Valero Energy (NYSE:VLO) Announces Earnings Results

Valero Energy (NYSE:VLO) announced its quarterly earnings results on Thursday. The oil and gas company reported ($1.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.41) by $0.16, MarketWatch Earnings reports. Valero Energy had a return on equity of 5.26% and a net margin of 1.22%. The company had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $11.46 billion. During the same period in the previous year, the company posted $1.51 earnings per share. Valero Energy’s revenue for the quarter was down 64.1% on a year-over-year basis.

Shares of NYSE:VLO opened at $56.23 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $57.93 and a two-hundred day moving average of $63.78. The stock has a market cap of $22.92 billion, a P/E ratio of 20.83 and a beta of 1.96. Valero Energy has a 52-week low of $31.00 and a 52-week high of $101.99.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 4th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 6.97%. The ex-dividend date of this dividend is Monday, August 3rd. Valero Energy’s payout ratio is currently 68.77%.

A number of research analysts have issued reports on VLO shares. Jefferies Financial Group raised Valero Energy from a “hold” rating to a “buy” rating and decreased their price target for the company from $65.00 to $62.00 in a report on Monday, July 20th. Raymond James reduced their target price on Valero Energy from $73.00 to $69.00 and set an “outperform” rating for the company in a research note on Thursday, July 9th. JPMorgan Chase & Co. upped their target price on Valero Energy from $71.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Mizuho reduced their target price on Valero Energy from $85.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Valero Energy in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.14.

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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Earnings History for Valero Energy (NYSE:VLO)

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