Valero Energy Corporation Announces Quarterly Dividend of $1.20 (NYSE:VLO)

Valero Energy Corporation (NYSE:VLO) declared a quarterly dividend on Thursday, July 16th. Investors of record on Friday, July 31st will be given a dividend of 1.20 per share by the oil and gas company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Friday, July 31st.

Valero Energy has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Valero Energy has a payout ratio of 48.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Valero Energy to earn $22.59 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 21.2%.

Valero Energy Trading Up 2.7%

Shares of Valero Energy stock opened at $300.48 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy has a twelve month low of $130.78 and a twelve month high of $303.64. The firm has a market capitalization of $89.22 billion, a PE ratio of 21.84, a P/E/G ratio of 0.36 and a beta of 0.55. The firm’s 50-day moving average price is $257.59 and its 200 day moving average price is $228.76.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same period in the previous year, the business earned $0.89 EPS. Valero Energy’s quarterly revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts predict that Valero Energy will post 32.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Beacon Investment Advisory Services Inc. raised its holdings in Valero Energy by 33.5% in the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock valued at $6,898,000 after buying an additional 10,634 shares during the period. Friedenthal Financial purchased a new position in Valero Energy during the fourth quarter worth about $954,000. CWA Asset Management Group LLC boosted its stake in Valero Energy by 359.0% during the fourth quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock worth $2,319,000 after buying an additional 11,140 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Valero Energy by 24.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 565,171 shares of the oil and gas company’s stock valued at $92,004,000 after acquiring an additional 112,118 shares during the last quarter. Finally, Whittier Trust Co. raised its stake in shares of Valero Energy by 2.8% in the 4th quarter. Whittier Trust Co. now owns 212,104 shares of the oil and gas company’s stock valued at $37,812,000 after acquiring an additional 5,694 shares during the period. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.