Valero Energy (VLO) Expected to Announce Earnings on Thursday

Valero Energy (NYSE:VLO) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $30.02 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Valero Energy Trading Down 2.2 %

Shares of VLO stock opened at $138.14 on Wednesday. The firm has a market capitalization of $43.73 billion, a PE ratio of 12.39, a PEG ratio of 2.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a fifty day simple moving average of $131.23 and a two-hundred day simple moving average of $137.78. Valero Energy has a 52-week low of $116.84 and a 52-week high of $184.79.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.13 per share. This is a positive change from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Thursday, January 30th. Valero Energy’s dividend payout ratio (DPR) is 38.39%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen cut their target price on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company cut their price target on Valero Energy from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Monday, December 9th. Bank of America initiated coverage on shares of Valero Energy in a research report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target for the company. Citigroup decreased their price target on Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Finally, Barclays lowered their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $154.54.

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.