Valero Energy Corporation (VLO) Director Stephen M. Waters Sells 1,600 Shares

Valero Energy Corporation (NYSE:VLO) Director Stephen M. Waters sold 1,600 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $78.87, for a total value of $126,192.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Stephen M. Waters also recently made the following trade(s):

  • On Thursday, September 28th, Stephen M. Waters sold 656 shares of Valero Energy Corporation stock. The stock was sold at an average price of $75.86, for a total value of $49,764.16.
  • On Wednesday, September 6th, Stephen M. Waters sold 1,500 shares of Valero Energy Corporation stock. The stock was sold at an average price of $68.00, for a total value of $102,000.00.

Valero Energy Corporation (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy Corporation had a return on equity of 9.93% and a net margin of 2.33%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $19.42 billion. During the same period last year, the company earned $1.24 EPS. Valero Energy Corporation’s quarterly revenue was up 19.9% compared to the same quarter last year.

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A number of research firms recently weighed in on VLO. US Capital Advisors downgraded Valero Energy Corporation from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research upgraded Valero Energy Corporation from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research report on Monday, October 23rd. BidaskClub downgraded Valero Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. Cowen and Company boosted their target price on Valero Energy Corporation from $70.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, September 28th. Finally, UBS AG restated a “neutral” rating and issued a $80.00 target price (up previously from $69.00) on shares of Valero Energy Corporation in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. Valero Energy Corporation presently has an average rating of “Hold” and a consensus price target of $77.19.

Several hedge funds have recently modified their holdings of the stock. Cable Hill Partners LLC raised its position in Valero Energy Corporation by 1,015.3% during the 3rd quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares in the last quarter. Independent Portfolio Consultants Inc. raised 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 valued at $109,000 after purchasing an additional 619 shares in the last quarter. First Personal Financial Services raised 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 valued at $110,000 after purchasing an additional 196 shares in the last quarter. Guardian Life Insurance Co. of America raised 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 valued at $116,000 after purchasing an additional 11 shares in the last quarter. Finally, Ffcm LLC raised 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 valued at $128,000 after purchasing an additional 1,231 shares in the last quarter. 80.63% of the stock is owned by hedge funds and other institutional investors.

About Valero Energy Corporation

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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