Valero Energy Co. (NYSE:VLO) – Investment analysts at US Capital Advisors dropped their FY2019 earnings per share (EPS) estimates for shares of Valero Energy in a research note issued to investors on Monday, April 15th. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings per share of $6.06 for the year, down from their prior estimate of $6.28. US Capital Advisors also issued estimates for Valero Energy’s Q1 2020 earnings at $2.07 EPS, Q3 2020 earnings at $3.20 EPS, Q4 2020 earnings at $2.19 EPS and FY2020 earnings at $11.32 EPS.
A number of other research firms also recently commented on VLO. Morgan Stanley boosted their target price on Valero Energy from $100.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday. Argus set a $110.00 target price on Valero Energy and gave the stock a “buy” rating in a research report on Tuesday, February 5th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Thursday, February 21st. Credit Suisse Group reiterated an “outperform” rating on shares of Valero Energy in a research report on Monday, March 25th. Finally, Macquarie upgraded Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 target price on the stock in a research report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $113.32.
VLO opened at $87.65 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.04 and a debt-to-equity ratio of 0.39. The firm has a market cap of $36.49 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 1.62 and a beta of 1.17. Valero Energy has a one year low of $68.81 and a one year high of $126.98.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 31st. The oil and gas company reported $2.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $1.09. The company had revenue of $28.73 billion for the quarter, compared to the consensus estimate of $23.26 billion. Valero Energy had a return on equity of 13.63% and a net margin of 2.67%.
In other Valero Energy news, Director Stephen M. Waters bought 500 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was purchased at an average cost of $84.97 per share, for a total transaction of $42,485.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.38% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC increased its stake in Valero Energy by 9.1% during the first quarter. Valeo Financial Advisors LLC now owns 1,384 shares of the oil and gas company’s stock worth $117,000 after acquiring an additional 116 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its stake in Valero Energy by 2.3% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 5,340 shares of the oil and gas company’s stock worth $453,000 after acquiring an additional 120 shares during the last quarter. Impax Asset Management Group plc increased its stake in Valero Energy by 2.4% during the fourth quarter. Impax Asset Management Group plc now owns 5,865 shares of the oil and gas company’s stock worth $440,000 after acquiring an additional 137 shares during the last quarter. First Manhattan Co. increased its stake in Valero Energy by 47.1% during the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after acquiring an additional 145 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its stake in Valero Energy by 6.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,562 shares of the oil and gas company’s stock worth $192,000 after acquiring an additional 149 shares during the last quarter. Hedge funds and other institutional investors own 79.20% of the company’s stock.
About Valero Energy
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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