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Wolfe Research gives an Outperform recommendation for Valero Energy Corp. (VLO)

Valero Energy Corp.’s recent filing unveils that its Director Greene Kimberly S, unloaded Company’s shares for reported $0.11 million on May 09 ’24. In the deal valued at $158.12 per share,720 shares were sold. As a result of this transaction, Greene Kimberly S, now holds 13,314 shares worth roughly $1.81 million.

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A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “an Outperform”. Argus also remained covering VLO and has decreased its forecast on May 16, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Cowen maintained its rating on April 29, 2024. It rated VLO as “a Buy”.

Price Performance Review of VLO

On Tuesday, Valero Energy Corp. [NYSE:VLO] saw its stock jump 1.53% to $135.80. Over the last five days, the stock has lost -0.21%. Valero Energy Corp. shares have risen nearly 4.46% since the year began. Nevertheless, the stocks have fallen -5.48% over the past one year. While a 52-week high of $184.79 was reached on 04/05/24, a 52-week low of $119.88 was recorded on 01/18/24. SMA at 50 days reached $145.99, while 200 days put it at $148.33.

Levels Of Support And Resistance For VLO Stock

The 24-hour chart illustrates a support level at 134.66, which if violated will result in even more drops to 133.51. On the upside, there is a resistance level at 136.43. A further resistance level may holdings at 137.05. The Relative Strength Index (RSI) on the 14-day chart is 40.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.47%. Stochastics %K at 25.23% indicates the stock is a holding.

How much short interest is there in Valero Energy Corp.?

A steep rise in short interest was recorded in Valero Energy Corp. stocks on 2024-08-30, dropping by -0.54 million shares to a total of 12.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.51 million shares. There was a decline of -4.16%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 08, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $190.

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