Valero Energy (NYSE:VLO) Releases Earnings Results, Beats Expectations By $0.64 EPS

Valero Energy (NYSE:VLO) issued its earnings results on Thursday. The oil and gas company reported $3.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.18 by $0.64, Briefing.com reports. Valero Energy had a net margin of 6.10% and a return on equity of 31.62%. The business had revenue of $31.76 billion for the quarter, compared to analyst estimates of $32.02 billion. During the same quarter in the prior year, the business posted $8.27 EPS. The company’s revenue for the quarter was down 12.8% on a year-over-year basis.

Valero Energy Price Performance

Shares of VLO stock traded down $0.81 during mid-day trading on Friday, hitting $166.32. 1,163,001 shares of the stock traded hands, compared to its average volume of 3,279,579. Valero Energy has a twelve month low of $104.18 and a twelve month high of $184.79. The company’s 50-day simple moving average is $160.54 and its 200-day simple moving average is $140.34. The firm has a market cap of $55.30 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.56.

Analysts Set New Price Targets

A number of brokerages recently weighed in on VLO. Citigroup boosted their price objective on shares of Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. The Goldman Sachs Group boosted their price objective on shares of Valero Energy from $130.00 to $171.00 and gave the company a “sell” rating in a research report on Friday, March 22nd. Mizuho downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $150.00 to $173.00 in a research report on Friday, March 22nd. Barclays boosted their price objective on shares of Valero Energy from $149.00 to $179.00 and gave the company an “overweight” rating in a research report on Wednesday, April 3rd. Finally, Bank of America raised shares of Valero Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $156.00 to $210.00 in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $173.63.

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.