Valero Energy (NYSE:VLO) Updates Q1 2021 Pre-Market Earnings Guidance

Valero Energy (NYSE:VLO) issued an update on its first quarter 2021
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of -2.05–1.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.76.

NYSE VLO opened at $74.41 on Thursday. The company has a 50 day simple moving average of $75.49 and a 200-day simple moving average of $57.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.90 and a quick ratio of 1.24. The firm has a market capitalization of $30.40 billion, a price-to-earnings ratio of -2,479.51, a price-to-earnings-growth ratio of 84.85 and a beta of 2.14. Valero Energy has a 52-week low of $35.44 and a 52-week high of $84.39.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, January 28th. The oil and gas company reported ($1.06) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.48) by $0.42. The business had revenue of $16.60 billion for the quarter, compared to the consensus estimate of $13.87 billion. The business’s revenue was down 40.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.13 earnings per share. On average, analysts predict that Valero Energy will post -3.6 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 4th. Investors of record on Thursday, February 11th were issued a dividend of $0.98 per share. The ex-dividend date was Wednesday, February 10th. This represents a $3.92 dividend on an annualized basis and a yield of 5.27%. Valero Energy’s dividend payout ratio (DPR) is currently 68.77%.

VLO has been the topic of a number of recent analyst reports. Tudor Pickering upgraded Valero Energy from a hold rating to a buy rating and set a $87.00 price target on the stock in a report on Monday. Citigroup lifted their price target on Valero Energy from $70.00 to $95.00 and gave the stock a buy rating in a report on Tuesday, March 2nd. Wells Fargo & Company lifted their price target on Valero Energy from $70.00 to $99.00 and gave the stock an overweight rating in a report on Thursday, February 25th. Morgan Stanley boosted their target price on Valero Energy from $74.00 to $100.00 and gave the company an overweight rating in a research note on Wednesday, March 17th. Finally, Zacks Investment Research lowered Valero Energy from a buy rating to a hold rating and set a $81.00 target price on the stock. in a research note on Wednesday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and fourteen have given a buy rating to the company. Valero Energy currently has a consensus rating of Buy and an average target price of $77.25.

Valero Energy Company Profile

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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