Valero Energy Co. Announces Quarterly Dividend of $0.90 (NYSE:VLO)

Valero Energy Co. (NYSE:VLO) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 20th will be given a dividend of 0.90 per share by the oil and gas company on Wednesday, December 11th. This represents a $3.60 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, November 19th.

VLO stock opened at $100.61 on Monday. The firm has a 50 day moving average of $92.80 and a 200 day moving average of $83.60. The stock has a market capitalization of $41.40 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 2.61 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.40 and a debt-to-equity ratio of 0.42. Valero Energy has a 52 week low of $68.81 and a 52 week high of $101.99.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.13. The company had revenue of $27.25 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Valero Energy had a net margin of 2.12% and a return on equity of 10.37%. Valero Energy’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same period last year, the business earned $2.01 EPS. On average, equities research analysts expect that Valero Energy will post 4.83 earnings per share for the current year.

A number of analysts recently commented on VLO shares. Goldman Sachs Group set a $104.00 target price on shares of Valero Energy and gave the stock a “buy” rating in a research note on Friday, October 25th. Royal Bank of Canada set a $99.00 price target on shares of Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley raised their price target on shares of Valero Energy from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 22nd. Wells Fargo & Co raised their price target on shares of Valero Energy from $107.00 to $108.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Finally, ValuEngine lowered shares of Valero Energy from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $101.13.

Valero Energy Company Profile

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Dividend History for Valero Energy (NYSE:VLO)

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