×
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54

7 Stocks That Insiders are Buying Now - 1 of 7

 

#1 - Valero Energy Corporation (NYSE:VLO)

Valero Energy logo

Valero Energy Corporation (NYSE: VLO) - Leading off our presentation is one of the big boys in the energy sector. Valero is the largest global independent oil refiner with refineries throughout the United States, Canada, and the United Kingdom. Valero has outstanding fundamentals including, like a lot of energy stocks, a tempting dividend yield that is currently around 4.3%. With all that said, the stock is in the cyclical energy sector and right now the stock is in a trough. It has declined about 30% from its peak of about $121 in August of 2018. It has been trading in a tight range since the beginning of 2019 and has declined over 15% since a first-quarter earnings report that beat estimates but saw a year-over-year decline in gross operating revenue. The stock currently sits at just under $85 per share. However, since the fourth quarter of last year, directors of the company have combined to buy 25,000 shares that are worth $1.87 million. That level of buying is consistent with the company’s history of returning value to shareholders through share repurchases. For long-term investors who can stomach the volatility that is inherent in oil and gas stocks, Valero is a solid choice. 

About Valero Energy

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.Read More 
Current Price
$116.25
Consensus Rating
Moderate Buy
Ratings Breakdown
9 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
Consensus Price Target
$128.46 (10.5% Upside)




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