Brokers Set Expectations for Valero Energy FY2024 Earnings

Valero Energy Co. (NYSE:VLO) – Research analysts at Zacks Research cut their FY2024 EPS estimates for Valero Energy in a note issued to investors on Tuesday, January 28th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn $7.94 per share for the year, down from their prior forecast of $7.97. The consensus estimate for Valero Energy’s current full-year earnings is $7.93 per share. Zacks Research also issued estimates for Valero Energy’s Q4 2024 earnings at $0.27 EPS, Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $2.38 EPS, Q4 2025 earnings at $1.08 EPS, FY2025 earnings at $6.05 EPS, Q2 2026 earnings at $3.12 EPS, Q3 2026 earnings at $2.65 EPS, Q4 2026 earnings at $0.76 EPS and FY2026 earnings at $9.41 EPS.

VLO has been the topic of a number of other research reports. BMO Capital Markets cut their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Bank of America began coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a report on Wednesday, October 2nd. Finally, Barclays cut their price target on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.54.

Valero Energy Price Performance

VLO stock opened at $139.44 on Thursday. Valero Energy has a 1 year low of $116.84 and a 1 year high of $184.79. The firm has a 50-day moving average of $131.15 and a 200 day moving average of $137.71. The company has a market cap of $44.14 billion, a P/E ratio of 12.51, a PEG ratio of 2.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new position in shares of Valero Energy during the 4th quarter valued at $25,000. Peterson Financial Group Inc. purchased a new position in shares of Valero Energy during the 3rd quarter valued at $28,000. Tobam purchased a new position in shares of Valero Energy during the 4th quarter valued at $30,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Valero Energy during the 3rd quarter valued at $34,000. Finally, True Wealth Design LLC lifted its stake in shares of Valero Energy by 196.8% during the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Thursday, January 30th will be paid a dividend of $1.13 per share. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date is Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.24%. Valero Energy’s payout ratio is 38.39%.

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.