Erste Group Bank Boosts Earnings Estimates for Valero Energy

Valero Energy Corporation (NYSE:VLO) – Investment analysts at Erste Group Bank increased their FY2027 EPS estimates for shares of Valero Energy in a research note issued on Friday, June 5th. Erste Group Bank analyst H. Engel now expects that the oil and gas company will post earnings of $20.59 per share for the year, up from their prior forecast of $18.94. The consensus estimate for Valero Energy’s current full-year earnings is $26.55 per share.

A number of other brokerages also recently issued reports on VLO. Wall Street Zen raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 4th. BMO Capital Markets lifted their target price on shares of Valero Energy from $230.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Barclays boosted their price objective on Valero Energy from $184.00 to $261.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Wolfe Research restated an “underperform” rating and issued a $203.00 price objective on shares of Valero Energy in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and an average target price of $243.65.

Valero Energy Trading Down 1.1%

Shares of VLO stock opened at $255.03 on Friday. Valero Energy has a 1 year low of $130.78 and a 1 year high of $265.61. The firm has a fifty day moving average price of $245.17 and a 200-day moving average price of $212.22. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $75.73 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 0.38 and a beta of 0.55.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The firm had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Valero Energy’s payout ratio is presently 34.88%.

Institutional Trading of Valero Energy

Hedge funds have recently bought and sold shares of the stock. Whipplewood Advisors LLC lifted its stake in Valero Energy by 3,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 102 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Valero Energy in the 3rd quarter worth $27,000. Financial Life Planners purchased a new stake in Valero Energy in the 1st quarter worth $28,000. Valued Wealth Advisors LLC lifted its stake in Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 67 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in Valero Energy in the 4th quarter worth $30,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.