Valero Energy Corporation (VLO) To Go Ex-Dividend on July 31st

Valero Energy Corporation (NYSE:VLO) announced a quarterly dividend on Thursday, July 16th. Shareholders 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 yield of 1.6%. The ex-dividend date is Friday, July 31st.

Valero Energy has raised its dividend payment by an average of 0.0%annually 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 48.0% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Up 3.1%

VLO opened at $309.50 on Friday. The company has a fifty day moving average of $258.97 and a two-hundred day moving average of $229.32. The stock has a market capitalization of $91.90 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 0.37 and a beta of 0.55. Valero Energy has a fifty-two week low of $130.78 and a fifty-two week high of $309.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating 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 firm had revenue of $32.38 billion during the quarter, compared to analyst estimates of $31.38 billion. During the same quarter in the previous year, the business earned $0.89 EPS. Valero Energy’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, research analysts expect that Valero Energy will post 32.04 earnings per share for the current year.

Insider Transactions at Valero Energy

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Beacon Investment Advisory Services Inc. boosted its position in Valero Energy by 33.5% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after purchasing an additional 10,634 shares during the period. Friedenthal Financial bought a new stake in shares of Valero Energy during the 4th quarter valued at about $954,000. CWA Asset Management Group LLC raised 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 acquiring an additional 11,140 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in Valero Energy by 24.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 565,171 shares of the oil and gas company’s stock worth $92,004,000 after acquiring an additional 112,118 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Valero Energy by 51.3% in the fourth quarter. Nordea Investment Management AB now owns 92,328 shares of the oil and gas company’s stock worth $14,938,000 after acquiring an additional 31,296 shares during the last quarter. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

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.