Valero Energy Corporation (NYSE:VLO) Director Stephen M. Waters sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $68.00, for a total transaction of $102,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Valero Energy Corporation (NYSE VLO) traded up 1.10% during trading on Thursday, reaching $68.86. 3,648,398 shares of the company traded hands. The stock’s 50 day moving average price is $67.39 and its 200-day moving average price is $66.18. The stock has a market cap of $30.41 billion, a P/E ratio of 17.00 and a beta of 1.19. Valero Energy Corporation has a 12 month low of $51.17 and a 12 month high of $71.40.

Valero Energy Corporation (NYSE:VLO) last released its quarterly earnings results on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the firm posted $1.07 EPS. The business’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts expect that Valero Energy Corporation will post $4.14 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s dividend payout ratio (DPR) is currently 69.14%.

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Large investors have recently added to or reduced their stakes in the business. Independent Portfolio Consultants Inc. boosted its position in Valero Energy Corporation by 62.2% during the 2nd quarter. Independent Portfolio Consultants Inc. now owns 1,614 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. First Personal Financial Services boosted its position in Valero Energy Corporation by 13.6% during the 2nd quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 196 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in Valero Energy Corporation by 0.6% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 11 shares during the last quarter. Ffcm LLC boosted its position in Valero Energy Corporation by 189.4% during the 2nd quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock worth $128,000 after acquiring an additional 1,231 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in Valero Energy Corporation during the 1st quarter worth approximately $127,000. 80.75% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have commented on VLO shares. Goldman Sachs Group, Inc. (The) cut shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and raised their target price for the stock from $65.55 to $73.00 in a report on Tuesday, May 16th. US Capital Advisors reiterated an “overweight” rating on shares of Valero Energy Corporation in a report on Monday, May 22nd. Piper Jaffray Companies reiterated a “neutral” rating on shares of Valero Energy Corporation in a report on Thursday, May 25th. Morgan Stanley cut shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $77.00 to $70.00 in a report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $72.56.

Valero Energy Corporation 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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