US Capital Advisors Analysts Lift Earnings Estimates for Valero Energy Co. (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) – Equities research analysts at US Capital Advisors upped their FY2018 EPS estimates for Valero Energy in a research report issued on Monday, October 15th, Zacks Investment Research reports. US Capital Advisors analyst C. Weiland now expects that the oil and gas company will post earnings per share of $6.43 for the year, up from their previous forecast of $6.42.

A number of other equities research analysts have also issued reports on the stock. ValuEngine lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Citigroup reduced their target price on shares of Valero Energy from $134.00 to $132.00 and set a “buy” rating on the stock in a report on Tuesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of Valero Energy from $128.00 to $132.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Morgan Stanley reduced their target price on shares of Valero Energy from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Finally, Mizuho initiated coverage on shares of Valero Energy in a report on Wednesday, August 1st. They set a “neutral” rating and a $125.00 target price on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $115.82.

Shares of NYSE:VLO traded down $1.12 during mid-day trading on Thursday, reaching $87.58. 4,760,365 shares of the company were exchanged, compared to its average volume of 4,792,646. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.10 and a current ratio of 1.59. The stock has a market capitalization of $39.57 billion, a P/E ratio of 17.66, a PEG ratio of 0.76 and a beta of 1.15. Valero Energy has a 1 year low of $80.00 and a 1 year high of $126.98.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, October 25th. The oil and gas company reported $2.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.06. The firm had revenue of $30.85 billion during the quarter, compared to analysts’ expectations of $31.82 billion. Valero Energy had a net margin of 3.96% and a return on equity of 11.90%.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Tuesday, November 20th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 19th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.65%. Valero Energy’s payout ratio is 64.52%.

Several institutional investors and hedge funds have recently made changes to their positions in VLO. Financial Gravity Wealth Inc. acquired a new stake in shares of Valero Energy in the 1st quarter valued at $408,000. United Capital Financial Advisers LLC raised its holdings in shares of Valero Energy by 2.3% in the 1st quarter. United Capital Financial Advisers LLC now owns 20,326 shares of the oil and gas company’s stock valued at $1,886,000 after purchasing an additional 458 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Valero Energy by 30.4% in the 1st quarter. Point72 Asset Management L.P. now owns 72,000 shares of the oil and gas company’s stock valued at $6,679,000 after purchasing an additional 16,800 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Valero Energy by 77.7% in the 1st quarter. Millennium Management LLC now owns 300,447 shares of the oil and gas company’s stock valued at $27,872,000 after purchasing an additional 131,325 shares in the last quarter. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Valero Energy in the 1st quarter valued at $1,165,000. Institutional investors and hedge funds own 78.12% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products.

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Earnings History and Estimates for Valero Energy (NYSE:VLO)

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