Q4 2019 EPS Estimates for Valero Energy Co. (NYSE:VLO) Lifted by US Capital Advisors

Valero Energy Co. (NYSE:VLO) – Analysts at US Capital Advisors boosted their Q4 2019 earnings per share estimates for Valero Energy in a research note issued to investors on Thursday, July 18th. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $1.91 for the quarter, up from their prior estimate of $1.84. US Capital Advisors also issued estimates for Valero Energy’s Q3 2020 earnings at $3.97 EPS.

VLO has been the topic of several other research reports. Raymond James set a $33.00 price target on shares of LKQ and gave the company a “buy” rating in a report on Friday, April 26th. Goldman Sachs Group upgraded shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price target for the company from $48.00 to $52.00 in a report on Thursday, June 6th. Morgan Stanley cut their price target on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. JPMorgan Chase & Co. set a €20.00 ($23.26) price target on shares of STMicroelectronics and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Valero Energy has a consensus rating of “Buy” and a consensus target price of $109.02.

Shares of Valero Energy stock opened at $83.65 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.43 and a quick ratio of 0.92. Valero Energy has a 52-week low of $68.81 and a 52-week high of $122.42. The company has a market capitalization of $34.78 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.82 and a beta of 1.47. The business has a 50 day moving average price of $79.80.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The firm had revenue of $24.26 billion for the quarter, compared to analysts’ expectations of $24.38 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in VLO. Sontag Advisory LLC purchased a new position in Valero Energy during the fourth quarter valued at $25,000. Advisory Alpha LLC purchased a new position in Valero Energy during the first quarter valued at $27,000. Archford Capital Strategies LLC lifted its position in Valero Energy by 122.7% during the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 200 shares during the period. Covenant Multifamily Offices LLC purchased a new position in Valero Energy during the first quarter valued at $36,000. Finally, Aspire Private Capital LLC purchased a new position in shares of Valero Energy in the 4th quarter worth about $38,000. 76.97% of the stock is owned by institutional investors and hedge funds.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. 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.

Further Reading: Net Margin

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

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