Valero Energy Co. (NYSE:VLO – Get Free Report) declared a quarterly dividend on Thursday, July 18th, RTT News reports. Investors of record on Thursday, August 1st will be paid a dividend of 1.07 per share by the oil and gas company on Tuesday, September 3rd. This represents a $4.28 dividend on an annualized basis and a yield of 2.90%.
Valero Energy has raised its dividend payment by an average of 1.3% annually over the last three years. Valero Energy has a payout ratio of 30.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Valero Energy to earn $14.13 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 30.3%.
Valero Energy Stock Down 1.5 %
VLO traded down $2.27 during trading on Thursday, reaching $147.78. The company had a trading volume of 2,315,884 shares, compared to its average volume of 3,090,422. The company has a market cap of $48.32 billion, a P/E ratio of 7.43, a PEG ratio of 1.66 and a beta of 1.42. Valero Energy has a 12 month low of $115.50 and a 12 month high of $184.79. The business’s fifty day moving average price is $154.64 and its 200 day moving average price is $152.15. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10.
Insider Transactions at Valero Energy
In other news, Director Kimberly S. Greene sold 720 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total value of $113,846.40. Following the completion of the sale, the director now directly owns 13,314 shares of the company’s stock, valued at $2,105,209.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.04% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Citigroup raised their price objective on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a report on Thursday, April 18th. StockNews.com cut Valero Energy from a “buy” rating to a “hold” rating in a report on Wednesday. TD Cowen decreased their price objective on Valero Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, April 29th. Wells Fargo & Company reduced their price target on Valero Energy from $179.00 to $156.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, Mizuho upgraded Valero Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $165.00 to $175.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $170.75.
Get Our Latest Research Report on VLO
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.
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