Valero Energy Co. (NYSE:VLO) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Wednesday, November 20th will be paid 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 of this dividend is Tuesday, November 19th.
Valero Energy stock traded down $0.21 during mid-day trading on Friday, hitting $100.61. The company had a trading volume of 2,220,109 shares, compared to its average volume of 3,169,100. The company has a current ratio of 1.40, a quick ratio of 0.88 and a debt-to-equity ratio of 0.42. Valero Energy has a 12-month low of $68.81 and a 12-month high of $101.99. The company’s fifty day moving average is $92.80 and its 200-day moving average is $83.60. The company has a market capitalization of $41.40 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 2.61 and a beta of 1.49.
Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, October 24th. The oil and gas company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.13. Valero Energy had a return on equity of 10.37% and a net margin of 2.12%. The business had revenue of $27.25 billion for the quarter, compared to analyst estimates of $25.93 billion. During the same quarter in the prior year, the firm posted $2.01 EPS. The business’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Valero Energy will post 4.83 EPS for the current fiscal year.
Several equities research analysts have commented on the company. Goldman Sachs Group set a $104.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada set a $99.00 price objective on Valero Energy and gave the stock a “buy” rating in a research report on Friday, October 25th. Morgan Stanley upped their price objective on 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 upped their price objective on 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 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 issued a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $101.13.
About Valero Energy
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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