Michael S. Ciskowski Sells 53,012 Shares of Valero Energy Corporation (VLO) Stock
Valero Energy Corporation (NYSE:VLO) CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the transaction, the chief financial officer now directly owns 67,413 shares in the company, valued at approximately $4,913,059.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Valero Energy Corporation (VLO) traded up 0.25% during trading on Thursday, reaching $73.36. 3,106,079 shares of the company were exchanged. Valero Energy Corporation has a 1-year low of $51.17 and a 1-year high of $73.87. The company’s 50-day moving average price is $68.09 and its 200-day moving average price is $66.42. The stock has a market capitalization of $32.40 billion, a P/E ratio of 18.11 and a beta of 1.19.
Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that Valero Energy Corporation will post $4.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were given a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.82%. Valero Energy Corporation’s payout ratio is presently 69.14%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. lifted its position in shares of Valero Energy Corporation by 62.2% in the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after purchasing an additional 619 shares during the period. First Personal Financial Services lifted its position in shares of Valero Energy Corporation by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 196 shares during the period. Guardian Life Insurance Co. of America lifted its position in shares of Valero Energy Corporation by 0.6% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after purchasing an additional 11 shares during the period. Thompson Davis & CO. Inc. purchased a new stake in shares of Valero Energy Corporation in the 1st quarter worth approximately $127,000. Finally, Ffcm LLC lifted its position in shares of Valero Energy Corporation by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after purchasing an additional 1,231 shares during the period. 80.69% of the stock is owned by hedge funds and other institutional investors.
VLO has been the topic of a number of research analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $65.00 target price on shares of Valero Energy Corporation in a research note on Wednesday, June 21st. Standpoint Research initiated coverage on Valero Energy Corporation in a research note on Friday, June 30th. They issued an “accumulate” rating and a $84.00 target price on the stock. Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, BidaskClub cut Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. Valero Energy Corporation presently has a consensus rating of “Buy” and an average price target of $73.09.
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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