Investors Sell Valero Energy (VLO) on Strength (VLO)
Investors sold shares of Valero Energy Co. (NYSE:VLO) on strength during trading hours on Monday. $57.90 million flowed into the stock on the tick-up and $135.47 million flowed out of the stock on the tick-down, for a money net flow of $77.57 million out of the stock. Of all stocks tracked, Valero Energy had the 31st highest net out-flow for the day. Valero Energy traded up $1.42 for the day and closed at $88.84
Several research firms have recently weighed in on VLO. ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Cowen reissued a “buy” rating and issued a $100.00 price target on shares of Valero Energy in a research note on Thursday, February 1st. Royal Bank of Canada restated a “buy” rating and issued a $110.00 price objective on shares of Valero Energy in a report on Tuesday, January 30th. Zacks Investment Research lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Jefferies Group lowered shares of Valero Energy from a “buy” rating to a “hold” rating in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $89.06.
The company has a market capitalization of $39,240.00, a price-to-earnings ratio of 19.27, a PEG ratio of 1.10 and a beta of 0.99. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, February 12th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. This represents a $3.20 dividend on an annualized basis and a yield of 3.60%. Valero Energy’s dividend payout ratio is 60.74%.
Valero Energy announced that its board has initiated a share buyback program on Tuesday, January 23rd that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
In other Valero Energy news, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Michael S. Ciskowski sold 45,657 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now directly owns 57,589 shares in the company, valued at $5,120,237.99. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 299,687 shares of company stock worth $27,733,958. 0.45% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in the business. Buckingham Asset Management LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $229,000. X Square Capital LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $1,328,000. Princeton Capital Management LLC purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $603,000. BancorpSouth Bank purchased a new stake in shares of Valero Energy in the 4th quarter valued at approximately $4,276,000. Finally, Spark Investment Management LLC increased its position in shares of Valero Energy by 17.0% in the 4th quarter. Spark Investment Management LLC now owns 209,100 shares of the oil and gas company’s stock valued at $19,218,000 after purchasing an additional 30,400 shares during the last quarter. 81.03% of the stock is currently owned by institutional investors.
About Valero Energy
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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