Traders Sell Valero Energy Corp. (VLO) on Strength (VLO)
Investors sold shares of Valero Energy Corp. (NYSE:VLO) on strength during trading on Wednesday. $100.61 million flowed into the stock on the tick-up and $125.37 million flowed out of the stock on the tick-down, for a money net flow of $24.76 million out of the stock. Of all companies tracked, Valero Energy Corp. had the 0th highest net out-flow for the day. Valero Energy Corp. traded up $2.36 for the day and closed at $54.71
Several equities analysts recently weighed in on VLO shares. Barclays PLC reaffirmed an “overweight” rating and set a $73.00 price objective on shares of Valero Energy Corp. in a research report on Thursday, July 28th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a research report on Thursday, June 30th. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $57.85 price objective on the stock. in a research report on Tuesday, July 26th. Scotiabank reiterated a “sector outperform” rating and set a $60.00 price target (down previously from $61.00) on shares of Valero Energy Corp. in a report on Wednesday, July 27th. Finally, Wolfe Research downgraded Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a report on Monday, June 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $70.72.
The stock’s 50-day moving average price is $51.04 and its 200 day moving average price is $57.77. The company has a market capitalization of $25.70 billion and a P/E ratio of 8.79.
Valero Energy Corp. (NYSE:VLO) last posted its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $19.58 billion for the quarter, compared to analyst estimates of $16.79 billion. During the same period in the previous year, the firm posted $2.66 earnings per share. The firm’s revenue was down 22.0% compared to the same quarter last year. Equities analysts anticipate that Valero Energy Corp. will post $3.28 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 11th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date of this dividend is Tuesday, August 9th.
Several hedge funds and institutional investors have bought and sold shares of VLO. Jennison Associates LLC raised its position in Valero Energy Corp. by 147.3% in the fourth quarter. Jennison Associates LLC now owns 14,878 shares of the company’s stock worth $1,052,000 after buying an additional 8,861 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Valero Energy Corp. by 6.3% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 15,780 shares of the company’s stock worth $1,115,000 after buying an additional 937 shares during the last quarter. Eaton Vance Management raised its position in Valero Energy Corp. by 18.8% in the fourth quarter. Eaton Vance Management now owns 17,745 shares of the company’s stock worth $1,255,000 after buying an additional 2,810 shares during the last quarter. Ashburton Jersey Ltd acquired a new position in Valero Energy Corp. during the fourth quarter worth $1,335,000. Finally, I.G. Investment Management LTD. raised its position in Valero Energy Corp. by 2.5% in the fourth quarter. I.G. Investment Management LTD. now owns 19,733 shares of the company’s stock worth $1,395,000 after buying an additional 489 shares during the last quarter.
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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