Investors Sell Shares of Valero Energy (VLO) on Strength After Insider Selling

Investors sold shares of Valero Energy Co. (NYSE:VLO) on strength during trading hours on Monday following insider selling activity. $31.02 million flowed into the stock on the tick-up and $69.52 million flowed out of the stock on the tick-down, for a money net flow of $38.50 million out of the stock. Of all companies tracked, Valero Energy had the 0th highest net out-flow for the day. Valero Energy traded up $0.19 for the day and closed at $94.22Specifically, CFO Michael S. Ciskowski sold 251,530 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $93.29, for a total transaction of $23,465,233.70. Following the completion of the transaction, the chief financial officer now directly owns 309,119 shares of the company’s stock, valued at approximately $28,837,711.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Philip J. Pfeiffer sold 1,500 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $81.42, for a total value of $122,130.00. The disclosure for this sale can be found here. Insiders have sold a total of 301,287 shares of company stock valued at $27,860,150 over the last ninety days. 0.45% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on VLO shares. Zacks Investment Research raised Valero Energy from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Monday, October 16th. Citigroup raised their price objective on Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Cowen reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Valero Energy in a research note on Friday, November 3rd. Scotiabank reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Valero Energy in a research note on Tuesday, November 14th. Finally, ValuEngine raised Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $81.41.

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.91 and a quick ratio of 1.24. The stock has a market cap of $41,610.00, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.47 and a beta of 1.20.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.08. The company had revenue of $23.56 billion during the quarter, compared to the consensus estimate of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. Valero Energy’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.24 earnings per share. equities analysts predict that Valero Energy Co. will post 5 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.97%. The ex-dividend date was Monday, November 20th. Valero Energy’s payout ratio is 60.74%.

A number of institutional investors have recently added to or reduced their stakes in VLO. Neuberger Berman Group LLC increased its position in Valero Energy by 184.0% during the second quarter. Neuberger Berman Group LLC now owns 30,823 shares of the oil and gas company’s stock worth $2,079,000 after buying an additional 67,523 shares in the last quarter. Atlantic Trust Group LLC increased its position in Valero Energy by 4.9% during the second quarter. Atlantic Trust Group LLC now owns 13,067 shares of the oil and gas company’s stock worth $881,000 after buying an additional 612 shares in the last quarter. CIBC World Markets Inc. increased its position in Valero Energy by 30.2% during the second quarter. CIBC World Markets Inc. now owns 31,639 shares of the oil and gas company’s stock worth $2,134,000 after buying an additional 7,332 shares in the last quarter. Eaton Vance Management increased its position in Valero Energy by 2.1% during the second quarter. Eaton Vance Management now owns 13,671 shares of the oil and gas company’s stock worth $922,000 after buying an additional 285 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Valero Energy by 48.8% during the second quarter. Franklin Resources Inc. now owns 313,216 shares of the oil and gas company’s stock worth $21,130,000 after purchasing an additional 102,703 shares during the last quarter. 81.31% of the stock is owned by institutional investors.

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About Valero Energy

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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