Valero Energy (NYSE:VLO) Announces Quarterly Earnings Results, Beats Expectations By $0.64 EPS

Valero Energy (NYSE:VLO) announced its quarterly earnings data on Thursday. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.64, Briefing.com reports. The firm had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.95% and a net margin of 5.01%. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $8.27 EPS.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $165.80 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56. The firm has a market cap of $55.13 billion, a price-to-earnings ratio of 8.21, a P/E/G ratio of 1.51 and a beta of 1.54. The business’s 50-day simple moving average is $161.07 and its 200-day simple moving average is $140.68. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Citigroup increased their price objective on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. JPMorgan Chase & Co. raised their price target on Valero Energy from $177.00 to $178.00 and gave the stock an “overweight” rating in a research note on Monday, April 1st. Raymond James raised their price target on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 26th. TD Cowen raised their price target on Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Mizuho downgraded Valero Energy from a “buy” rating to a “neutral” rating and raised their price target for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $173.63.

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.