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

Valero Energy Co. (NYSE:VLO) declared a quarterly dividend on Tuesday, October 29th,RTT News reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 1.07 per share by the oil and gas company on Friday, December 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Wednesday, November 20th.

Valero Energy has increased its dividend by an average of 1.3% per year over the last three years. Valero Energy has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Valero Energy to earn $10.05 per share next year, which means the company should continue to be able to cover its $4.28 annual dividend with an expected future payout ratio of 42.6%.

Valero Energy Stock Performance

Shares of VLO opened at $140.16 on Monday. The firm’s 50 day moving average is $135.83 and its 200-day moving average is $146.35. The stock has a market capitalization of $44.37 billion, a P/E ratio of 12.57, a P/E/G ratio of 2.57 and a beta of 1.39. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.57 and a quick ratio of 1.11. Valero Energy has a 12-month low of $120.21 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.16. The company had revenue of $32.88 billion for the quarter, compared to analysts’ expectations of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The business’s revenue was down 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.49 EPS. Equities research analysts anticipate that Valero Energy will post 9.1 EPS for the current fiscal year.

Analysts Set New Price Targets

VLO has been the topic of several analyst reports. Scotiabank dropped their target price on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Citigroup reduced their target price on shares of Valero Energy from $192.00 to $176.00 and set a “buy” rating for the company in a research note on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. reduced their price target on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company raised shares of Valero Energy from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $172.00 to $165.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $155.86.

About Valero Energy

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.