Valero Energy Co. (NYSE:VLO) – Analysts at US Capital Advisors upped their FY2018 earnings estimates for Valero Energy in a report released on Monday, October 15th. US Capital Advisors analyst C. Weiland now anticipates that the oil and gas company will post earnings of $6.43 per share for the year, up from their previous forecast of $6.42.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.17. The firm had revenue of $31.02 billion for the quarter, compared to the consensus estimate of $26.56 billion. Valero Energy had a net margin of 4.21% and a return on equity of 12.06%. The business’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.23 earnings per share.

Several other research analysts also recently issued reports on VLO. ValuEngine downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. JPMorgan Chase & Co. upped their target price on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Morgan Stanley upped their target price on shares of Valero Energy from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 31st. Mizuho initiated coverage on shares of Valero Energy in a research note on Wednesday, August 1st. They issued a “neutral” rating and a $125.00 target price on the stock. Finally, Citigroup upped their target price on shares of Valero Energy from $125.00 to $134.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eleven have given a buy rating to the company’s stock. Valero Energy presently has an average rating of “Hold” and an average price target of $116.18.

Shares of NYSE VLO opened at $92.76 on Thursday. The company has a market capitalization of $44.34 billion, a PE ratio of 18.70, a PEG ratio of 1.78 and a beta of 1.03. Valero Energy has a 52-week low of $75.84 and a 52-week high of $126.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.67.

In related news, Director Stephen M. Waters sold 1,000 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $116.76, for a total transaction of $116,760.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Cleararc Capital Inc. increased its holdings in Valero Energy by 57.8% during the second quarter. Cleararc Capital Inc. now owns 40,728 shares of the oil and gas company’s stock valued at $4,514,000 after buying an additional 14,913 shares during the last quarter. Bailard Inc. increased its holdings in Valero Energy by 62.1% during the second quarter. Bailard Inc. now owns 4,405 shares of the oil and gas company’s stock valued at $488,000 after buying an additional 1,687 shares during the last quarter. Richard Bernstein Advisors LLC increased its holdings in Valero Energy by 5.1% during the second quarter. Richard Bernstein Advisors LLC now owns 42,606 shares of the oil and gas company’s stock valued at $4,722,000 after buying an additional 2,079 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in Valero Energy by 16.5% during the second quarter. Canada Pension Plan Investment Board now owns 297,324 shares of the oil and gas company’s stock valued at $32,952,000 after buying an additional 42,100 shares during the last quarter. Finally, FMR LLC increased its holdings in Valero Energy by 71.1% during the second quarter. FMR LLC now owns 16,436,742 shares of the oil and gas company’s stock valued at $1,821,684,000 after buying an additional 6,831,581 shares during the last quarter. Institutional investors own 78.31% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. 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. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Earnings History and Estimates for Valero Energy (NYSE:VLO)

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