Fintel reports that on April 6, 2023, Barclays maintained coverage of Valero Energy (NYSE:VLO) with a Overweight recommendation.
Analyst Price Forecast Suggests 22.98% Upside
As of April 6, 2023, the average one-year price target for Valero Energy is $166.13. The forecasts range from a low of $144.43 to a high of $197.40. The average price target represents an increase of 22.98% from its latest reported closing price of $135.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Valero Energy is $149,328MM, a decrease of 12.77%. The projected annual non-GAAP EPS is $17.08.
Valero Energy Declares $1.02 Dividend
On January 31, 2023 the company declared a regular quarterly dividend of $1.02 per share ($4.08 annualized). Shareholders of record as of February 14, 2023 received the payment on March 16, 2023. Previously, the company paid $0.98 per share.
At the current share price of $135.09 / share, the stock's dividend yield is 3.02%. Looking back five years and taking a sample every week, the average dividend yield has been 4.75%, the lowest has been 2.57%, and the highest has been 12.02%. The standard deviation of yields is 1.69 (n=237).
The current dividend yield is 1.02 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.13. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.04%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Perpetual Investment Management holds 3K shares representing 0.00% ownership of the company. No change in the last quarter.
VGLSX - Global Strategy Fund holds 6K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 6K shares, representing a decrease of 4.26%. The firm increased its portfolio allocation in VLO by 10.48% over the last quarter.
Hazlett, Burt & Watson holds 0K shares representing 0.00% ownership of the company.
Legacy Bridge holds 10K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 10K shares, representing a decrease of 0.41%. The firm increased its portfolio allocation in VLO by 5.39% over the last quarter.
JNL SERIES TRUST - JNL holds 122K shares representing 0.03% ownership of the company. In it's prior filing, the firm reported owning 133K shares, representing a decrease of 9.00%. The firm increased its portfolio allocation in VLO by 0.45% over the last quarter.
What is the Fund Sentiment?
There are 2359 funds or institutions reporting positions in Valero Energy.
This is an increase
of
90
owner(s) or 3.97% in the last quarter.
Average portfolio weight of all funds dedicated to VLO is 0.42%,
a decrease
of 2.18%.
Total shares owned by institutions decreased
in the last three months by 3.05% to 343,448K shares.
The put/call ratio of VLO is 0.90, indicating a
bullish
outlook.
Valero Energy Background Information
(This description is provided by the company.)
Valero Energy Corporation, through its subsidiaries (collectively, "Valero"), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.68 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America's largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero's brand names.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
