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 business’s stock in a transaction that occurred 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Valero Energy Corporation (NYSE:VLO) opened at 74.29 on Friday. The firm has a 50-day moving average price of $68.09 and a 200 day moving average price of $66.42. The company has a market capitalization of $32.81 billion, a P/E ratio of 18.34 and a beta of 1.19. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $74.36.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The business had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the business posted $1.07 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts predict that Valero Energy Corporation will post $4.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were issued a $0.70 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.77%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.

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Several large investors have recently made changes to their positions in VLO. BlackRock Inc. increased its holdings in shares of Valero Energy Corporation by 2,578.1% in the 1st quarter. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company’s stock valued at $2,533,433,000 after acquiring an additional 36,790,343 shares during the period. FMR LLC increased its holdings in shares of Valero Energy Corporation by 146.1% in the 2nd quarter. FMR LLC now owns 2,224,590 shares of the oil and gas company’s stock valued at $150,071,000 after acquiring an additional 1,320,524 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Valero Energy Corporation by 6,236.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,226,760 shares of the oil and gas company’s stock valued at $18,185,000 after acquiring an additional 1,207,400 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Valero Energy Corporation by 1,780.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,127,141 shares of the oil and gas company’s stock valued at $76,039,000 after acquiring an additional 1,067,201 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Valero Energy Corporation by 88.7% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 2,138,646 shares of the oil and gas company’s stock valued at $144,273,000 after acquiring an additional 1,005,206 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.

Several equities analysts have recently issued reports on the company. Citigroup Inc. reduced their target price on Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday, July 17th. BidaskClub raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Morgan Stanley cut Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $77.00 to $70.00 in a research note on Tuesday, May 30th. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 6th. Finally, US Capital Advisors cut Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price 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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