Scotiabank Estimates Valero Energy FY2024 Earnings

Valero Energy Co. (NYSE:VLO) – Research analysts at Scotiabank issued their FY2024 EPS estimates for shares of Valero Energy in a research note issued on Wednesday, January 8th. Scotiabank analyst P. Cheng anticipates that the oil and gas company will post earnings per share of $8.65 for the year. Scotiabank currently has a “Sector Outperform” rating and a $141.00 target price on the stock. The consensus estimate for Valero Energy’s current full-year earnings is $8.86 per share. Scotiabank also issued estimates for Valero Energy’s FY2025 earnings at $9.45 EPS.

A number of other research firms have also recently issued reports on VLO. Bank of America began coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 10th. TD Cowen decreased their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Barclays cut their price target on Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, Citigroup decreased their price objective on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Valero Energy has an average rating of “Moderate Buy” and an average target price of $154.57.

Valero Energy Trading Up 0.6 %

NYSE:VLO opened at $134.18 on Monday. The firm has a market capitalization of $42.48 billion, a P/E ratio of 12.03, a P/E/G ratio of 2.43 and a beta of 1.42. The business has a 50 day simple moving average of $131.10 and a 200 day simple moving average of $138.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy has a 12-month low of $116.84 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a return on equity of 13.07% and a net margin of 2.74%. Valero Energy’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.49 earnings per share.

Valero Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Wednesday, November 20th were given a $1.07 dividend. This represents a $4.28 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Wednesday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 38.39%.

Institutional Trading of Valero Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in VLO. Charles Schwab Investment Management Inc. lifted its position in shares of Valero Energy by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,287,269 shares of the oil and gas company’s stock valued at $1,389,090,000 after acquiring an additional 50,837 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Valero Energy by 2.8% during the second quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock valued at $1,090,532,000 after purchasing an additional 192,397 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Valero Energy by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,687,585 shares of the oil and gas company’s stock valued at $639,268,000 after purchasing an additional 247,630 shares during the period. Dimensional Fund Advisors LP increased its stake in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after purchasing an additional 237,347 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock worth $484,105,000 after purchasing an additional 567,059 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

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.