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 Wednesday. $28.88 million flowed into the stock on the tick-up and $61.43 million flowed out of the stock on the tick-down, for a money net flow of $32.55 million out of the stock. Of all equities tracked, Valero Energy Corp. had the 0th highest net out-flow for the day. Valero Energy Corp. traded up $0.17 for the day and closed at $55.80
VLO has been the topic of a number of research reports. Barclays PLC reaffirmed an “overweight” rating and set a $73.00 target price on shares of Valero Energy Corp. in a research note on Thursday, July 28th. Scotiabank reaffirmed a “sector outperform” rating and set a $60.00 target price (down previously from $61.00) on shares of Valero Energy Corp. in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. reaffirmed a “top pick” rating on shares of Valero Energy Corp. in a research note 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 target price on the stock. in a research note on Tuesday, July 26th. Finally, Wolfe Research lowered shares of Valero Energy Corp. from an “outperform” rating to a “market perform” rating in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Valero Energy Corp. has an average rating of “Buy” and an average price target of $69.76.
The firm has a market capitalization of $25.54 billion and a P/E ratio of 8.89. The stock’s 50 day moving average is $53.10 and its 200 day moving average is $56.67.
Valero Energy Corp. (NYSE:VLO) last issued its earnings results on Tuesday, July 26th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.04. The business had revenue of $19.58 billion for the quarter, compared to the consensus estimate of $16.79 billion. During the same quarter in the previous year, the company earned $2.66 earnings per share. The firm’s revenue was down 22.0% on a year-over-year basis. Equities research analysts predict that Valero Energy Corp. will post $3.32 EPS for the current fiscal year.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Tuesday, August 9th.
An institutional investor recently raised its position in Valero Energy Corp. stock. Dimensional Fund Advisors LP increased its stake in shares of Valero Energy Corp. (NYSE:VLO) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,925,563 shares of the company’s stock after buying an additional 121,864 shares during the period. Dimensional Fund Advisors LP owned 1.23% of Valero Energy Corp. worth $419,027,000 at the end of the most recent 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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