 %

NYSE VLO opened at $167.26 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. The company’s 50 day simple moving average is $157.71 and its 200 day simple moving average is $138.95. Valero Energy has a 12 month low of $104.18 and a 12 month high of $184.79. The company has a market capitalization of $55.61 billion, a P/E ratio of 6.76, a PEG ratio of 1.65 and a beta of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ethic Inc. boosted its stake in Valero Energy by 4.6% during the 4th quarter. Ethic Inc. now owns 1,892 shares of the oil and gas company’s stock worth $246,000 after acquiring an additional 83 shares during the last quarter. Atlas Capital Advisors LLC raised its holdings in Valero Energy by 1.7% during the 4th quarter. Atlas Capital Advisors LLC now owns 6,181 shares of the oil and gas company’s stock worth $784,000 after buying an additional 101 shares during the period. Hilltop Holdings Inc. raised its holdings in Valero Energy by 4.8% during the 2nd quarter. Hilltop Holdings Inc. now owns 2,266 shares of the oil and gas company’s stock worth $266,000 after buying an additional 103 shares during the period. Alaethes Wealth LLC raised its holdings in Valero Energy by 0.9% during the 1st quarter. Alaethes Wealth LLC now owns 11,239 shares of the oil and gas company’s stock worth $1,569,000 after buying an additional 103 shares during the period. Finally, Brighton Jones LLC raised its holdings in shares of Valero Energy by 3.7% in the first quarter. Brighton Jones LLC now owns 3,031 shares of the oil and gas company’s stock valued at $308,000 after purchasing an additional 107 shares during the last quarter. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on VLO. Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $156.00 to $210.00 in a report on Friday, March 15th. TD Cowen upped their price objective on shares of Valero Energy from $175.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Barclays upped their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. The Goldman Sachs Group upped their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research note on Friday, March 22nd. Finally, Piper Sandler upped their price objective on shares of Valero Energy from $161.00 to $198.00 and gave the company an “overweight” rating in a research note on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $172.40.

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.