Insider Selling: Valero Energy Corporation (VLO) Director Sells $122,130.00 in Stock

Valero Energy Corporation (NYSE:VLO) Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $81.42, for a total transaction of $122,130.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Valero Energy Corporation (NYSE VLO) traded up $0.76 during mid-day trading on Friday, reaching $82.88. 2,820,881 shares of the company traded hands, compared to its average volume of 4,077,852. The firm has a market capitalization of $36,270.00, a price-to-earnings ratio of 17.58, a PEG ratio of 1.69 and a beta of 1.17. The company has a current ratio of 1.91, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 52 week low of $60.35 and a 52 week high of $82.92.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion for the quarter, compared to analyst estimates of $19.42 billion. Valero Energy Corporation had a net margin of 2.33% and a return on equity of 9.87%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business earned $1.24 earnings per share. research analysts predict that Valero Energy Corporation will post 4.83 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $2.80 annualized dividend and a yield of 3.38%. Valero Energy Corporation’s dividend payout ratio is presently 60.74%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Algert Global LLC grew its position in shares of Valero Energy Corporation by 147.7% in the third quarter. Algert Global LLC now owns 31,461 shares of the oil and gas company’s stock valued at $2,420,000 after purchasing an additional 18,758 shares during the period. Americafirst Capital Management LLC acquired a new stake in shares of Valero Energy Corporation in the third quarter valued at about $335,000. Cypress Capital Group grew its position in shares of Valero Energy Corporation by 10.8% in the third quarter. Cypress Capital Group now owns 24,611 shares of the oil and gas company’s stock valued at $1,893,000 after purchasing an additional 2,398 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Valero Energy Corporation in the third quarter valued at about $549,000. Finally, Cetera Advisors LLC grew its position in shares of Valero Energy Corporation by 20.7% in the third quarter. Cetera Advisors LLC now owns 9,388 shares of the oil and gas company’s stock valued at $724,000 after purchasing an additional 1,607 shares during the period. Institutional investors own 80.81% of the company’s stock.

A number of equities analysts have recently issued reports on VLO shares. Deutsche Bank AG reiterated a “hold” rating and set a $73.00 price objective (up from $65.00) on shares of Valero Energy Corporation in a research note on Wednesday, September 20th. Wells Fargo & Company reiterated an “outperform” rating and set a $87.00 price objective (up 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 on the stock in a research note on Monday, October 16th. Finally, Jefferies Group LLC dropped their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $79.28.

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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