Valero Energy Corporation (VLO) To Go Ex-Dividend on November 20th
Valero Energy Corporation (NYSE:VLO) announced a quarterly dividend on Wednesday, November 1st, RTT News reports. Stockholders of record on Tuesday, November 21st will be paid a dividend of 0.70 per share by the oil and gas company on Tuesday, December 12th. This represents a $2.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, November 20th.
Valero Energy Corporation has increased its dividend payment by an average of 41.3% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Valero Energy Corporation has a dividend payout ratio of 58.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Valero Energy Corporation to earn $6.22 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 45.0%.
Shares of Valero Energy Corporation (VLO) opened at $82.88 on Friday. The stock has a market capitalization of $36,266.71, a price-to-earnings ratio of 17.90, a PEG ratio of 1.72 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 52 week low of $60.35 and a 52 week high of $82.92.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy Corporation had a return on equity of 9.87% and a net margin of 2.33%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. analysts anticipate that Valero Energy Corporation will post 4.83 EPS for the current year.
Several analysts have recently issued reports on the company. Standpoint Research cut Valero Energy Corporation from a “buy” rating to a “hold” rating and set a $84.00 price objective on the stock. in a research note on Thursday. Piper Jaffray Companies restated a “hold” rating and issued a $78.00 price target on shares of Valero Energy Corporation in a research note on Friday. Barclays PLC raised their price target on Valero Energy Corporation from $86.00 to $108.00 and gave the company an “overweight” rating in a research note on Tuesday, November 14th. UBS AG raised their price target on Valero Energy Corporation from $80.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Scotiabank restated a “buy” rating and issued a $84.00 price target on shares of Valero Energy Corporation in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the stock. Valero Energy Corporation has a consensus rating of “Hold” and an average target price of $79.28.
In related news, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,268 shares of company stock worth $4,263,601. Corporate insiders own 0.45% of the company’s stock.
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Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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