Valero Energy Co. (VLO) to Pay Dividend on Aug. 1

Valero Energy Co. (NYSE:VLO – Get Free Report) declared a quarterly dividend on Thursday, July 18, RTT News reports. Shareholders of record on Thursday, August 1 will receive a dividend of 1.07 per share from the oil and gas company on Tuesday, September 3. This represents a dividend of $4.28 on an annualized basis and a yield of 2.89%. The ex-dividend date for this dividend is Thursday, August 1.

Valero Energy has raised its dividend by an average of 1.3% per year over the past three years. Valero Energy has a dividend payout ratio of 30.1%, which indicates that the dividend is adequately covered by earnings. Research analysts expect Valero Energy to earn $13.98 per share next year, which means the company should still be able to cover its annual dividend of $4.28 with an expected future payout ratio of 30.6%.

Valero Energy Share Performance

NYSE VLO opened at $148.33 on Friday. The stock’s fifty day moving average is $154.27, and its two-hundred day moving average is $152.25. The company has a market capitalization of $48.50 billion, a P/E ratio of 7.35, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.10 and a current ratio of 1.59. Valero Energy has a 52-week low of $119.09 and a 52-week high of $184.79.

Valero Energy (NYSE:VLO – Get Free Report) last released its quarterly earnings data on Thursday, April 25. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion for the quarter, compared to analysts’ estimates of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company reported earnings per share of $8.27. Research analysts, on average, predict that Valero Energy will report earnings of $13.73 per share for the current year.

Valero Energy Internal Transactions

In other news, Director Kimberly S. Greene sold 720 shares of the company’s stock in a transaction dated Thursday, May 9. The shares were sold at an average price of $158.12, for a total transaction value of $113,846.40. Following the completion of the transaction, the director now directly owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink . Insiders own 0.04% of the company’s stock.

Wall Street analysts predict growth

Several equities research analysts have commented on the company. Wells Fargo & Company lowered their price target on shares of Valero Energy from $179.00 to $156.00 and set an “equal weight” rating for the stock in a research report on Friday, July 12. Barclays lowered their price target on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating for the stock in a research report on Tuesday, July 9. Scotiabank increased their price target on shares of Valero Energy from $165.00 to $173.00 and gave the company a “sector outperform” rating in a research report on Friday, July 12. Mizuho raised Valero Energy from “neutral” to “outperform” and raised their price target for the company from $165.00 to $175.00 in a research report on Wednesday. Finally, Piper Sandler lowered their price target on shares of Valero Energy from $187.00 to $169.00 and set an “overweight” rating for the stock in a research report on Friday, June 14. One analyst rated the stock as a sell, four rated it a hold, eleven rated it a buy, and one assigned the stock a strong buy rating. Valero Energy has an average rating of “Moderate Buy” and a consensus price target of $171.47, according to MarketBeat.

Read our latest report on VLO

About Valero Energy

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Valero Energy Corporation produces, markets and commercializes petroleum-based transportation fuels and low-emission liquid fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru and internationally. It operates in three segments: refining, renewable diesel and ethanol.

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