Research Analysts Set Expectations for Valero Energy Co.’s Q1 2024 Earnings (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) – Analysts at Zacks Research lifted their Q1 2024 earnings per share (EPS) estimates for Valero Energy in a 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.

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

Several other research analysts have also recently commented on VLO. Barclays raised their target price on Valero Energy from $149.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Raymond James raised their target price on Valero Energy from $154.00 to $155.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 26th. The Goldman Sachs Group raised their target price on Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research report on Friday, March 22nd. 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. Finally, Piper Sandler increased their price objective on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy Stock Up 1.0 %

Shares of VLO stock opened at $167.51 on Tuesday. The stock has a market cap of $55.69 billion, a P/E ratio of 6.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. Valero Energy has a one year low of $104.18 and a one year high of $184.79. The stock has a fifty day moving average price of $159.52 and a 200 day moving average price of $139.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11.

Institutional Trading of Valero Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors bought a new position in Valero Energy during the third quarter worth about $228,000. SG Americas Securities LLC lifted its holdings in shares of Valero Energy by 23.3% during the 3rd quarter. SG Americas Securities LLC now owns 22,569 shares of the oil and gas company’s stock valued at $3,198,000 after purchasing an additional 4,272 shares in the last quarter. RFG Advisory LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at about $293,000. 1900 Wealth Management LLC lifted its holdings in shares of Valero Energy by 4.5% during the 3rd quarter. 1900 Wealth Management LLC now owns 2,866 shares of the oil and gas company’s stock valued at $406,000 after purchasing an additional 124 shares in the last quarter. Finally, Mach 1 Financial Group LLC bought a new position in shares of Valero Energy during the 3rd quarter valued at about $749,000. 78.69% of the stock is currently owned by institutional investors and hedge funds.

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.