Valero Energy Corporation (VLO) CFO Michael S. Ciskowski Sells 53,012 Shares
Valero Energy Corporation (NYSE:VLO) CFO Michael S. Ciskowski sold 53,012 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the completion of the sale, the chief financial officer now owns 67,413 shares in the company, valued at approximately $4,913,059.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Valero Energy Corporation (NYSE:VLO) traded up 1.04% during mid-day trading on Friday, reaching $74.12. 1,550,807 shares of the company’s stock traded hands. The firm has a market capitalization of $32.74 billion, a price-to-earnings ratio of 18.30 and a beta of 1.19. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $74.20. The stock has a 50-day moving average price of $68.09 and a 200 day moving average price of $66.42.
Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a net margin of 2.17% and a return on equity of 8.59%. The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same period last year, the firm earned $1.07 earnings per share. The company’s quarterly revenue was up 13.6% on a year-over-year basis. Analysts anticipate that Valero Energy Corporation will post $4.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.70 per share. The ex-dividend date was Monday, August 7th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 3.82%. Valero Energy Corporation’s dividend payout ratio is presently 69.14%.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in VLO. Independent Portfolio Consultants Inc. boosted its stake in shares of Valero Energy Corporation by 62.2% during the second quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 619 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Valero Energy Corporation by 13.6% during the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Valero Energy Corporation by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock valued at $116,000 after purchasing an additional 11 shares in the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Valero Energy Corporation during the first quarter valued at approximately $127,000. Finally, Ffcm LLC boosted its stake in shares of Valero Energy Corporation by 189.4% during the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.
VLO has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “hold” rating and issued a $73.00 price objective (up previously from $65.00) on shares of Valero Energy Corporation in a research report on Wednesday. ValuEngine raised Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Jefferies Group LLC reduced their price objective on Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price objective on shares of Valero Energy Corporation in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $73.09.
About Valero Energy Corporation
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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