Valero Energy Corporation (NYSE:VLO) Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Stephen M. Waters also recently made the following trade(s):

  • On Thursday, September 28th, Stephen M. Waters sold 656 shares of Valero Energy Corporation stock. The stock was sold at an average price of $75.86, for a total value of $49,764.16.
  • On Wednesday, September 6th, Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock. The stock was sold at an average price of $68.00, for a total value of $102,000.00.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.24 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy Corporation’s payout ratio is 60.48%.

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Hedge funds have recently modified their holdings of the business. Cable Hill Partners LLC grew its holdings in shares of Valero Energy Corporation by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock worth $101,000 after purchasing an additional 1,198 shares during the last quarter. Independent Portfolio Consultants Inc. grew its holdings in shares of Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after buying an additional 619 shares during the last quarter. First Personal Financial Services grew its holdings in shares of Valero Energy Corporation by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after buying an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America grew its holdings in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares during the last quarter. Finally, Ffcm LLC grew its holdings in shares of Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after buying an additional 1,231 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.

Several research firms have recently commented on VLO. Evercore ISI raised Valero Energy Corporation from an “in-line” rating to an “outperform” rating in a research report on Thursday. Jefferies Group LLC lowered Valero Energy Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Zacks Investment Research raised Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a research report on Monday, October 16th. Citigroup Inc. boosted their price target on Valero Energy Corporation from $68.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, Wells Fargo & Company reissued an “outperform” rating and issued a $87.00 price target (up from $74.00) on shares of Valero Energy Corporation in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $77.19.

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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