Valero Energy (NYSE:VLO) – Stock analysts at US Capital Advisors lifted their Q1 2018 earnings per share estimates for shares of Valero Energy in a research report issued to clients and investors on Monday, April 16th. US Capital Advisors analyst C. Weiland now forecasts that the oil and gas company will post earnings per share of $0.86 for the quarter, up from their previous estimate of $0.81. US Capital Advisors also issued estimates for Valero Energy’s Q3 2018 earnings at $2.34 EPS and Q4 2018 earnings at $1.31 EPS.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.08. Valero Energy had a net margin of 4.33% and a return on equity of 10.30%. The firm had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The business’s revenue was up 27.4% compared to the same quarter last year.
VLO has been the subject of several other reports. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Morgan Stanley boosted their target price on shares of Valero Energy from $100.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Monday. Credit Suisse Group started coverage on shares of Valero Energy in a research report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 target price for the company. Citigroup boosted their target price on shares of Valero Energy from $76.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, Scotiabank reissued a “sector perform” rating on shares of Valero Energy in a research report on Thursday, April 12th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $95.94.
VLO opened at $108.20 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $46,215.55, a price-to-earnings ratio of 21.81, a P/E/G ratio of 1.13 and a beta of 1.02. Valero Energy has a 1-year low of $60.69 and a 1-year high of $108.83.
Valero Energy declared that its board has authorized a share buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
A number of hedge funds have recently modified their holdings of VLO. Prudential Financial Inc. grew its position in Valero Energy by 14.5% in the 3rd quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services boosted its stake in Valero Energy by 5.6% in the fourth quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,075 shares of the oil and gas company’s stock valued at $4,510,000 after acquiring an additional 2,585 shares during the last quarter. Atalanta Sosnoff Capital LLC purchased a new position in Valero Energy in the fourth quarter valued at about $368,000. DnB Asset Management AS boosted its stake in Valero Energy by 5.8% in the fourth quarter. DnB Asset Management AS now owns 54,827 shares of the oil and gas company’s stock valued at $5,039,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Chesley Taft & Associates LLC purchased a new position in Valero Energy in the fourth quarter valued at about $655,000. 80.90% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://ledgergazette.com/2018/04/20/brokers-issue-forecasts-for-valero-energys-q1-2018-earnings-vlo.html.
About Valero Energy
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.
Receive News & Ratings for Valero Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valero Energy and related companies with MarketBeat.com's FREE daily email newsletter.