Zacks Research Reduces Earnings Estimates for Valero Energy

Key Points

• Zacks Research has lowered its Q2 2027 earnings estimate for Valero Energy from $2.62 to $2.61 per share, while the full-year earnings estimate remains at $7.92 per share.
• Several analysts have recently changed their ratings on Valero, with Bank of America upgrading the stock to "buy" and raising its price target to $179.00.
• Valero Energy's shares are currently trading at around $161.87, showing a 12-month high of $178.43 and a low of $99.00, with a market cap of $50.29 billion.

Valero Energy Corporation (NYSE:VLO - Free Report) - Research analysts at Zacks Research decreased their Q2 2027 earnings estimates for shares of Valero Energy in a research report issued on Tuesday, October 21st. Zacks Research analyst Team now anticipates that the oil and gas company will post earnings of $2.61 per share for the quarter, down from their previous forecast of $2.62. The consensus estimate for Valero Energy's current full-year earnings is $7.92 per share. Zacks Research also issued estimates for Valero Energy's Q3 2027 earnings at $3.29 EPS and FY2027 earnings at $11.42 EPS.

A number of other equities analysts also recently weighed in on VLO. Bank of America raised shares of Valero Energy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $152.00 to $179.00 in a research note on Wednesday, September 3rd. Morgan Stanley downgraded shares of Valero Energy from an "overweight" rating to an "equal weight" rating and upped their price target for the stock from $160.00 to $175.00 in a research note on Friday, October 3rd. Jefferies Financial Group upped their price target on shares of Valero Energy from $181.00 to $194.00 and gave the stock a "buy" rating in a research note on Friday, October 10th. Wolfe Research downgraded shares of Valero Energy from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. Finally, Wells Fargo & Company began coverage on shares of Valero Energy in a research report on Friday, October 17th. They set an "overweight" rating and a $216.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $173.27.

Valero Energy Price Performance

Shares of NYSE:VLO opened at $161.87 on Thursday. The company's fifty day moving average is $157.56 and its two-hundred day moving average is $139.72. The company has a quick ratio of 1.11, a current ratio of 1.62 and a debt-to-equity ratio of 0.38. Valero Energy has a 12-month low of $99.00 and a 12-month high of $178.43. The company has a market cap of $50.29 billion, a P/E ratio of 67.45, a price-to-earnings-growth ratio of 1.59 and a beta of 1.05.

Valero Energy (NYSE:VLO - Get Free Report) last announced its earnings results on Thursday, July 24th. The oil and gas company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a net margin of 0.62% and a return on equity of 5.76%. The company had revenue of $29.89 billion for the quarter, compared to the consensus estimate of $27 billion. During the same period in the previous year, the business earned $2.71 EPS. The company's revenue was down 13.3% on a year-over-year basis.

Hedge Funds Weigh In On Valero Energy

Several hedge funds and other institutional investors have recently modified their holdings of the stock. KLP Kapitalforvaltning AS lifted its position in shares of Valero Energy by 1.5% during the 3rd quarter. KLP Kapitalforvaltning AS now owns 229,961 shares of the oil and gas company's stock worth $39,153,000 after buying an additional 3,400 shares during the period. Sather Financial Group Inc raised its position in Valero Energy by 2.2% in the 3rd quarter. Sather Financial Group Inc now owns 5,511 shares of the oil and gas company's stock valued at $938,000 after purchasing an additional 117 shares during the last quarter. Adams Natural Resources Fund Inc. raised its position in Valero Energy by 13.5% in the 3rd quarter. Adams Natural Resources Fund Inc. now owns 88,900 shares of the oil and gas company's stock valued at $15,136,000 after purchasing an additional 10,600 shares during the last quarter. Cerity Partners LLC raised its position in Valero Energy by 9.0% in the 3rd quarter. Cerity Partners LLC now owns 104,859 shares of the oil and gas company's stock valued at $17,853,000 after purchasing an additional 8,638 shares during the last quarter. Finally, Galvin Gaustad & Stein LLC bought a new position in Valero Energy in the 3rd quarter valued at $247,000. Institutional investors own 78.69% of the company's stock.

About Valero Energy

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.

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