Valero Energy (NYSE:VLO) Issues Quarterly Earnings Results

Valero Energy (NYSE:VLO) issued its earnings results on Thursday. The oil and gas company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.27), Zacks reports. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. The business had revenue of $28.76 billion during the quarter, compared to analyst estimates of $28.54 billion.

Valero Energy Stock Down 1.0 %

Shares of NYSE:VLO opened at $113.34 on Friday. Valero Energy has a 1 year low of $99.00 and a 1 year high of $168.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. The business’s 50-day moving average is $123.59 and its 200-day moving average is $130.02. The company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 2.93 and a beta of 1.17.

Analyst Ratings Changes

VLO has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Wells Fargo & Company dropped their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Raymond James decreased their price target on shares of Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 9th. Tudor Pickering upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Mizuho cut their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. 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 two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.93.

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.