Valero Energy Co. (VLO) CFO Michael S. Ciskowski Sells 251,530 Shares
Valero Energy Co. (NYSE:VLO) CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares in the company, valued at approximately $28,837,711.51. The sale was disclosed in a filing with the SEC, which is available through this link.
Valero Energy Co. (VLO) opened at $94.03 on Friday. The stock has a market capitalization of $41,530.00, a P/E ratio of 20.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39. Valero Energy Co. has a fifty-two week low of $60.69 and a fifty-two week high of $94.30.
Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. 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 posted $1.24 earnings per share. equities analysts expect that Valero Energy Co. will post 5 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 21st were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend was Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 60.74%.
Several equities research analysts recently commented on the company. Credit Suisse Group assumed coverage on Valero Energy in a research report on Wednesday. They set a “neutral” rating and a $91.00 target price on the stock. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Scotiabank reiterated a “buy” rating and issued a $93.00 price target on shares of Valero Energy in a report on Friday, December 22nd. Piper Jaffray Companies reiterated a “hold” rating and issued a $78.00 price target on shares of Valero Energy in a report on Friday, November 17th. Finally, Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price target on the stock. in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the company’s stock. Valero Energy presently has a consensus rating of “Hold” and a consensus target price of $81.41.
Institutional investors have recently modified their holdings of the company. Putnam FL Investment Management Co. purchased a new stake in shares of Valero Energy in the third quarter worth approximately $1,910,000. Aberdeen Asset Management PLC UK raised its stake in shares of Valero Energy by 19.0% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock worth $73,059,000 after purchasing an additional 172,788 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Valero Energy by 14.5% in the third quarter. Prudential Financial Inc. now owns 3,251,977 shares of the oil and gas company’s stock worth $250,174,000 after purchasing an additional 411,630 shares during the last quarter. Clinton Group Inc. raised its stake in shares of Valero Energy by 42.3% in the second quarter. Clinton Group Inc. now owns 34,022 shares of the oil and gas company’s stock worth $2,295,000 after purchasing an additional 10,112 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Valero Energy by 2.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 366,000 shares of the oil and gas company’s stock worth $28,275,000 after purchasing an additional 7,200 shares during the last quarter. 81.31% of the stock is owned by hedge funds and other institutional investors.
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Valero Energy 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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