Zacks: Analysts Expect Valero Energy Co. (NYSE:VLO) to Post $1.76 Earnings Per Share

Analysts predict that Valero Energy Co. (NYSE:VLO) will report earnings per share (EPS) of $1.76 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Valero Energy’s earnings, with estimates ranging from $1.48 to $2.11. Valero Energy posted earnings of $2.01 per share in the same quarter last year, which suggests a negative year over year growth rate of 12.4%. The business is expected to announce its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Valero Energy will report full year earnings of $5.20 per share for the current financial year, with EPS estimates ranging from $4.25 to $6.13. For the next fiscal year, analysts anticipate that the company will report earnings of $9.96 per share, with EPS estimates ranging from $7.77 to $12.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Valero Energy.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.14. The firm had revenue of $28.93 billion for the quarter, compared to analysts’ expectations of $25.45 billion. Valero Energy had a net margin of 2.27% and a return on equity of 11.31%. The company’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 EPS.

A number of analysts have issued reports on the stock. Raymond James boosted their price target on shares of Valero Energy from $100.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada set a $98.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and cut their target price for the stock from $96.00 to $92.00 in a research note on Thursday, June 6th. Wells Fargo & Co set a $107.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine lowered shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $105.47.

A number of institutional investors and hedge funds have recently made changes to their positions in VLO. Advisory Alpha LLC acquired a new position in Valero Energy in the first quarter valued at approximately $27,000. Archford Capital Strategies LLC boosted its holdings in shares of Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after acquiring an additional 200 shares during the period. Titan Capital Management LLC CA acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Stonebridge Capital Advisors LLC acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $32,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Valero Energy in the second quarter valued at approximately $34,000. 78.80% of the stock is owned by hedge funds and other institutional investors.

Shares of VLO stock traded up $0.07 on Friday, hitting $78.47. 4,835 shares of the stock traded hands, compared to its average volume of 3,474,337. The stock has a market capitalization of $33.03 billion, a PE ratio of 10.70, a PEG ratio of 1.92 and a beta of 1.48. Valero Energy has a twelve month low of $68.81 and a twelve month high of $122.42. The firm’s 50-day moving average price is $81.60 and its two-hundred day moving average price is $82.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.92 and a current ratio of 1.42.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Monday, August 5th. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

About Valero Energy

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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