Valero Energy Co. (NYSE:VLO) will be issuing its quarterly earnings data on Tuesday, January 31st. Parties interested in participating in the company’s conference call can do so using this link.
Shares of Valero Energy Co. (NYSE:VLO) opened at 67.31 on Monday. The firm has a market capitalization of $30.47 billion, a PE ratio of 14.27 and a beta of 1.43. The firm has a 50-day moving average of $67.51 and a 200-day moving average of $59.03. Valero Energy Co. has a 1-year low of $46.88 and a 1-year high of $71.40.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 7th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, February 13th. This is an increase from Valero Energy’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 4.16%. Valero Energy’s dividend payout ratio is presently 50.74%.
A number of brokerages have recently commented on VLO. Deutsche Bank AG cut Valero Energy from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research note on Wednesday, January 4th. Vetr raised Valero Energy from a “sell” rating to a “hold” rating and set a $71.36 price target for the company in a research note on Tuesday, December 27th. Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research note on Friday, December 9th. Credit Suisse Group increased their target price on Valero Energy from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America Corporation raised Valero Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $68.00 to $86.00 in a research note on Thursday, January 5th. Ten investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Valero Energy currently has a consensus rating of “Buy” and a consensus price target of $69.37.
A number of large investors have recently made changes to their positions in the stock. Point72 Asia Hong Kong Ltd increased its stake in Valero Energy by 554.3% in the second quarter. Point72 Asia Hong Kong Ltd now owns 2,951 shares of the company’s stock worth $151,000 after buying an additional 2,500 shares in the last quarter. Cibc World Markets Corp increased its stake in Valero Energy by 20.1% in the second quarter. Cibc World Markets Corp now owns 4,292 shares of the company’s stock worth $219,000 after buying an additional 719 shares in the last quarter. Virtu Financial LLC purchased a new stake in Valero Energy during the second quarter worth $282,000. Allstate Corp purchased a new stake in Valero Energy during the second quarter worth $315,000. Finally, Accuvest Global Advisors purchased a new stake in Valero Energy during the second quarter worth $333,000. 78.40% of the stock is owned by institutional investors and hedge funds.
Valero Energy Company Profile
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.