Valero Energy Co. (NYSE:VLO) – Equities research analysts at Piper Jaffray Companies issued their Q3 2019 earnings per share (EPS) estimates for Valero Energy in a research report issued to clients and investors on Tuesday, August 6th, according to Zacks Investment Research. Piper Jaffray Companies analyst P. Flam forecasts that the oil and gas company will earn $1.82 per share for the quarter. Piper Jaffray Companies also issued estimates for Valero Energy’s Q4 2019 earnings at $1.47 EPS, FY2019 earnings at $5.14 EPS, Q1 2020 earnings at $1.52 EPS, Q2 2020 earnings at $3.07 EPS, Q3 2020 earnings at $2.64 EPS, Q4 2020 earnings at $1.74 EPS and FY2020 earnings at $8.97 EPS.
Other equities analysts also recently issued reports about the stock. Goldman Sachs Group upgraded shares of Valero Energy from a “neutral” rating to a “buy” rating and decreased their price target for the company from $96.00 to $92.00 in a research note on Thursday, June 6th. ValuEngine downgraded shares of Valero Energy from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upgraded shares of Valero Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $102.00 to $105.00 in a research note on Tuesday, May 14th. Royal Bank of Canada set a $98.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Wells Fargo & Co set a $107.00 price target on shares of Valero Energy and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $105.47.
Shares of VLO traded up $0.04 during trading hours on Thursday, hitting $75.28. The company had a trading volume of 2,365,411 shares, compared to its average volume of 3,316,832. The company has a quick ratio of 0.92, a current ratio of 1.42 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $80.20 and a 200-day moving average of $82.30. Valero Energy has a 12 month low of $68.81 and a 12 month high of $121.72. The firm has a market cap of $30.15 billion, a price-to-earnings ratio of 10.21, a PEG ratio of 1.82 and a beta of 1.48.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.14. The company had revenue of $28.93 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lee Financial Group Hawaii Inc. raised its holdings in Valero Energy by 0.8% during the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 48,496 shares of the oil and gas company’s stock worth $4,152,000 after purchasing an additional 382 shares during the last quarter. Adams Natural Resources Fund Inc. raised its holdings in Valero Energy by 76.6% during the 2nd quarter. Adams Natural Resources Fund Inc. now owns 206,400 shares of the oil and gas company’s stock worth $17,670,000 after purchasing an additional 89,500 shares during the last quarter. Thomasville National Bank bought a new position in Valero Energy during the 2nd quarter worth approximately $1,606,000. First Mercantile Trust Co. raised its holdings in Valero Energy by 615.9% during the 1st quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 4,804 shares during the last quarter. Finally, Allen Capital Group LLC raised its holdings in Valero Energy by 11.6% during the 2nd quarter. Allen Capital Group LLC now owns 9,268 shares of the oil and gas company’s stock worth $793,000 after purchasing an additional 962 shares during the last quarter. Institutional investors and hedge funds own 78.80% of the company’s stock.
The firm also recently disclosed 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. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.78%. Valero Energy’s dividend payout ratio (DPR) is presently 48.85%.
Valero Energy Company Profile
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.