Valero Energy (NYSE:VLO) Issues Q1 2021 Pre-Market Earnings Guidance

Valero Energy (NYSE:VLO) updated its first quarter 2021
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of -2.05–1.81 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.76.

A number of research firms have commented on VLO. Wells Fargo & Company upped their price target on Valero Energy from $70.00 to $99.00 and gave the company an overweight rating in a research report on Thursday, February 25th. Citigroup increased their target price on Valero Energy from $70.00 to $95.00 and gave the stock a buy rating in a research report on Tuesday, March 2nd. Raymond James increased their target price on Valero Energy from $69.00 to $96.00 and gave the stock an outperform rating in a research report on Tuesday, March 23rd. Piper Sandler increased their target price on Valero Energy from $70.00 to $80.00 and gave the stock an overweight rating in a research report on Thursday, April 1st. Finally, Mizuho increased their target price on Valero Energy from $50.00 to $86.00 and gave the stock a buy rating in a research report on Friday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $77.25.

Valero Energy stock opened at $74.41 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.90 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $30.40 billion, a P/E ratio of -2,479.51, a PEG ratio of 84.85 and a beta of 2.14. The stock’s 50 day moving average is $75.49 and its 200 day moving average is $57.91. Valero Energy has a twelve month low of $35.44 and a twelve month high of $84.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) earnings per share for the quarter, topping the consensus estimate of ($1.48) by $0.42. The company had revenue of $16.60 billion during the quarter, compared to analysts’ expectations of $13.87 billion. During the same quarter in the previous year, the company earned $2.13 EPS. The business’s quarterly revenue was down 40.4% on a year-over-year basis. As a group, equities analysts expect that Valero Energy will post -3.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 4th. Shareholders of record on Thursday, February 11th were paid a dividend of $0.98 per share. The ex-dividend date of this dividend was Wednesday, February 10th. This represents a $3.92 annualized dividend and a yield of 5.27%. Valero Energy’s dividend payout ratio is 68.77%.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Earnings History and Estimates for Valero Energy (NYSE:VLO)

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