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

Valero Energy Corporation (NYSE:VLO) declared a quarterly dividend on Wednesday, October 29th. Stockholders of record on Thursday, November 20th will be paid a dividend of 1.13 per share by the oil and gas company on Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, November 20th.

Valero Energy has increased its dividend 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 dividend payout ratio of 45.2% meaning 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 $4.52 annual dividend with an expected future payout ratio of 43.3%.

Valero Energy Stock Down 1.7%

Valero Energy stock opened at $178.73 on Tuesday. The business’s 50-day moving average price is $167.18 and its 200 day moving average price is $148.27. The company has a quick ratio of 1.09, a current ratio of 1.60 and a debt-to-equity ratio of 0.36. The firm has a market cap of $54.51 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. Valero Energy has a 52 week low of $99.00 and a 52 week high of $183.93.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.Valero Energy’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.14 earnings per share. As a group, sell-side analysts anticipate that Valero Energy will post 7.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VLO. JPMorgan Chase & Co. increased their price target on shares of Valero Energy from $177.00 to $197.00 and gave the stock an “overweight” rating in a report on Friday, October 24th. Jefferies Financial Group increased their target price on shares of Valero Energy from $181.00 to $194.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Mizuho lifted their price target on Valero Energy from $166.00 to $190.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Morgan Stanley cut Valero Energy from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $160.00 to $175.00 in a report on Friday, October 3rd. Finally, Erste Group Bank initiated coverage on Valero Energy in a report on Monday, November 10th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Company Profile

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.