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Investing.com - Piper Sandler raised its price target on Valero Energy (NYSE:VLO), a $53.8 billion market cap refiner trading near its 52-week high of $178.43, to $201.00 from $200.00 on Friday, while maintaining an Overweight rating following the refiner’s quarterly earnings beat. According to InvestingPro, the stock has shown impressive momentum with a 41.5% return over the past six months.
Valero reported earnings per share of $3.66, significantly exceeding both Piper Sandler’s estimate of $3.06 and the Street consensus of $3.05, driven primarily by strong refining results. The company maintains a strong financial position with a healthy current ratio of 1.62 and has consistently paid dividends for 37 consecutive years, currently yielding 2.86%.
The company’s refining segment posted EBIT of $1,665 million, outperforming analyst expectations of $1,511 million and Street estimates of $1,449 million, with stronger margin capture of $13.14 per barrel versus $12.59 per barrel expected and higher throughput of 3,087 kbd compared to the anticipated 3,010 kbd.
Valero provided mixed guidance for the upcoming quarter, with throughput projections in line with expectations, but slightly higher operating expenses at $4.80 per barrel versus Piper Sandler’s estimate of $4.65 per barrel, and higher depreciation, depletion, and amortization at $2.62 per barrel compared to the expected $2.54 per barrel.
Piper Sandler revised its fourth-quarter EPS estimate to $3.05 and EBITDA to $2,183 million, down from previous estimates of $3.14 and $2,231 million respectively, citing slightly lower refining operating expenses and DD&A, partially offset by a higher indicator, while noting these projections remain well above the current Street EPS estimate of $2.49.
In other recent news, Valero Energy Corporation reported robust financial results for the third quarter of 2025. The company’s earnings per share (EPS) came in at $3.66, significantly exceeding analysts’ expectations of $3.04. Additionally, Valero’s revenue for the quarter was $32.17 billion, which also surpassed the projected $30.67 billion. These strong financial results have been a focal point for investors looking at Valero’s performance. Although the stock price movement is not the focus, the company’s financial achievements have been well-received in the market. Analysts have noted the company’s ability to exceed projections, which may influence future assessments. These developments highlight Valero’s current financial health and strategic execution.
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