Valero Energy Corporation [VLO] Gorder Joseph W sells 75,580 Shares for $10.28 million


Valero Energy Corporation’s recent filing unveils that its Director Gorder Joseph W unloaded Company’s shares for reported $10.28 million on Aug 14. In the deal valued at $135.99 per share,75,580 shares were sold. As a result of this transaction, Gorder Joseph W now holds 621,872 shares worth roughly $ 82.78 million.

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Then, Simmons Gary K. sold 1,750 shares, generating $236,521 in total proceeds. Upon selling the shares at $135.16, the EVP & CCO now owns 165,299 shares.

Before that, Gorder Joseph W sold 37,567 shares. Valero Energy Corporation shares valued at $4,770,919 were divested by the COB & CEO at a price of $127.00 per share. As a result of the transaction, Gorder Joseph W now holds 569,786 shares, worth roughly $75.85 million.

BofA Securities downgraded its Valero Energy Corporation [VLO] rating to a Neutral from a a Buy in a research note published on Friday, August 15, 2023; the price target was decreased to $152 from $160. PT values the company’s stock at a premium of 12.42 to its Friday closing price.

Price Performance Review of VLO

On Friday, Valero Energy Corporation [NYSE:VLO] saw its stock jump 2.83% to $133.12. On the same session, the stock had its day’s lowest price of $129.08, but rose to a high of $135.78. Over the last five days, the stock has lost -0.34%. Valero Energy Corporation shares have risen nearly 4.93% since the year began. Nevertheless, the stocks have risen 9.01% over the past one year. While a 52-week high of $150.39 was reached on 01/27/23, a 52-week low of $97.73 was recorded on 05/04/23. SMA at 50 days reached $122.61, while 200 days put it at $125.77. A total of 5.16 million shares were traded, compared to the trading of 2.76 million shares in the previous session.

Levels Of Support And Resistance For VLO Stock

The 24-hour chart illustrates a support level at 129.54, which if violated will result in even more drops to 125.96. On the upside, there is a resistance level at 136.24. A further resistance level may holdings at 139.36. The Relative Strength Index (RSI) on the 14-day chart is 59.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.68%. Stochastics %K at 35.23% indicates the stock is a holding.

How much short interest is there in Valero Energy Corporation?

A steep rise in short interest was recorded in Valero Energy Corporation stocks on Aug 14, 2023, growing by 1.38 million shares to a total of 11.12 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.74 million shares. There was a rise of 12.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.07.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 32,655,156 shares, or roughly 9.25% of the outstanding VLO shares. In other words, the investor’s shares have fallen by -1,129,420 from its previous 13-F filing of 33784576.0. Additionally, SSgA Funds Management, Inc. decreased -7.51% of its stake after which the total value it holdings stand at $3,159,056,600, while BlackRock Fund Advisors reduced -15.42% of its stake to hold $2.38 billion in the firm. Over the last quarter, Fidelity Management & Research Co sold -2,400,592 shares of Valero Energy Corporation, while Charles Schwab Investment Managem sold 240,664 shares. At present, Geode Capital Management LLC is holding 6,653,462 shares valued at $857.7 million. Columbia Management Investment Ad owned 6,370,188 shares of the company at the time of its most recent 13F filing, worth $821.18 million.

According to FactSet, Valero Energy Corporation’s share price will average $147.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.64 percent from its previous closing price of $129.46. Analysts expect Valero Energy Corporation stock to reach the higher price of $171.00, while the lowest price estimate is $113.00. However, 21 analysts have rated VLO stock as an Overweight in their predictions for 2023.


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