Valero Energy Corporation [VLO] COB & CEO makes an insider sale of 37,567 shares worth $4.77 million.


In a filing, Valero Energy Corporation revealed its COB & CEO Gorder Joseph W unloaded Company’s shares for reported $4.77 million on Oct 28. In the deal valued at $127.00 per share,37,567 shares were sold. As a result of this transaction, Gorder Joseph W now holds 569,786 shares worth roughly $ 75.09 million.

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Then, Riggs R. Lane sold 17,767 shares, generating $2,336,933 in total proceeds. Upon selling the shares at $131.53, the President & COO now owns 254,905 shares.

Jefferies initiated its Valero Energy Corporation [VLO] rating to a Buy in a research note published on Monday, October 19, 2022; the price target was $147. PT values the company’s stock at a premium of 10.35 to its Monday closing price. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid June with a ‘”a Market perform”‘ rating. Redburn also remained covering VLO and has decreased its forecast on June 01, 2022 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on September 07, 2021. It rated VLO as “an Overweight”.

Price Performance Review of VLO

On Monday, Valero Energy Corporation [NYSE:VLO] saw its stock jump 2.38% to $131.78. On the same session, the stock had its day’s lowest price of $128.82, but rose to a high of $132.93. Over the last five days, the stock has gained 4.96%. Valero Energy Corporation shares have risen nearly 75.45% since the year began. Nevertheless, the stocks have risen 69.12% over the past one year. While a 52-week high of $146.80 was reached on 06/08/22, a 52-week low of $65.13 was recorded on 01/24/22. SMA at 50 days reached $115.92, while 200 days put it at $108.93. A total of 3.76 million shares were traded, compared to the trading of 0.67 million shares in the previous session.

Levels Of Support And Resistance For VLO Stock

The 24-hour chart illustrates a support level at 129.42, which if violated will result in even more drops to 127.07. On the upside, there is a resistance level at 133.53. A further resistance level may holdings at 135.29. The Relative Strength Index (RSI) on the 14-day chart is 63.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.89%. Stochastics %K at 83.67% indicates the stock is a selling.

How much short interest is there in Valero Energy Corporation?

A steep rise in short interest was recorded in Valero Energy Corporation stocks on Jul 14, 2022, growing by 0.17 million shares to a total of 9.61 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.44 million shares. There was a rise of 1.77%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.37.

Valero Energy Corporation [VLO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 40,555,420 shares, or roughly 10.29% of the outstanding VLO shares. In other words, the investor’s shares have fallen by -5,789,460 from its previous 13-F filing of 46344880.0. Additionally, SSgA Funds Management, Inc. increased 2.45% of its stake after which the total value it holdings stand at $3,135,112,028, while BlackRock Fund Advisors reduced -7.52% of its stake to hold $2.47 billion in the firm. Over the last quarter, Fidelity Management & Research Co purchased 5,118,171 shares of Valero Energy Corporation, while Charles Schwab Investment Managem bought 242,848 shares. At present, Geode Capital Management LLC is holding 6,959,441 shares valued at $743.62 million. Morgan Stanley Smith Barney LLC owned 6,704,604 shares of the company at the time of its most recent 13F filing, worth $716.39 million.

The most recent change occurred on May 03, 2021 when Citigroup resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $121.


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