Valero Energy Corp. (VLO) Set to Announce Earnings on Wednesday
Valero Energy Corp. (NYSE:VLO) will be releasing its earnings data on Wednesday, January 29th. Investors interested in participating in the company’s conference call can do so using this link.
Shares of Valero Energy Corp. (NYSE:VLO) opened at 49.57 on Tuesday. Valero Energy Corp. has a 52-week low of $33.00 and a 52-week high of $53.64. The stock has a 50-day moving average of $49.36 and a 200-day moving average of $40.4. The company has a market cap of $26.746 billion and a P/E ratio of 11.05.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 12th. Investors of record on Wednesday, February 12th will be given a dividend of 0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Valero Energy Corp.’s previous quarterly dividend of $0.23.
A number of research firms have recently commented on VLO. Analysts at Raymond James downgraded shares of Valero Energy Corp. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Thursday, January 23rd. They now have a $63.00 price target on the stock. On the ratings front, analysts at Macquarie raised their price target on shares of Valero Energy Corp. from $65.00 to $69.00 in a research note to investors on Thursday, January 23rd. Finally, analysts at Citigroup Inc. initiated coverage on shares of Valero Energy Corp. in a research note to investors on Wednesday, January 22nd. They set a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Valero Energy Corp. currently has an average rating of “Buy” and an average target price of $52.42.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.