Traders Sell Valero Energy Corp. (VLO) on Strength (VLO)
Traders sold shares of Valero Energy Corp. (NYSE:VLO) on strength during trading hours on Tuesday. $62.01 million flowed into the stock on the tick-up and $75.90 million flowed out of the stock on the tick-down, for a money net flow of $13.89 million out of the stock. Of all stocks tracked, Valero Energy Corp. had the 0th highest net out-flow for the day. Valero Energy Corp. traded up $0.72 for the day and closed at $52.35
A number of research firms recently issued reports on VLO. Wells Fargo & Co. reissued a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. TheStreet lowered Valero Energy Corp. to a “hold” rating in a report on Thursday, May 26th. Simmons reaffirmed a “hold” rating and issued a $63.00 price objective (down previously from $66.00) on shares of Valero Energy Corp. in a report on Wednesday, May 4th. Zacks Investment Research raised Valero Energy Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Vetr raised Valero Energy Corp. from a “hold” rating to a “buy” rating and set a $63.26 price objective on the stock in a report on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $70.72.
The stock’s 50 day moving average is $50.93 and its 200 day moving average is $57.79. The company has a market capitalization of $24.59 billion and a P/E ratio of 8.41.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.04. The company earned $19.58 billion during the quarter, compared to the consensus estimate of $16.79 billion. The company’s revenue was down 22.0% on a year-over-year basis. During the same quarter last year, the business earned $2.66 earnings per share. Equities analysts predict that Valero Energy Corp. will post $3.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 11th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, August 9th.
Several hedge funds and institutional investors recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Valero Energy Corp. by 16.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,213,275 shares of the company’s stock valued at $156,501,000 after buying an additional 308,624 shares during the period. Dimensional Fund Advisors LP boosted its position in Valero Energy Corp. by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,925,563 shares of the company’s stock valued at $419,027,000 after buying an additional 121,864 shares during the period. OppenheimerFunds Inc. boosted its position in Valero Energy Corp. by 92.9% in the fourth quarter. OppenheimerFunds Inc. now owns 208,213 shares of the company’s stock valued at $14,792,000 after buying an additional 100,273 shares during the period. Marshall Wace LLP boosted its position in Valero Energy Corp. by 168.8% in the fourth quarter. Marshall Wace LLP now owns 155,218 shares of the company’s stock valued at $10,975,000 after buying an additional 97,465 shares during the period. Finally, Adams Natural Resources Fund Inc. bought a new position in Valero Energy Corp. during the fourth quarter valued at about $5,869,000.
Valero Energy Corporation (Valero), through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company operates in two segments: refining and ethanol. Its refining segment includes refining and marketing operations in the United States, Canada, the United Kingdom, Aruba and Ireland.
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