Insider Selling: Valero Energy Co. (VLO) CFO Sells 45,657 Shares of Stock

Valero Energy Co. (NYSE:VLO) CFO Michael S. Ciskowski sold 45,657 shares of the company’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $88.91, for a total value of $4,059,363.87. Following the completion of the transaction, the chief financial officer now owns 57,589 shares of the company’s stock, valued at approximately $5,120,237.99. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Valero Energy Co. (NYSE VLO) opened at $96.75 on Friday. Valero Energy Co. has a 1-year low of $60.69 and a 1-year high of $97.00. The firm has a market capitalization of $41,373.29, a PE ratio of 20.90, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company has a quick ratio of 1.24, a current ratio of 1.91 and a debt-to-equity ratio of 0.39.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.08. The firm had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $19.42 billion. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.24 EPS. equities research analysts forecast that Valero Energy Co. will post 4.97 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the company. Putnam FL Investment Management Co. bought a new position in Valero Energy during the 3rd quarter worth approximately $1,910,000. Aberdeen Asset Management PLC UK grew its position in Valero Energy by 19.0% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,082,989 shares of the oil and gas company’s stock worth $73,059,000 after acquiring an additional 172,788 shares during the last quarter. Brookstone Capital Management grew its position in Valero Energy by 4.4% during the 2nd quarter. Brookstone Capital Management now owns 86,688 shares of the oil and gas company’s stock worth $5,848,000 after acquiring an additional 3,644 shares during the last quarter. Andra AP fonden grew its position in Valero Energy by 2.9% during the 2nd quarter. Andra AP fonden now owns 71,300 shares of the oil and gas company’s stock worth $4,810,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Swiss National Bank grew its position in Valero Energy by 2.7% during the 2nd quarter. Swiss National Bank now owns 1,646,948 shares of the oil and gas company’s stock worth $111,103,000 after acquiring an additional 42,700 shares during the last quarter. Hedge funds and other institutional investors own 81.31% of the company’s stock.

VLO has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Scotiabank restated a “buy” rating and issued a $84.00 price objective on shares of Valero Energy in a research note on Tuesday, November 14th. Standpoint Research downgraded Valero Energy from a “buy” rating to a “hold” rating and set a $84.00 price target for the company. in a research note on Thursday, November 16th. Citigroup increased their price target on Valero Energy from $68.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Finally, Macquarie reiterated a “neutral” rating on shares of Valero Energy in a research note on Monday, October 23rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Valero Energy has a consensus rating of “Hold” and a consensus target price of $81.41.

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About Valero Energy

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.

Insider Buying and Selling by Quarter for Valero Energy (NYSE:VLO)

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