Company shares are trading at $72.71 which is slightly above the 50 day moving average of $68.09 and which is just a bit higher than the 200 day moving average of $66.42. The 50 day moving average went up by +6.78% and the 200 day average went up $6.29 or +9.47%. Trading volume for Valero Energy Corporation was 3,829K by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 25.25% under the normal average daily volume.
Short traders are more bearish on Valero Energy Corporation recently if you take note of the rise in short interest. The stock realized a rise in short interest of 2.99% as of the latest report on August 31, 2017. Short interest grew 515,786 over that timeframe. Days to cover decreased 0.0 to 5.0 and the short interest percentage is 0.04% as of August 31.
These firms have modified their investment in VLO. Cantab Capital Partners Llp expanded its position by buying 8,193 shares an increase of 88.8% as of 06/30/2017. Cantab Capital Partners Llp currently owns 17,423 shares worth $1,175,000,000. The total value of its holdings increased 191,893.5%. Exane Derivatives grew its ownership by buying 1,794 shares an increase of 41.0% from 03/31/2017 to 06/30/2017. Exane Derivatives now holds 6,169 shares valued at $416,058,000. The value of the position overall is up by 143,864.7%.
As of the end of the quarter Next Financial Group, Inc had sold 708 shares trimming its position 14.8%. The value of the total investment in Valero Energy Corporation increased from $308,000 to $274,000,000 a change of 88,861.0% quarter over quarter. As of quarter end Gwm Advisors LLC had acquired a total of 155 shares growing its stake by 4.1%. The value of the investment in Valero Energy Corporation went from $249,000 to $268,211,000 a change of $267,962,000 for the reporting period.
On July 17 Citigroup maintained a stock rating of “Buy” but raised the price expectation to $68.00 from $61.00. Standpoint Research added the stock to its research portfolio by announcing an initial rating of “Accumulate”.
On June 22, 2017 the stock rating was changed to “Buy” according to a Jefferies report up from the previous “Neutral” rating.
The company is trading up by 0.71%% since yesterday’s close of 72.2. The company also declared a dividend that was paid on Thursday September 7th, 2017. The dividend payment was $0.700 per share for the quarter or $2.80 annualized. This dividend amount was represent a yield of $3.94. The ex-dividend date was set for Monday the 7th of August 2017.
The P/E ratio is currently 17.95 and the market cap is 32.11B. As of the latest earnings report the EPS was $4.05 and is estimated to be $4.29 for the current year with 441,663,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.89 and the next full year EPS is projected to be $5.55.
Valero Energy Corporation (Valero), launched on June 8, 1981, is an independent petroleum refiner and ethanol producer. The Business’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations. The Company owns logistics assets (crude oil pipelines, refined petroleum product pipelines, terminals, tanks, marine docks, truck rack bays and other assets) that support its refining operations. Some of these assets are owned by VLP, which is a midstream master limited partnership owned by the Company. VLP’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions. The Business’s refineries produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distillates, jet fuel, asphalt, petrochemicals, lubricants and other refined petroleum products..