Valero Energy Co. (NYSE:VLO) – Piper Jaffray Companies lifted their FY2020 earnings per share estimates for shares of Valero Energy in a report released on Sunday, November 3rd. Piper Jaffray Companies analyst P. Flam now forecasts that the oil and gas company will earn $9.90 per share for the year, up from their previous estimate of $9.27. Piper Jaffray Companies also issued estimates for Valero Energy’s Q1 2021 earnings at $1.40 EPS, Q2 2021 earnings at $3.18 EPS and Q3 2021 earnings at $3.00 EPS.

A number of other equities research analysts have also commented on the company. Morgan Stanley increased their price target on Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Co increased their price objective on Valero Energy from $107.00 to $108.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, ValuEngine lowered Valero Energy from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $103.22.

NYSE VLO opened at $100.35 on Tuesday. The firm has a market cap of $41.38 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.49. Valero Energy has a one year low of $68.81 and a one year high of $101.99. The stock’s 50 day simple moving average is $90.04 and its 200 day simple moving average is $83.14. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.42 and a quick ratio of 0.92.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.13. The business had revenue of $27.25 billion for the quarter, compared to analyst estimates of $25.93 billion. Valero Energy had a return on equity of 10.31% and a net margin of 2.12%. Valero Energy’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.01 EPS.

Several large investors have recently bought and sold shares of VLO. Marshall Wace LLP bought a new position in shares of Valero Energy in the 1st quarter worth $90,000. Thomasville National Bank bought a new position in shares of Valero Energy in the 2nd quarter worth $1,606,000. Private Trust Co. NA boosted its position in shares of Valero Energy by 11.4% in the 2nd quarter. Private Trust Co. NA now owns 3,380 shares of the oil and gas company’s stock worth $289,000 after purchasing an additional 347 shares during the last quarter. Fulton Bank N.A. boosted its position in shares of Valero Energy by 45.7% in the 2nd quarter. Fulton Bank N.A. now owns 12,057 shares of the oil and gas company’s stock worth $1,032,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Montecito Bank & Trust boosted its position in shares of Valero Energy by 6.9% in the 2nd quarter. Montecito Bank & Trust now owns 6,132 shares of the oil and gas company’s stock worth $525,000 after purchasing an additional 395 shares during the last quarter. Institutional investors and hedge funds own 76.11% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Wednesday, November 20th will be given a $0.90 dividend. The ex-dividend date is Tuesday, November 19th. This represents a $3.60 dividend on an annualized basis and a yield of 3.59%. Valero Energy’s payout ratio is 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.

Further Reading: Cost of Debt

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

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