Investors purchased shares of Valero Energy Corporation (NYSE:VLO) on weakness during trading on Thursday. $71.32 million flowed into the stock on the tick-up and $48.39 million flowed out of the stock on the tick-down, for a money net flow of $22.93 million into the stock. Of all equities tracked, Valero Energy Corporation had the 29th highest net in-flow for the day. Valero Energy Corporation traded down ($1.06) for the day and closed at $69.94

A number of equities analysts have commented on the stock. ValuEngine raised shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Valero Energy Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. 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. Scotiabank set a $70.00 price objective on shares of Valero Energy Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, Citigroup Inc. dropped their price objective on shares of Valero Energy Corporation from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Valero Energy Corporation presently has a consensus rating of “Buy” and an average price target of $72.56.

The company has a market capitalization of $31.42 billion, a P/E ratio of 17.56 and a beta of 1.19. The firm’s 50 day moving average price is $67.83 and its 200 day moving average price is $66.36.

Valero Energy Corporation (NYSE:VLO) last announced its quarterly earnings data 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 net margin of 2.17% and a return on equity of 8.59%. The firm 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 posted $1.07 earnings per share. Valero Energy Corporation’s quarterly revenue was up 13.6% on a year-over-year basis. Equities research analysts forecast that Valero Energy Corporation will post $4.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Wednesday, August 9th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Monday, August 7th. Valero Energy Corporation’s dividend payout ratio is currently 69.14%.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan Kaufman Purcell sold 5,151 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the transaction, the director now directly owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its stake in Valero Energy Corporation by 2.8% during the second quarter. BlackRock Inc. now owns 39,298,010 shares of the oil and gas company’s stock worth $2,651,044,000 after buying an additional 1,080,617 shares during the period. Vanguard Group Inc. boosted its stake in Valero Energy Corporation by 2.2% during the second quarter. Vanguard Group Inc. now owns 34,153,259 shares of the oil and gas company’s stock worth $2,303,979,000 after buying an additional 747,980 shares during the period. Ameriprise Financial Inc. boosted its stake in Valero Energy Corporation by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 11,825,862 shares of the oil and gas company’s stock worth $797,793,000 after buying an additional 65,704 shares during the period. LSV Asset Management boosted its stake in Valero Energy Corporation by 4.2% during the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company’s stock worth $612,324,000 after buying an additional 366,009 shares during the period. Finally, American International Group Inc. boosted its stake in Valero Energy Corporation by 1.4% during the first quarter. American International Group Inc. now owns 7,539,695 shares of the oil and gas company’s stock worth $499,806,000 after buying an additional 102,794 shares during the period. 80.75% of the stock is owned by institutional investors.

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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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