Valero Energy (NYSE:VLO) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

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

Valero Energy Stock Down 0.5 %

Shares of VLO stock traded down $0.71 on Thursday, hitting $132.18. The stock had a trading volume of 290,926 shares, compared to its average volume of 2,972,902. The firm has a market capitalization of $42.35 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 3.53 and a beta of 1.39. The stock’s 50 day moving average is $138.91 and its 200-day moving average is $150.60. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy has a 52-week low of $119.88 and a 52-week high of $184.79.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Bank of America assumed coverage on shares of Valero Energy in a research report on Thursday, October 17th. They issued a “neutral” rating and a $150.00 target price on the stock. Barclays decreased their target price on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 2nd. Mizuho decreased their price objective on shares of Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research note on Monday, September 16th. Finally, Scotiabank decreased their price objective on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.60.

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.