Traders Sell Valero Energy (VLO) on Strength (VLO)
Investors sold shares of Valero Energy Corporation (NYSE:VLO) on strength during trading on Thursday. $21.85 million flowed into the stock on the tick-up and $72.56 million flowed out of the stock on the tick-down, for a money net flow of $50.71 million out of the stock. Of all stocks tracked, Valero Energy had the 31st highest net out-flow for the day. Valero Energy traded up $0.62 for the day and closed at $85.59
Several equities analysts have issued reports on the stock. US Capital Advisors downgraded shares of Valero Energy from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub downgraded shares of Valero Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Cowen increased their price objective on shares of Valero Energy from $70.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, September 28th. UBS reaffirmed a “neutral” rating and set a $80.00 price objective (up from $69.00) on shares of Valero Energy in a report on Wednesday, September 27th. Finally, Zacks Investment Research raised shares of Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company. Valero Energy currently has an average rating of “Hold” and a consensus target price of $79.28.
The company has a market capitalization of $37,730.00, a PE ratio of 18.53, a P/E/G ratio of 1.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.
Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. equities analysts predict that Valero Energy Corporation will post 4.84 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 3.27%. The ex-dividend date is Monday, November 20th. Valero Energy’s payout ratio is currently 60.74%.
In related news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Stephen M. Waters sold 656 shares of the firm’s 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 90 days, insiders have sold 56,768 shares of company stock valued at $4,161,601. 0.45% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Shelton Capital Management increased its position in Valero Energy by 533.2% during the third quarter. Shelton Capital Management now owns 25,532 shares of the oil and gas company’s stock worth $1,964,000 after purchasing an additional 21,500 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Valero Energy by 300.6% during the third quarter. Chicago Partners Investment Group LLC now owns 1,863 shares of the oil and gas company’s stock worth $143,000 after purchasing an additional 1,398 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Valero Energy during the third quarter valued at about $1,696,000. Public Employees Retirement System of Ohio increased its position in shares of Valero Energy by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 324,435 shares of the oil and gas company’s stock valued at $24,959,000 after acquiring an additional 1,108 shares during the last quarter. Finally, Energy Opportunities Capital Management LLC acquired a new stake in shares of Valero Energy during the third quarter valued at about $2,192,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.
About Valero Energy
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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