Valero Energy Co. (NYSE:VLO) – Stock analysts at US Capital Advisors reduced their FY2019 earnings per share estimates for shares of Valero Energy in a report issued on Wednesday, October 16th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings of $4.21 per share for the year, down from their previous estimate of $4.50. US Capital Advisors also issued estimates for Valero Energy’s Q1 2020 earnings at $1.40 EPS and Q3 2020 earnings at $3.34 EPS.
VLO has been the subject of several other reports. Wells Fargo & Co upped their price target on Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price target on Valero Energy from $96.00 to $83.00 and set an “overweight” rating for the company in a research note on Tuesday, September 10th. ValuEngine upgraded Valero Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada set a $98.00 price target on Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Valero Energy currently has an average rating of “Buy” and a consensus target price of $103.56.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.31% and a net margin of 2.27%. The business had revenue of $28.93 billion during the quarter, compared to the consensus estimate of $25.45 billion. During the same period in the prior year, the company posted $2.15 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the company. Archford Capital Strategies LLC raised its holdings in Valero Energy by 122.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the period. Mechanics Bank Trust Department purchased a new stake in Valero Energy during the 3rd quarter valued at $31,000. Stonebridge Capital Advisors LLC purchased a new stake in Valero Energy during the 2nd quarter valued at $32,000. Titan Capital Management LLC CA purchased a new stake in Valero Energy during the 2nd quarter valued at $32,000. Finally, Griffin Asset Management Inc. purchased a new stake in Valero Energy during the 2nd quarter valued at $34,000. 76.22% of the stock is currently owned by institutional investors and hedge funds.
Valero Energy Company Profile
Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.
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