7 Stocks That Insiders are Buying Now in 2019 - 2 of 8


 
#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 operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities. It produces conventional and premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel fuels, low-sulfur and ultra-low-sulfur diesel fuels, CARB diesel, other distillates, jet fuels, asphalts, petrochemicals, lubricants, and other refined petroleum products. As of December 31, 2018, the company owned 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day. It markets its refined products through wholesale rack and bulk markets; and through approximately 7,000 outlets under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brand names. The company also produces and sells ethanol, distiller grains, and corn oil primarily to refiners and gasoline blenders, as well as to animal feed customers. It owns and operates 14 ethanol plants with a combined ethanol production capacity of approximately 1.73 billion gallons per year. In addition, the company owns, operates, develops, and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets that provides transportation and terminaling services. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1980 and is headquartered in San Antonio, Texas.

Current Price: $78.12
Consensus Rating: Buy
Ratings Breakdown: 12 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $105.4727 (35.0% Upside)



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