Valero Energy Co. (NYSE:VLO) Short Interest Up 26.8% in September

Valero Energy Co. (NYSE:VLO) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 11,680,000 shares, a growth of 26.8% from the September 15th total of 9,210,000 shares. Based on an average trading volume of 4,380,000 shares, the short-interest ratio is currently 2.7 days.

Shares of Valero Energy stock traded down $1.34 during trading hours on Friday, hitting $40.22. 5,520,339 shares of the company’s stock traded hands, compared to its average volume of 4,925,774. Valero Energy has a twelve month low of $31.00 and a twelve month high of $101.99. The company has a market cap of $16.40 billion, a PE ratio of 15.53 and a beta of 1.82. The company has a quick ratio of 1.01, a current ratio of 1.75 and a debt-to-equity ratio of 0.59. The stock has a 50 day simple moving average of $46.67 and a 200-day simple moving average of $54.77.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, July 30th. The oil and gas company reported ($1.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.41) by $0.16. Valero Energy had a return on equity of 5.30% and a net margin of 1.22%. The company had revenue of $10.40 billion for the quarter, compared to analyst estimates of $11.46 billion. During the same period in the prior year, the company posted $1.51 EPS. Valero Energy’s quarterly revenue was down 64.1% on a year-over-year basis. As a group, equities research analysts predict that Valero Energy will post -2.31 EPS for the current year.

VLO has been the topic of several recent analyst reports. CSFB reiterated a “buy” rating on shares of Valero Energy in a research report on Wednesday, September 30th. Wells Fargo & Company reissued a “buy” rating on shares of Valero Energy in a research report on Thursday, July 30th. Piper Sandler boosted their target price on shares of Valero Energy from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. Barclays cut their price target on shares of Valero Energy from $71.00 to $62.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Finally, ValuEngine raised shares of Valero Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Valero Energy currently has an average rating of “Buy” and a consensus target price of $69.00.

Several institutional investors have recently modified their holdings of VLO. State Street Corp grew its stake in Valero Energy by 8.5% in the first quarter. State Street Corp now owns 23,382,644 shares of the oil and gas company’s stock worth $1,060,637,000 after purchasing an additional 1,824,740 shares in the last quarter. FMR LLC increased its holdings in shares of Valero Energy by 5.2% in the 2nd quarter. FMR LLC now owns 10,010,645 shares of the oil and gas company’s stock valued at $588,827,000 after acquiring an additional 491,203 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Valero Energy by 33.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,881,291 shares of the oil and gas company’s stock valued at $345,938,000 after acquiring an additional 1,468,690 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of Valero Energy by 64.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 5,868,816 shares of the oil and gas company’s stock valued at $345,204,000 after acquiring an additional 2,301,509 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Valero Energy by 56.0% during the first quarter. Invesco Ltd. now owns 2,948,286 shares of the oil and gas company’s stock worth $133,734,000 after purchasing an additional 1,058,856 shares during the last quarter. Institutional investors and hedge funds own 73.55% of the company’s stock.

Valero Energy Company Profile

Valero Energy Corporation manufactures and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and Renewable Diesel. The company is involved in oil and gas refining, marketing, and bulk selling activities.

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