Valero Energy (NYSE:VLO) Issues Quarterly Earnings Results

Valero Energy (NYSE:VLO) released its quarterly earnings data on Thursday. The oil and gas company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64, Briefing.com reports. Valero Energy had a return on equity of 31.62% and a net margin of 6.10%. The company had revenue of $31.76 billion for the quarter, compared to the consensus estimate of $32.02 billion. During the same period last year, the business posted $8.27 EPS. The company’s quarterly revenue was down 12.8% compared to the same quarter last year.

Valero Energy Stock Down 0.6 %

Shares of NYSE:VLO traded down $1.00 during midday trading on Friday, reaching $166.13. The company had a trading volume of 1,202,475 shares, compared to its average volume of 3,280,586. The stock has a market capitalization of $55.23 billion, a P/E ratio of 6.71, a PEG ratio of 1.52 and a beta of 1.54. The stock’s fifty day moving average price is $160.54 and its 200-day moving average price is $140.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.56 and a quick ratio of 1.11. Valero Energy has a one year low of $104.18 and a one year high of $184.79.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on VLO shares. Scotiabank boosted their price objective on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Barclays raised their price objective on Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. TD Cowen boosted their price objective on Valero Energy from $175.00 to $190.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their target price on Valero Energy from $177.00 to $178.00 and gave the company an “overweight” rating in a research note on Monday, April 1st. Finally, Piper Sandler boosted their price target on Valero Energy from $161.00 to $198.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $173.63.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.