Traders Sell Valero Energy Corp. (VLO) on Strength (VLO)
Investors sold shares of Valero Energy Corp. (NYSE:VLO) on strength during trading on Tuesday. $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 companies 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
A number of analysts have recently commented on the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Valero Energy Corp. in a research note on Saturday, July 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Valero Energy Corp. in a report on Sunday, June 12th. Howard Weil dropped their price objective on shares of Valero Energy Corp. from $61.00 to $60.00 and set a “sector outperform” rating on the stock in a report on Wednesday, July 27th. Simmons reissued a “hold” rating and issued a $63.00 price objective (down previously from $66.00) on shares of Valero Energy Corp. in a report on Wednesday, May 4th. Finally, Zacks Investment Research downgraded shares of Valero Energy Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. One 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 stock. The stock has an average rating of “Buy” and a consensus target price of $69.69.
The firm has a market cap of $25.74 billion and a P/E ratio of 8.97. The firm has a 50 day moving average of $52.93 and a 200 day moving average of $56.68.
Valero Energy Corp. (NYSE:VLO) last issued 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. The firm had revenue of $19.58 billion for the quarter, compared to analyst estimates of $16.79 billion. Valero Energy Corp.’s revenue for the quarter was down 22.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 EPS. On average, equities analysts forecast that Valero Energy Corp. will post $3.32 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 4.30%.
An institutional investor recently raised its position in Valero Energy Corp. stock. Jennison Associates LLC boosted its position in Valero Energy Corp. (NYSE:VLO) by 147.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 14,878 shares of the company’s stock after buying an additional 8,861 shares during the period. Jennison Associates LLC’s holdings in Valero Energy Corp. were worth $1,052,000 as of its most recent filing with the SEC.
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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