Traders Buy Shares of Valero Energy Corp. (VLO) on Weakness
Traders bought shares of Valero Energy Corp. (NYSE:VLO) on weakness during trading on Monday. $59.19 million flowed into the stock on the tick-up and $42.97 million flowed out of the stock on the tick-down, for a money net flow of $16.22 million into the stock. Of all companies tracked, Valero Energy Corp. had the 15th highest net in-flow for the day. Valero Energy Corp. traded down ($0.39) for the day and closed at $54.43
Several equities analysts recently commented on VLO shares. Goldman Sachs Group Inc. reissued a “top pick” rating on shares of Valero Energy Corp. in a research note on Thursday, June 30th. Zacks Investment Research lowered Valero Energy Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, May 30th. Vetr lowered Valero Energy Corp. from a “strong-buy” rating to a “buy” rating and set a $60.89 target price for the company. in a research note on Monday, August 15th. Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 target price on shares of Valero Energy Corp. in a research note on Thursday, July 14th. Finally, TheStreet lowered Valero Energy Corp. to a “hold” rating in a research note on Thursday, May 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $69.84.
The firm has a market cap of $25.11 billion and a price-to-earnings ratio of 8.75. The company’s 50 day moving average price is $51.85 and its 200-day moving average price is $56.70.
Valero Energy Corp. (NYSE:VLO) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The firm earned $19.58 billion during the quarter, compared to analyst estimates of $16.79 billion. During the same period last year, the business earned $2.66 EPS. The firm’s revenue was down 22.0% on a year-over-year basis. Equities analysts predict that Valero Energy Corp. will post $3.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 11th will be given a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $2.40 dividend on an annualized basis and a yield of 4.41%.
Several hedge funds and institutional investors have recently made changes to their positions in VLO. Jennison Associates LLC boosted its position in shares of Valero Energy Corp. by 147.3% in the fourth quarter. Jennison Associates LLC now owns 14,878 shares of the company’s stock valued at $1,052,000 after buying an additional 8,861 shares during the last quarter. Eaton Vance Management raised 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 worth $1,255,000 after buying an additional 2,810 shares during the period. Advisors Asset Management Inc. raised its stake in Valero Energy Corp. by 144.1% in the fourth quarter. Advisors Asset Management Inc. now owns 32,377 shares of the company’s stock worth $2,289,000 after buying an additional 19,115 shares during the period. Victory Capital Management Inc. raised its stake in Valero Energy Corp. by 8.0% in the fourth quarter. Victory Capital Management Inc. now owns 72,157 shares of the company’s stock worth $5,102,000 after buying an additional 5,351 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake 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 worth $419,027,000 after buying an additional 121,864 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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