Traders Sell Shares of Valero Energy Corp. (VLO) on Strength (VLO)
Investors sold shares of Valero Energy Corp. (NYSE:VLO) on strength during trading on Monday. $54.40 million flowed into the stock on the tick-up and $71.17 million flowed out of the stock on the tick-down, for a money net flow of $16.77 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 $0.69 for the day and closed at $54.19
Several brokerages recently commented on VLO. Vetr raised shares of Valero Energy Corp. from a “hold” rating to a “buy” rating and set a $63.26 price target for the company in a report on Monday, May 2nd. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a report on Sunday, June 12th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Valero Energy Corp. in a report on Saturday, July 9th. Howard Weil dropped their target price on shares of Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a report on Wednesday, July 27th. Finally, Simmons reaffirmed a “hold” rating and set a $63.00 target price (down previously from $66.00) on shares of Valero Energy Corp. in a report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $70.72.
The stock has a market cap of $24.72 billion and a PE ratio of 8.61. The firm’s 50 day moving average is $51.22 and its 200 day moving average is $57.52.
Valero Energy Corp. (NYSE:VLO) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.04. During the same quarter in the prior year, the business posted $2.66 EPS. The company had revenue of $19.58 billion for the quarter, compared to analysts’ expectations of $16.79 billion. The company’s revenue for the quarter was down 22.0% compared to the same quarter last year. Equities analysts forecast that Valero Energy Corp. will post $3.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 11th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Tuesday, August 9th.
A number of hedge funds recently bought and sold shares of the company. Jennison Associates LLC boosted its stake 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 in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake 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 valued at $1,115,000 after buying an additional 937 shares during the period. Eaton Vance Management boosted its stake in Valero Energy Corp. by 18.8% in the fourth quarter. Eaton Vance Management now owns 17,745 shares of the company’s stock valued at $1,255,000 after buying an additional 2,810 shares during the period. Ashburton Jersey Ltd acquired a new stake in Valero Energy Corp. during the fourth quarter valued at approximately $1,335,000. Finally, I.G. Investment Management LTD. boosted its stake 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 valued at $1,395,000 after buying an additional 489 shares during the period.
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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