Valero Energy (NYSE:VLO) SVP Eric Fisher Sells 7,500 Shares

Valero Energy Corporation (NYSE:VLOGet Free Report) SVP Eric Fisher sold 7,500 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $236.90, for a total transaction of $1,776,750.00. Following the transaction, the senior vice president owned 27,242 shares in the company, valued at approximately $6,453,629.80. The trade was a 21.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Valero Energy Trading Down 1.4%

NYSE:VLO opened at $236.50 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. Valero Energy Corporation has a one year low of $130.78 and a one year high of $265.61. The company has a market cap of $70.22 billion, a PE ratio of 17.19, a PEG ratio of 0.34 and a beta of 0.55. The firm has a 50-day moving average of $245.17 and a 200-day moving average of $214.70.

Valero Energy (NYSE:VLOGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, equities research analysts expect that Valero Energy Corporation will post 27.45 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Thursday, May 21st will be paid a $1.20 dividend. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a dividend yield of 2.0%. Valero Energy’s dividend payout ratio is presently 34.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on VLO. Mizuho boosted their price target on shares of Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group upped their price objective on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Wells Fargo & Company raised their target price on Valero Energy from $220.00 to $292.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Zacks Research raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Finally, Piper Sandler raised their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.59.

View Our Latest Analysis on Valero Energy

Valero Energy News Summary

Here are the key news stories impacting Valero Energy this week:

Institutional Investors Weigh In On Valero Energy

Several large investors have recently added to or reduced their stakes in VLO. V Square Quantitative Management LLC increased its stake in shares of Valero Energy by 0.6% in the first quarter. V Square Quantitative Management LLC now owns 6,670 shares of the oil and gas company’s stock worth $1,648,000 after purchasing an additional 42 shares in the last quarter. CYBER HORNET ETFs LLC raised its holdings in shares of Valero Energy by 5.5% in the 4th quarter. CYBER HORNET ETFs LLC now owns 975 shares of the oil and gas company’s stock valued at $159,000 after acquiring an additional 51 shares in the last quarter. Bruce G. Allen Investments LLC lifted its position in Valero Energy by 32.9% during the fourth quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company’s stock valued at $34,000 after purchasing an additional 51 shares during the last quarter. Providence Wealth Advisors LLC lifted its holdings in shares of Valero Energy by 0.5% during the 4th quarter. Providence Wealth Advisors LLC now owns 9,610 shares of the oil and gas company’s stock worth $1,564,000 after acquiring an additional 52 shares during the last quarter. Finally, KPP Advisory Services LLC lifted its stake in Valero Energy by 2.5% during the first quarter. KPP Advisory Services LLC now owns 2,156 shares of the oil and gas company’s stock worth $533,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

About Valero Energy

(Get Free Report)

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.

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