Valero Energy Co. (NYSE:VLO) Expected to Announce Earnings of $0.76 Per Share

Brokerages predict that Valero Energy Co. (NYSE:VLO) will announce earnings of $0.76 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Valero Energy’s earnings, with the lowest EPS estimate coming in at $0.51 and the highest estimate coming in at $0.97. Valero Energy posted earnings per share of ($1.25) in the same quarter last year, which would indicate a positive year-over-year growth rate of 160.8%. The company is expected to issue its next earnings results on Thursday, July 29th.

According to Zacks, analysts expect that Valero Energy will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $0.17 to $1.95. For the next financial year, analysts anticipate that the company will report earnings of $6.08 per share, with EPS estimates ranging from $4.82 to $7.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Valero Energy.

Valero Energy (NYSE:VLO) last issued its earnings results on Wednesday, April 21st. The oil and gas company reported ($1.73) EPS for the quarter, topping analysts’ consensus estimates of ($1.91) by $0.18. The company had revenue of $20.81 billion for the quarter, compared to the consensus estimate of $17.42 billion. Valero Energy had a negative net margin of 0.43% and a negative return on equity of 10.68%. Valero Energy’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.34 earnings per share.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group boosted their price target on shares of Valero Energy from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday, April 12th. Raymond James upgraded shares of Valero Energy from an “outperform” rating to a “strong-buy” rating and set a $96.00 price objective for the company in a report on Friday, April 16th. Royal Bank of Canada lifted their price objective on shares of Valero Energy from $82.00 to $94.00 and gave the company an “outperform” rating in a report on Tuesday, April 27th. Piper Sandler lifted their price objective on shares of Valero Energy from $70.00 to $80.00 and gave the company an “overweight” rating in a report on Thursday, April 1st. Finally, Citigroup dropped their price objective on shares of Valero Energy from $121.00 to $119.00 and set a “buy” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and an average price target of $84.71.

Shares of Valero Energy stock traded up $0.01 on Thursday, reaching $81.94. The company had a trading volume of 2,902,406 shares, compared to its average volume of 3,833,159. The business has a 50 day simple moving average of $76.65. The stock has a market cap of $33.49 billion, a price-to-earnings ratio of -120.48, a PEG ratio of 14.67 and a beta of 2.17. Valero Energy has a 52-week low of $35.44 and a 52-week high of $84.95. The company has a current ratio of 1.43, a quick ratio of 0.95 and a debt-to-equity ratio of 0.74.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 8th. Shareholders of record on Monday, May 17th were issued a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 4.78%. The ex-dividend date was Friday, May 14th. Valero Energy’s dividend payout ratio (DPR) is presently -125.64%.

Several large investors have recently modified their holdings of VLO. Sittner & Nelson LLC purchased a new stake in shares of Valero Energy during the 4th quarter worth approximately $25,000. CVA Family Office LLC purchased a new stake in shares of Valero Energy during the 1st quarter worth approximately $25,000. Glassman Wealth Services lifted its position in shares of Valero Energy by 120.6% during the 4th quarter. Glassman Wealth Services now owns 503 shares of the oil and gas company’s stock worth $28,000 after buying an additional 275 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in shares of Valero Energy by 55.0% during the 1st quarter. Loomis Sayles & Co. L P now owns 417 shares of the oil and gas company’s stock worth $30,000 after buying an additional 148 shares during the last quarter. Finally, Harbour Investments Inc. purchased a new stake in shares of Valero Energy during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 76.53% of the company’s stock.

About Valero Energy

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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