Valero Energy Corporation (VLO) To Go Ex-Dividend on May 21st

Valero Energy Corporation (NYSE:VLO) declared a quarterly dividend on Thursday, May 7th. Shareholders of record on Thursday, May 21st will be given a dividend of 1.20 per share by the oil and gas company on Tuesday, June 23rd. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Thursday, May 21st.

Valero Energy has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Valero Energy has a dividend payout ratio of 48.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Valero Energy to earn $21.16 per share next year, which means the company should continue to be able to cover its $4.80 annual dividend with an expected future payout ratio of 22.7%.

Valero Energy Stock Up 1.9%

NYSE:VLO opened at $240.81 on Friday. The firm has a market capitalization of $72.01 billion, a price-to-earnings ratio of 17.50, a price-to-earnings-growth ratio of 0.34 and a beta of 0.58. Valero Energy has a twelve month low of $121.41 and a twelve month high of $258.43. The stock’s 50 day moving average price is $234.82 and its two-hundred day moving average price is $198.52. The company has a quick ratio of 1.11, a current ratio of 1.58 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. During the same quarter in the previous year, the firm earned $0.89 EPS. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Equities research analysts expect that Valero Energy will post 27.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 400 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Trading of Valero Energy

A number of institutional investors have recently modified their holdings of VLO. Nisa Investment Advisors LLC increased its stake in shares of Valero Energy by 17.4% in the third quarter. Nisa Investment Advisors LLC now owns 160,794 shares of the oil and gas company’s stock valued at $27,377,000 after buying an additional 23,859 shares during the period. Rakuten Investment Management Inc. acquired a new stake in shares of Valero Energy in the third quarter valued at about $4,534,000. Cerity Partners LLC increased its stake in shares of Valero Energy by 9.0% in the third quarter. Cerity Partners LLC now owns 104,859 shares of the oil and gas company’s stock valued at $17,853,000 after buying an additional 8,638 shares during the period. Tema Etfs LLC acquired a new stake in shares of Valero Energy in the third quarter valued at about $1,669,000. Finally, National Pension Service increased its stake in shares of Valero Energy by 3.6% in the third quarter. National Pension Service now owns 491,134 shares of the oil and gas company’s stock valued at $83,620,000 after buying an additional 17,165 shares during the period. 78.69% of the stock is currently owned by institutional investors.

About Valero Energy

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.