Investors sold shares of Valero Energy Corp. (NYSE:VLO) on strength during trading on Wednesday. $59.55 million flowed into the stock on the tick-up and $72.73 million flowed out of the stock on the tick-down, for a money net flow of $13.18 million out of the stock. Of all equities tracked, Valero Energy Corp. had the 28th highest net out-flow for the day. Valero Energy Corp. traded up $0.43 for the day and closed at $52.92

Several equities analysts recently weighed in on VLO shares. Vetr lowered shares of Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 price target for the company. in a research report on Wednesday, August 3rd. Barclays PLC restated an “overweight” rating and set a $73.00 price target on shares of Valero Energy Corp. in a research report on Thursday, July 28th. Scotiabank restated a “sector outperform” rating and set a $60.00 price target (down previously from $61.00) on shares of Valero Energy Corp. in a research report on Wednesday, July 27th. Howard Weil reduced their price target on shares of Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 27th. Finally, Credit Suisse Group AG restated a “hold” rating and set a $62.00 price target on shares of Valero Energy Corp. in a research report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.72.

The firm has a market cap of $24.41 billion and a PE ratio of 8.50. The company has a 50-day moving average of $51.26 and a 200-day moving average of $57.38.

Valero Energy Corp. (NYSE:VLO) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.03 by $0.04. The company had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. The company’s revenue was down 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.66 earnings per share. On average, analysts predict that Valero Energy Corp. will post $3.24 EPS for the current fiscal 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 paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.54%.

A number of hedge funds and institutional investors have bought and sold shares of VLO. I.G. Investment Management LTD. increased 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 valued at $1,395,000 after buying an additional 489 shares during the last quarter. Pitcairn Co. increased its position in Valero Energy Corp. by 2.0% in the fourth quarter. Pitcairn Co. now owns 44,407 shares of the company’s stock valued at $3,140,000 after buying an additional 860 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased 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 valued at $1,115,000 after buying an additional 937 shares during the last quarter. Bragg Financial Advisors Inc increased its position in Valero Energy Corp. by 4.0% in the fourth quarter. Bragg Financial Advisors Inc now owns 35,512 shares of the company’s stock valued at $2,511,000 after buying an additional 1,375 shares during the last quarter. Finally, Eaton Vance Management increased 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 valued at $1,255,000 after buying an additional 2,810 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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