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 0th highest net out-flow for the day. Valero Energy traded up $0.62 for the day and closed at $85.59
A number of research analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated a “hold” rating and set a $78.00 price objective on shares of Valero Energy in a report on Friday, November 17th. Citigroup lifted their price objective on shares of Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, October 18th. Jefferies Group cut shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. US Capital Advisors cut shares of Valero Energy from an “overweight” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Cowen restated a “buy” rating and set a $90.00 price target on shares of Valero Energy in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.28.
The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The company has a market capitalization of $37,452.55, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 1.75 and a beta of 1.20.
Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. The business had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy had a net margin of 2.33% and a return on equity of 9.87%. Valero Energy’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS. equities research analysts forecast that Valero Energy Corporation will post 4.9 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Monday, November 20th. Valero Energy’s dividend payout ratio (DPR) is presently 60.48%.
In other Valero Energy news, Director Stephen M. Waters sold 656 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total transaction of $122,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 56,768 shares of company stock worth $4,161,601 in the last ninety days. 0.45% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Willingdon Wealth Management purchased a new stake in shares of Valero Energy in the 3rd quarter valued at $100,000. Cable Hill Partners LLC boosted its stake in shares of Valero Energy by 1,015.3% in the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Valero Energy by 13.6% in the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares in the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Valero Energy by 2,272.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 1,386 shares in the last quarter. Finally, Ffcm LLC boosted its stake in shares of Valero Energy by 189.4% in the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. 81.81% of the stock is owned by institutional investors and hedge funds.
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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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