Zacks Research Reduces Earnings Estimates for Valero Energy

Valero Energy Co. (NYSE:VLO) – Analysts at Zacks Research dropped their FY2024 earnings estimates for Valero Energy in a report released on Thursday, December 12th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $8.94 per share for the year, down from their prior 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 equities analysts also recently issued reports about the stock. TD Cowen decreased their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Wells Fargo & Company cut their price objective on Valero Energy from $165.00 to $160.00 and set an “overweight” rating for the company in a research note on Monday, December 9th. Bank of America assumed 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. Finally, Piper Sandler cut Valero Energy from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus price target of $155.50.

Valero Energy Stock Performance

NYSE VLO opened at $129.14 on Monday. The stock has a market capitalization of $40.88 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.39. The stock has a 50-day moving average of $136.27 and a 200 day moving average of $143.19. 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 twelve month low of $124.02 and a twelve month high of $184.79.

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

Valero Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.31%. Valero Energy’s dividend payout ratio is currently 38.39%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. International Private Wealth Advisors LLC lifted its stake in Valero Energy by 3.4% in the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock worth $309,000 after acquiring an additional 65 shares during the last quarter. OmniStar Financial Group Inc. increased its holdings in Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock valued at $712,000 after buying an additional 70 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in Valero Energy by 5.5% during the 2nd quarter. Everhart Financial Group Inc. now owns 1,366 shares of the oil and gas company’s stock worth $214,000 after buying an additional 71 shares during the last quarter. St. Johns Investment Management Company LLC lifted its holdings in Valero Energy by 1.4% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 5,068 shares of the oil and gas company’s stock worth $794,000 after buying an additional 72 shares during the last quarter. Finally, Magnus Financial Group LLC increased its holdings in shares of Valero Energy by 4.3% in the 2nd quarter. Magnus Financial Group LLC now owns 1,752 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 73 shares during the last quarter. 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.