Valero Energy (NYSE:VLO) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Valero Energy (NYSE:VLO) issued its quarterly earnings data on Thursday. The oil and gas company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.98 by $0.16, RTT News reports. The firm had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company’s quarterly revenue was down 14.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.49 earnings per share.

Valero Energy Stock Performance

VLO opened at $131.36 on Friday. The stock has a market capitalization of $42.09 billion, a price-to-earnings ratio of 7.51, a PEG ratio of 3.53 and a beta of 1.39. The company has a fifty day moving average of $138.91 and a 200 day moving average of $150.60. Valero Energy has a fifty-two week low of $119.88 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on VLO shares. The Goldman Sachs Group decreased their price target on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Bank of America started coverage on shares of Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price target for the company. Barclays decreased their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a research note on Wednesday, October 2nd. Finally, Piper Sandler downgraded shares of Valero Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $169.00 to $123.00 in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.60.

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.