Valero Energy (NYSE:VLO) Issues Earnings Results

Valero Energy (NYSE:VLO) released its earnings results on Thursday. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16, RTT News reports. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $32.88 billion for the quarter, compared to analyst estimates of $31.04 billion. During the same period in the prior year, the business earned $7.49 EPS. The firm’s quarterly revenue was down 14.4% on a year-over-year basis.

Valero Energy Stock Up 0.8 %

Shares of NYSE:VLO opened at $132.40 on Friday. The company has a market cap of $42.42 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.53 and a beta of 1.39. The firm’s 50-day simple moving average is $138.55 and its 200-day simple moving average is $150.47. The company has a quick ratio of 1.04, a current ratio of 1.48 and a debt-to-equity ratio of 0.34. Valero Energy has a fifty-two week low of $119.88 and a fifty-two week high of $184.79.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VLO. Barclays reduced their price objective on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. TD Cowen reduced their price objective on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group reduced their price objective on shares of Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a report on Monday, September 16th. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $169.00 to $123.00 in a report on Friday, September 20th. Finally, Bank of America initiated coverage on shares of Valero Energy in a report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Valero Energy has a consensus rating of “Moderate Buy” and an average price target of $154.53.

About Valero Energy

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.