Valero Energy (VLO) Scheduled to Post Earnings on Thursday

Valero Energy (NYSE:VLO) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.88 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, January 25th. The oil and gas company reported $3.55 earnings per share for the quarter, topping analysts’ consensus estimates of $2.95 by $0.60. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The firm had revenue of $35.41 billion during the quarter, compared to analyst estimates of $34.76 billion. During the same period in the previous year, the business posted $8.45 EPS. The business’s quarterly revenue was down 15.2% on a year-over-year basis. On average, analysts expect Valero Energy to post $17 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Valero Energy Trading Down 1.0 %

NYSE:VLO opened at $167.26 on Thursday. The company has a fifty day moving average of $157.71 and a 200 day moving average of $138.95. Valero Energy has a 52 week low of $104.18 and a 52 week high of $184.79. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $55.61 billion, a P/E ratio of 6.76, a P/E/G ratio of 1.65 and a beta of 1.54.

Analysts Set New Price Targets

VLO has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Citigroup initiated coverage on shares of Valero Energy in a research report on Wednesday, January 24th. They set a “buy” rating on the stock. Barclays raised their price target on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a report on Wednesday, April 3rd. Mizuho cut shares of Valero Energy from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $150.00 to $173.00 in a research note on Friday, March 22nd. Finally, TD Cowen raised their target price on shares of Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.40.

Hedge Funds Weigh In On Valero Energy

A number of large investors have recently added to or reduced their stakes in VLO. Live Oak Investment Partners purchased a new stake in shares of Valero Energy during the fourth quarter worth about $26,000. Quarry LP boosted its position in Valero Energy by 1,676.9% in the first quarter. Quarry LP now owns 231 shares of the oil and gas company’s stock valued at $32,000 after buying an additional 218 shares during the last quarter. First Capital Advisors Group LLC. purchased a new stake in Valero Energy in the second quarter valued at approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Valero Energy in the first quarter valued at approximately $40,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in Valero Energy by 3,571.4% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 514 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 500 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Company Profile

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.