Equities analysts predict that Valero Energy Co. (NYSE:VLO) will announce earnings per share (EPS) of $1.82 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Valero Energy’s earnings, with the lowest EPS estimate coming in at $1.48 and the highest estimate coming in at $2.66. Valero Energy reported earnings per share of $2.01 in the same quarter last year, which would indicate a negative year over year growth rate of 9.5%. The business is expected to report its next earnings report on Thursday, October 24th.

According to Zacks, analysts expect that Valero Energy will report full-year earnings of $5.32 per share for the current year, with EPS estimates ranging from $4.25 to $6.13. For the next fiscal year, analysts anticipate that the company will report earnings of $10.11 per share, with EPS estimates ranging from $7.72 to $12.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Valero Energy.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 25th. The oil and gas company reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.14. Valero Energy had a return on equity of 11.23% and a net margin of 2.27%. The company had revenue of $28.93 billion during the quarter, compared to analyst estimates of $25.45 billion. During the same period last year, the company posted $2.15 earnings per share. The firm’s quarterly revenue was down 6.7% compared to the same quarter last year.

A number of analysts have recently weighed in on VLO shares. Royal Bank of Canada set a $179.00 target price on 3M and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. set a €20.00 ($23.26) target price on STMicroelectronics and gave the company a “buy” rating in a research note on Tuesday, May 14th. Wells Fargo & Co set a $107.00 target price on Valero Energy and gave the company a “buy” rating in a research note on Friday. Raymond James set a $33.00 target price on LKQ and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, ValuEngine upgraded Zillow Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $105.47.

Shares of NYSE:VLO traded down $0.64 during midday trading on Thursday, reaching $83.39. The company’s stock had a trading volume of 233,067 shares, compared to its average volume of 2,831,627. Valero Energy has a fifty-two week low of $68.81 and a fifty-two week high of $122.42. The company has a market capitalization of $34.71 billion, a P/E ratio of 11.31, a P/E/G ratio of 1.98 and a beta of 1.47. The company has a quick ratio of 0.92, a current ratio of 1.43 and a debt-to-equity ratio of 0.41. The stock’s fifty day simple moving average is $82.12.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Tuesday, August 6th will be given a $0.90 dividend. The ex-dividend date is Monday, August 5th. This represents a $3.60 dividend on an annualized basis and a yield of 4.32%. Valero Energy’s payout ratio is 48.85%.

Hedge funds have recently made changes to their positions in the stock. Advisory Alpha LLC acquired a new stake in Valero Energy in the first quarter worth about $27,000. Archford Capital Strategies LLC increased its position in Valero Energy by 122.7% in the second quarter. Archford Capital Strategies LLC now owns 363 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 200 shares during the period. Covenant Multifamily Offices LLC acquired a new stake in Valero Energy in the first quarter worth about $36,000. Aspire Private Capital LLC acquired a new stake in Valero Energy in the fourth quarter worth about $38,000. Finally, First Manhattan Co. increased its position in Valero Energy by 47.1% in the first quarter. First Manhattan Co. now owns 453 shares of the oil and gas company’s stock worth $38,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 77.13% of the company’s stock.

About Valero Energy

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.

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

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