Valero Energy Corporation (NYSE:VLO) Director Stephen M. Waters sold 1,500 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total value of $102,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Valero Energy Corporation (VLO) opened at 69.54 on Friday. The stock’s 50 day moving average price is $67.47 and its 200 day moving average price is $66.22. The firm has a market capitalization of $30.71 billion, a PE ratio of 17.17 and a beta of 1.19. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.

Valero Energy Corporation (NYSE:VLO) last issued its earnings results on Thursday, July 27th. The oil and gas company reported $1.23 EPS for the quarter, beating the 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 company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the company posted $1.07 EPS. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities research analysts expect that Valero Energy Corporation will post $4.14 earnings per share for the current fiscal year.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Independent Portfolio Consultants Inc. boosted its stake in shares of Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after buying an additional 619 shares during the last quarter. First Personal Financial Services boosted its stake in shares of Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after buying an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Valero Energy Corporation by 0.6% during the 1st 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 during the last quarter. Thompson Davis & CO. Inc. acquired a new position in shares of Valero Energy Corporation during the 1st quarter worth about $127,000. Finally, Ffcm LLC boosted its stake in shares of Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after buying an additional 1,231 shares during the last quarter. 80.75% of the stock is owned by hedge funds and other institutional investors.

VLO has been the topic of a number of research analyst reports. Credit Suisse Group reaffirmed a “hold” rating and set a $65.00 target price on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Morgan Stanley downgraded Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. BidaskClub raised Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) downgraded Valero Energy Corporation from a “buy” rating to a “neutral” rating and increased their target price for the stock from $65.55 to $73.00 in a report on Tuesday, May 16th. Finally, Scotiabank set a $70.00 target price on Valero Energy Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $72.56.

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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