Q1 2024 EPS Estimates for Valero Energy Co. Raised by Zacks Research (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) – Equities researchers at Zacks Research raised their Q1 2024 EPS estimates for Valero Energy in a research note issued to investors on Monday, April 22nd. Zacks Research analyst R. Department now expects that the oil and gas company will earn $3.08 per share for the quarter, up from their previous estimate of $3.05. The consensus estimate for Valero Energy’s current full-year earnings is $18.25 per share. Zacks Research also issued estimates for Valero Energy’s Q2 2024 earnings at $5.06 EPS, Q3 2024 earnings at $4.86 EPS, Q4 2024 earnings at $3.15 EPS, FY2024 earnings at $16.15 EPS, Q1 2025 earnings at $3.56 EPS, Q2 2025 earnings at $3.67 EPS, Q3 2025 earnings at $3.47 EPS, Q4 2025 earnings at $2.17 EPS, FY2025 earnings at $12.87 EPS, Q1 2026 earnings at $2.80 EPS and FY2026 earnings at $11.21 EPS.

Several other research firms have also issued reports on VLO. Raymond James increased their target price on shares of Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. Mizuho lowered shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. UBS Group increased their target price on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research note on Tuesday, March 26th. TD Cowen increased their target price on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Bank of America upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $156.00 to $210.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $173.63.

Valero Energy Trading Up 1.0 %

VLO stock opened at $167.51 on Tuesday. The company’s 50-day simple moving average is $159.52 and its 200-day simple moving average is $139.96. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. Valero Energy has a 52-week low of $104.18 and a 52-week high of $184.79. The firm has a market cap of $55.69 billion, a P/E ratio of 6.77, a PEG ratio of 1.50 and a beta of 1.54.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 25th. The oil and gas company reported $3.55 EPS for the quarter, beating the consensus estimate of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The company had revenue of $35.41 billion for the quarter, compared to analyst estimates of $34.76 billion. During the same period in the prior year, the company earned $8.45 earnings per share. The firm’s revenue was down 15.2% on a year-over-year basis.

Institutional Trading of Valero Energy

Hedge funds have recently bought and sold shares of the business. BKM Wealth Management LLC acquired a new stake in Valero Energy in the 4th quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth approximately $28,000. Rise Advisors LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $36,000. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Valero Energy Company Profile

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.