Valero Energy Co. Announces Quarterly Dividend of $1.07 (NYSE:VLO)

Valero Energy Co. (NYSE:VLOGet Free Report) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Stockholders of record on Thursday, May 30th will be paid a dividend of 1.07 per share by the oil and gas company on Friday, June 28th. This represents a $4.28 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Wednesday, May 29th.

Valero Energy has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Valero Energy to earn $14.83 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 28.9%.

Valero Energy Stock Performance

Valero Energy stock opened at $162.42 on Monday. Valero Energy has a 12-month low of $105.66 and a 12-month high of $184.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The company has a market capitalization of $53.11 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.55. The firm’s fifty day moving average price is $166.50 and its 200 day moving average price is $145.28.

Valero Energy (NYSE:VLOGet Free Report) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. During the same period last year, the firm earned $8.27 earnings per share. The company’s revenue was down 12.8% on a year-over-year basis. On average, research analysts forecast that Valero Energy will post 18.11 EPS for the current fiscal year.

Insider Transactions at Valero Energy

In related news, Director Kimberly S. Greene sold 720 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the transaction, the director now owns 13,314 shares in the company, valued at approximately $2,105,209.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on VLO. Citigroup upped their target price on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. UBS Group increased their price objective on shares of Valero Energy from $167.00 to $197.00 and gave the company a “buy” rating in a research note on Tuesday, March 26th. TD Cowen decreased their price objective on shares of Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 29th. Mizuho upped their target price on shares of Valero Energy from $173.00 to $176.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Scotiabank increased their price target on shares of Valero Energy from $138.00 to $165.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy has a consensus rating of “Moderate Buy” and a consensus target price of $173.87.

Read Our Latest Report on VLO

Valero Energy Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Valero Energy (NYSE:VLO)

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.