Valero Energy Co. (VLO) To Go Ex-Dividend on November 20th

Valero Energy Co. (NYSE:VLO) declared a quarterly dividend on Tuesday, October 29th, RTT News reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 1.07 per share by the oil and gas company on Friday, December 20th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Wednesday, November 20th.

Valero Energy has raised its dividend payment by an average of 1.3% per year over the last three years. Valero Energy has a dividend payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Valero Energy to earn $10.45 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 41.0%.

Valero Energy Price Performance

NYSE:VLO opened at $128.69 on Thursday. The company has a 50-day moving average of $137.31 and a 200-day moving average of $148.99. The company has a market capitalization of $41.23 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.45 and a beta of 1.39. Valero Energy has a 52 week low of $119.88 and a 52 week high of $184.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.16. The company had revenue of $32.88 billion during the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.01%. The firm’s revenue for the quarter was down 14.4% compared to the same quarter last year. During the same period last year, the firm earned $7.49 EPS. As a group, equities research analysts anticipate that Valero Energy will post 9.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays cut their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. StockNews.com downgraded shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Citigroup cut their price target on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a report on Friday, October 25th. TD Cowen cut their price target on shares of Valero Energy from $145.00 to $140.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wolfe Research assumed coverage on shares of Valero Energy in a report on Thursday, July 18th. They set an “outperform” rating and a $177.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.29.

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.