Insider Selling: Valero Energy Director Sells 57,893 Shares of Stock (VLO)
Valero Energy (NYSE:VLO) Director William R. Klesse sold 57,893 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $53.22, for a total transaction of $3,081,065.46. Following the sale, the director now directly owns 1,063,400 shares in the company, valued at approximately $56,594,148. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Valero Energy (NYSE:VLO) traded up 1.56% on Tuesday, hitting $54.15. 5,078,594 shares of the company’s stock traded hands. Valero Energy has a 1-year low of $33.20 and a 1-year high of $59.69. The stock has a 50-day moving average of $50.16 and a 200-day moving average of $52.75. The company has a market cap of $28.589 billion and a P/E ratio of 9.52.
Valero Energy (NYSE:VLO) last released its earnings data on Wednesday, July 30th. The company reported $1.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.65 by $0.43. The company had revenue of $34.90 billion for the quarter, compared to the consensus estimate of $32.16 billion. During the same quarter last year, the company posted $0.90 earnings per share. Valero Energy’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that Valero Energy will post $5.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 17th. Investors of record on Wednesday, August 20th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date is Monday, August 18th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.25.
A number of analysts have recently weighed in on VLO shares. Analysts at Oppenheimer reiterated an “outperform” rating on shares of Valero Energy in a research note on Thursday, August 7th. They now have a $65.00 price target on the stock, down previously from $70.00. Separately, analysts at Credit Suisse raised their price target on shares of Valero Energy from $55.00 to $60.00 in a research note on Friday, August 1st. Finally, analysts at Macquarie cut their price target on shares of Valero Energy from $69.00 to $62.00 in a research note on Friday, July 11th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.85.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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