On May 13, a recent SEC filing unveiled that Kimberly S Greene, Director at Valero Energy (NYSE:VLO) made an insider sell.
What Happened: Greene's decision to sell 720 shares of Valero Energy was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Monday. The total value of the sale is $113,850.
The latest update on Tuesday morning shows Valero Energy shares down by 1.09%, trading at $154.23.
Delving into Valero Energy's Background
Valero Energy is one of the largest independent refiners in the United States. It operates 15 refineries with a total throughput capacity of 3.2 million barrels a day in the United States, Canada, and the United Kingdom. Valero also owns 12 ethanol plants with capacity of 1.6 billion gallons a year and holds a 50% stake in Diamond Green Diesel, which has capacity to produce 1.2 billion gallons per year of renewable diesel.
Valero Energy: Delving into Financials
Revenue Challenges: Valero Energy's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -12.84%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind ...