Valero Energy (NYSE:VLO) Issues Quarterly Earnings Results

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

Valero Energy Stock Up 0.8 %

VLO opened at $132.40 on Friday. The company has a fifty day moving average of $138.20 and a two-hundred day moving average of $149.95. The stock has a market capitalization of $42.42 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 3.53 and a beta of 1.39. 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.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Bank of America assumed coverage on Valero Energy in a research note on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price for the company. Scotiabank dropped their price target on Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group reduced their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating for the company in a research note on Monday, September 16th. Finally, Barclays dropped their target price on Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and an average price target of $154.53.

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.