Investors Buy Valero Energy Corporation (VLO) on Weakness
Investors bought shares of Valero Energy Corporation (NYSE:VLO) on weakness during trading hours on Monday. $86.75 million flowed into the stock on the tick-up and $68.49 million flowed out of the stock on the tick-down, for a money net flow of $18.26 million into the stock. Of all companies tracked, Valero Energy Corporation had the 24th highest net in-flow for the day. Valero Energy Corporation traded down ($0.14) for the day and closed at $77.40
A number of research firms have recently weighed in on VLO. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Monday. Macquarie downgraded shares of Valero Energy Corporation from an “outperform” rating to a “neutral” rating in a report on Monday. US Capital Advisors downgraded shares of Valero Energy Corporation from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG restated a “hold” rating and set a $73.00 price target (up previously from $65.00) on shares of Valero Energy Corporation in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $76.39.
The firm’s 50 day moving average is $74.39 and its 200 day moving average is $68.01. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 19.11 and a beta of 1.22.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. During the same period last year, the firm earned $1.07 earnings per share. Valero Energy Corporation’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that Valero Energy Corporation will post $4.74 earnings per share for the current year.
In other Valero Energy Corporation news, CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen M. Waters sold 656 shares of the stock in a transaction dated Thursday, September 28th. The stock was sold at an average price of $75.86, for a total transaction of $49,764.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,168 shares of company stock worth $4,015,279. 0.45% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in VLO. Waldron LP grew its stake in Valero Energy Corporation by 45.7% during the first quarter. Waldron LP now owns 8,455 shares of the oil and gas company’s stock worth $560,000 after buying an additional 2,650 shares in the last quarter. Stifel Financial Corp grew its stake in Valero Energy Corporation by 133.7% during the first quarter. Stifel Financial Corp now owns 1,340,904 shares of the oil and gas company’s stock worth $88,895,000 after buying an additional 767,150 shares in the last quarter. Glenview Trust Co grew its stake in Valero Energy Corporation by 0.6% during the first quarter. Glenview Trust Co now owns 164,513 shares of the oil and gas company’s stock worth $10,905,000 after buying an additional 1,060 shares in the last quarter. Clinton Group Inc. acquired a new stake in Valero Energy Corporation during the first quarter worth about $1,585,000. Finally, Victory Capital Management Inc. grew its stake in Valero Energy Corporation by 18.2% during the first quarter. Victory Capital Management Inc. now owns 125,425 shares of the oil and gas company’s stock worth $8,314,000 after buying an additional 19,323 shares in the last quarter. Hedge funds and other institutional investors own 80.63% of the company’s stock.
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Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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