Valero Energy Co. (NYSE:VLO) Short Interest Up 9.5% in June

Valero Energy Co. (NYSE:VLO) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 6,118,400 shares, a growth of 9.5% from the May 15th total of 5,586,700 shares. Based on an average daily volume of 3,490,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.5% of the shares of the company are sold short.

A number of brokerages recently issued reports on VLO. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $48.00 to $52.00 in a research note on Thursday, June 6th. JPMorgan Chase & Co. set a €20.00 ($23.26) price objective on shares of STMicroelectronics and gave the company a “buy” rating in a research note on Tuesday, May 14th. Credit Suisse Group set a $155.00 price objective on shares of Allergan and gave the company a “hold” rating in a research note on Monday, March 25th. Raymond James set a $33.00 target price on shares of LKQ and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, ValuEngine upgraded shares of Zillow Group from a “hold” rating to a “buy” rating in a research report on Thursday. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $109.02.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its holdings in Valero Energy by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 18,834 shares of the oil and gas company’s stock worth $1,412,000 after purchasing an additional 332 shares during the last quarter. First Mercantile Trust Co. boosted its holdings in Valero Energy by 615.9% during the first quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 4,804 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in Valero Energy during the first quarter worth about $2,706,000. First National Trust Co boosted its holdings in Valero Energy by 4.4% during the first quarter. First National Trust Co now owns 107,196 shares of the oil and gas company’s stock worth $9,093,000 after purchasing an additional 4,492 shares during the last quarter. Finally, Westchester Capital Management Inc. boosted its holdings in Valero Energy by 1.7% during the first quarter. Westchester Capital Management Inc. now owns 93,185 shares of the oil and gas company’s stock worth $7,905,000 after purchasing an additional 1,515 shares during the last quarter. 76.88% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:VLO opened at $84.75 on Friday. Valero Energy has a 52 week low of $68.81 and a 52 week high of $122.42. The business’s fifty day simple moving average is $78.59. The firm has a market capitalization of $35.36 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.80 and a beta of 1.47. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41.

Valero Energy (NYSE:VLO) last announced its earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.14. Valero Energy had a net margin of 2.43% and a return on equity of 12.52%. The business had revenue of $24.26 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter last year, the firm earned $1.00 earnings per share. Valero Energy’s quarterly revenue was down 8.2% on a year-over-year basis. Research analysts anticipate that Valero Energy will post 5.84 earnings per share for the current fiscal year.

About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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