Wall Street analysts expect that Valero Energy (NYSE:VLO) will report earnings of $0.96 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Valero Energy’s earnings, with the highest EPS estimate coming in at $1.22 and the lowest estimate coming in at $0.72. Valero Energy posted earnings of $0.68 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 41.2%. The firm is expected to announce its next earnings report before the market opens on Thursday, April 26th.
On average, analysts expect that Valero Energy will report full-year earnings of $7.13 per share for the current year, with EPS estimates ranging from $6.15 to $9.30. For the next financial year, analysts forecast that the firm will post earnings of $8.17 per share, with EPS estimates ranging from $6.70 to $10.87. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Valero Energy.
Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, February 1st. The oil and gas company reported $1.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.08. The company had revenue of $26.39 billion during the quarter, compared to the consensus estimate of $23.02 billion. Valero Energy had a return on equity of 10.30% and a net margin of 4.33%. Valero Energy’s revenue was up 27.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS.
VLO stock opened at $105.49 on Friday. Valero Energy has a 52 week low of $60.69 and a 52 week high of $106.35. The firm has a market cap of $44,110.31, a PE ratio of 21.27, a PEG ratio of 1.16 and a beta of 1.01. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.74 and a quick ratio of 1.17.
Valero Energy declared that its board has authorized a stock buyback plan on Tuesday, January 23rd that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Independence Bank of Kentucky acquired a new stake in Valero Energy in the fourth quarter valued at $102,000. Parkside Financial Bank & Trust raised its position in shares of Valero Energy by 211.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,177 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 799 shares during the period. SWS Partners bought a new position in Valero Energy during the fourth quarter worth about $127,000. Harvest Fund Management Co. Ltd bought a new position in Valero Energy during the fourth quarter worth about $135,000. Finally, Chicago Partners Investment Group LLC grew its stake in Valero Energy by 300.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after buying an additional 1,398 shares in the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.
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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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