Valero Energy Corp. (NYSE:VLO) announced a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Tuesday, November 22nd will be given a dividend of 0.60 per share on Thursday, December 15th. This represents a $2.40 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Friday, November 18th.

Shares of Valero Energy Corp. (NYSE:VLO) opened at 62.45 on Friday. Valero Energy Corp. has a 12-month low of $46.88 and a 12-month high of $73.88. The company has a market cap of $28.81 billion, a P/E ratio of 13.24 and a beta of 1.45. The stock’s 50 day moving average price is $56.37 and its 200 day moving average price is $54.56.

Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $1.24 EPS for the quarter, beating the consensus estimate of $0.93 by $0.31. The firm had revenue of $19.65 billion for the quarter, compared to analyst estimates of $19.49 billion. Valero Energy Corp. had a return on equity of 10.40% and a net margin of 3.01%. The company’s revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.79 EPS. On average, analysts forecast that Valero Energy Corp. will post $3.71 EPS for the current year.

Dividend History for Valero Energy Corp. (NYSE:VLO)

Several brokerages have recently commented on VLO. Vetr lowered Valero Energy Corp. from a “buy” rating to a “hold” rating and set a $65.26 price objective on the stock. in a research report on Thursday. Scotiabank restated a “sector outperform” rating and set a $62.00 target price (up from $58.00) on shares of Valero Energy Corp. in a report on Wednesday, October 26th. TheStreet cut Valero Energy Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 25th. Howard Weil increased their target price on Valero Energy Corp. from $58.00 to $62.00 and gave the company a “sector outperform” rating in a report on Wednesday, October 26th. Finally, Citigroup Inc. increased their target price on Valero Energy Corp. from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, October 19th. Ten research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $69.36.

Several hedge funds have recently bought and sold shares of the company. State Street Corp raised its stake in Valero Energy Corp. by 0.7% in the second quarter. State Street Corp now owns 25,603,885 shares of the company’s stock worth $1,305,805,000 after buying an additional 172,622 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Valero Energy Corp. by 18.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,957,532 shares of the company’s stock worth $252,833,000 after buying an additional 784,696 shares during the last quarter. APG Asset Management N.V. raised its stake in Valero Energy Corp. by 31.1% in the second quarter. APG Asset Management N.V. now owns 3,829,534 shares of the company’s stock worth $195,306,000 after buying an additional 907,543 shares during the last quarter. Janus Capital Management LLC raised its stake in Valero Energy Corp. by 43.1% in the second quarter. Janus Capital Management LLC now owns 3,693,374 shares of the company’s stock worth $188,363,000 after buying an additional 1,111,518 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Valero Energy Corp. by 5.9% in the second quarter. Lord Abbett & CO. LLC now owns 1,495,950 shares of the company’s stock worth $76,293,000 after buying an additional 83,900 shares during the last quarter. 78.36% of the stock is owned by institutional investors and hedge funds.

About Valero Energy Corp.

Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.

5 Day Chart for NYSE:VLO

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