Valero Energy Director Sells $3,081,065 in Stock (VLO)
Valero Energy (NYSE:VLO) Director William R. Klesse unloaded 57,893 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $53.22, for a total value 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 legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Valero Energy (NYSE:VLO) traded down 0.04% on Thursday, hitting $53.92. 1,427,352 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 $50.3 and a 200-day moving average of $52.78. The company has a market cap of $28.468 billion and a P/E ratio of 9.63.
Valero Energy (NYSE:VLO) last issued its quarterly 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. On average, analysts predict that Valero Energy will post $5.34 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 17th. Shareholders of record on Wednesday, August 20th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Monday, August 18th. This is a positive change from Valero Energy’s previous quarterly dividend of $0.25.
Several analysts have recently commented on the stock. 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 issued a buy rating and one has assigned a strong buy rating to the stock. Valero Energy currently has an average rating of “Buy” and a consensus price target of $57.85.
Valero Energy Corporation (NYSE:VLO) is an independent petroleum refining and marketing company.
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