Traders Purchase Large Volume of Put Options on Valero Energy (VLO)
Shares of Valero Energy (NYSE:VLO) were the recipient of some unusual options trading on Monday. Traders purchased 17,381 put options on the company, AmericanBankingNews.com reports. This is an increase of approximately 196% compared to the typical daily volume of 5,881 put options.
In other Valero Energy news, Director William Klesse unloaded 45,182 shares of Valero Energy stock on the open market in a transaction dated Thursday, May 8th. The stock was sold at an average price of $56.80, for a total value of $2,566,337.60. Following the sale, the director now directly owns 1,121,293 shares of the company’s stock, valued at approximately $63,689,442. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at BofA Merrill Lynch downgraded shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Saturday. They now have a $63.00 price target on the stock. Finally, analysts at Oppenheimer upgraded shares of Valero Energy from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $70.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $60.00.
Shares of Valero Energy (NYSE:VLO) traded up 0.77% on Monday, hitting $55.27. 4,362,197 shares of the company’s stock traded hands. Valero Energy has a one year low of $33.00 and a one year high of $59.69. The stock has a 50-day moving average of $55.45 and a 200-day moving average of $50.13. The company has a market cap of $29.493 billion and a P/E ratio of 10.29.
Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $1.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.41 by $0.13. The company had revenue of $33.66 billion for the quarter, compared to the consensus estimate of $32.24 billion. During the same quarter in the prior year, the company posted $1.18 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Analysts expect that Valero Energy will post $6.57 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 18th. Investors of record on Wednesday, May 21st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Monday, May 19th.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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