Traders bought shares of Valero Energy Co. (NYSE:VLO) on weakness during trading hours on Thursday. $82.09 million flowed into the stock on the tick-up and $39.30 million flowed out of the stock on the tick-down, for a money net flow of $42.79 million into the stock. Of all stocks tracked, Valero Energy had the 18th highest net in-flow for the day. Valero Energy traded down ($0.33) for the day and closed at $92.33
A number of equities research analysts have recently issued reports on VLO shares. ValuEngine upgraded Valero Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Credit Suisse Group started coverage on Valero Energy in a report on Wednesday, January 3rd. They set a “neutral” rating and a $91.00 target price on the stock. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 target price on the stock. in a report on Thursday, November 16th. Scotiabank reissued a “buy” rating and set a $93.00 target price on shares of Valero Energy in a report on Friday, December 22nd. Finally, Bank of America boosted their target price on Valero Energy from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have given a buy rating to the stock. Valero Energy currently has a consensus rating of “Hold” and an average price target of $92.35.
The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74. The firm has a market capitalization of $40,210.00, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.12 and a beta of 1.00.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Shareholders of record on Tuesday, February 13th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.47%. This is a positive change from Valero Energy’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend was Monday, February 12th. Valero Energy’s dividend payout ratio is currently 64.39%.
Valero Energy declared that its Board of Directors has approved a share repurchase plan on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
In other news, CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $88.91, for a total transaction of $4,059,363.87. Following the completion of the sale, the chief financial officer now directly owns 57,589 shares in the company, valued at approximately $5,120,237.99. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael S. Ciskowski sold 251,530 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $93.29, for a total value of $23,465,233.70. Following the sale, the chief financial officer now owns 309,119 shares of the company’s stock, valued at $28,837,711.51. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Green Square Capital LLC lifted its position in shares of Valero Energy by 17.7% during the 4th quarter. Green Square Capital LLC now owns 109,545 shares of the oil and gas company’s stock valued at $10,068,000 after acquiring an additional 16,499 shares during the period. Xact Kapitalforvaltning AB lifted its position in shares of Valero Energy by 12.4% during the 4th quarter. Xact Kapitalforvaltning AB now owns 44,346 shares of the oil and gas company’s stock valued at $4,076,000 after acquiring an additional 4,900 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of Valero Energy during the 4th quarter valued at $184,000. OLD Republic International Corp lifted its position in shares of Valero Energy by 42.9% during the 4th quarter. OLD Republic International Corp now owns 248,000 shares of the oil and gas company’s stock valued at $22,794,000 after acquiring an additional 74,500 shares during the period. Finally, Sawtooth Solutions LLC bought a new stake in shares of Valero Energy during the 4th quarter valued at $515,000. Hedge funds and other institutional investors own 80.10% of the company’s stock.
Valero Energy Company Profile
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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