Investors Sell Valero Energy Corporation (VLO) on Strength (VLO)

Traders sold shares of Valero Energy Corporation (NYSE:VLO) on strength during trading on Tuesday. $34.03 million flowed into the stock on the tick-up and $66.88 million flowed out of the stock on the tick-down, for a money net flow of $32.85 million out of the stock. Of all stocks tracked, Valero Energy Corporation had the 29th highest net out-flow for the day. Valero Energy Corporation traded up $0.49 for the day and closed at $78.89

VLO has been the topic of several recent research reports. Deutsche Bank AG reaffirmed a “hold” rating and issued a $73.00 price target (up previously from $65.00) on shares of Valero Energy Corporation in a research report on Wednesday, September 20th. Wells Fargo & Company reiterated an “outperform” rating and issued a $87.00 price objective (up previously from $74.00) on shares of Valero Energy Corporation in a research note on Tuesday, October 17th. ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research note on Monday, October 16th. Finally, Jefferies Group LLC decreased their price objective on shares of Valero Energy Corporation from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.19.

The firm’s 50-day moving average price is $75.96 and its 200-day moving average price is $68.66. The firm has a market capitalization of $34.84 billion, a price-to-earnings ratio of 19.47 and a beta of 1.21.

Valero Energy Corporation (NYSE:VLO) last announced its earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.93%. The business had revenue of $23.56 billion during the quarter, compared to analysts’ expectations of $19.42 billion. During the same period in the prior year, the company earned $1.24 earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. Equities research analysts predict that Valero Energy Corporation will post $4.82 earnings per share for the current fiscal year.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael S. Ciskowski sold 53,012 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $72.88, for a total transaction of $3,863,514.56. Following the sale, the chief financial officer now directly owns 67,413 shares of the company’s stock, valued at $4,913,059.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,168 shares of company stock valued at $4,015,279. 0.45% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Cable Hill Partners LLC increased its holdings in Valero Energy Corporation by 1,015.3% during the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after buying an additional 1,198 shares during the last quarter. Independent Portfolio Consultants Inc. increased its holdings in 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 buying an additional 619 shares during the last quarter. First Personal Financial Services increased its holdings in 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 buying an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America increased its holdings in 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 buying an additional 11 shares during the last quarter. Finally, Ffcm LLC increased its holdings in 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 buying an additional 1,231 shares during the last quarter. 80.63% of the stock is owned by institutional investors and hedge funds.

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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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