Traders sold shares of Valero Energy Corporation (NYSE:VLO) on strength during trading on Friday following insider selling activity. $37.13 million flowed into the stock on the tick-up and $66.22 million flowed out of the stock on the tick-down, for a money net flow of $29.09 million out of the stock. Of all equities tracked, Valero Energy Corporation had the 0th highest net out-flow for the day. Valero Energy Corporation traded up $0.68 for the day and closed at $69.54Specifically, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total value of $102,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now directly owns 9,866 shares of the company’s stock, valued at $638,132.88. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

VLO has been the subject of a number of analyst reports. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. US Capital Advisors reissued an “overweight” rating on shares of Valero Energy Corporation in a research note on Monday, May 22nd. BidaskClub cut shares of Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC reduced their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. One investment 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. Valero Energy Corporation has a consensus rating of “Buy” and an average target price of $72.56.

The company’s 50-day moving average is $67.47 and its 200-day moving average is $66.22. The firm has a market capitalization of $30.71 billion, a price-to-earnings ratio of 17.17 and a beta of 1.19.

Valero Energy Corporation (NYSE:VLO) last released its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The business had revenue of $22.25 billion during the quarter, compared to analyst estimates of $19.32 billion. During the same quarter in the prior year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts forecast that Valero Energy Corporation will post $4.14 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s payout ratio is 69.14%.

Several institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America grew its holdings in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after buying an additional 11 shares in the last quarter. BKD Wealth Advisors LLC grew its holdings in shares of Valero Energy Corporation by 0.4% during the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company’s stock worth $441,000 after buying an additional 24 shares in the last quarter. Brown Advisory Securities LLC grew its holdings in shares of Valero Energy Corporation by 0.7% during the first quarter. Brown Advisory Securities LLC now owns 3,815 shares of the oil and gas company’s stock worth $254,000 after buying an additional 25 shares in the last quarter. Eads & Heald Investment Counsel grew its holdings in shares of Valero Energy Corporation by 0.3% during the second quarter. Eads & Heald Investment Counsel now owns 8,420 shares of the oil and gas company’s stock worth $568,000 after buying an additional 25 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in shares of Valero Energy Corporation by 0.7% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 4,140 shares of the oil and gas company’s stock worth $279,000 after buying an additional 30 shares in the last quarter. 80.75% of the stock is owned by institutional investors and hedge funds.

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About Valero Energy Corporation

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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