Valero Energy Co. (NYSE:VLO) Short Interest Down 14.6% in July

Valero Energy Co. (NYSE:VLO) saw a significant decrease in short interest in July. As of July 15th, there was short interest totalling 7,450,000 shares, a decrease of 14.6% from the June 30th total of 8,720,000 shares. Based on an average daily trading volume, of 4,630,000 shares, the short-interest ratio is currently 1.6 days. Approximately 1.8% of the company’s shares are sold short.

Shares of VLO stock opened at $56.23 on Friday. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 21.71 and a beta of 1.96. Valero Energy has a one year low of $31.00 and a one year high of $101.99. The company’s fifty day moving average price is $57.93 and its 200-day moving average price is $63.78. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.31 and a quick ratio of 0.89.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, July 30th. The oil and gas company reported ($1.25) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.41) by $0.16. The firm had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $11.46 billion. Valero Energy had a net margin of 1.22% and a return on equity of 5.26%. The company’s revenue was down 64.1% on a year-over-year basis. During the same period last year, the firm earned $1.51 EPS. Equities research analysts expect that Valero Energy will post -1.71 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 4th will be given a dividend of $0.98 per share. The ex-dividend date is Monday, August 3rd. This represents a $3.92 annualized dividend and a dividend yield of 6.97%. Valero Energy’s payout ratio is 68.77%.

A number of equities analysts recently issued reports on the stock. Argus decreased their price target on shares of Valero Energy from $110.00 to $61.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Citigroup increased their price target on shares of Valero Energy from $60.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Piper Sandler increased their price target on shares of Valero Energy from $76.00 to $77.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Valero Energy in a research note on Thursday. Finally, Jefferies Financial Group raised shares of Valero Energy from a “hold” rating to a “buy” rating and decreased their target price for the company from $65.00 to $62.00 in a research note on Monday, July 20th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Valero Energy has an average rating of “Buy” and an average price target of $74.14.

A number of hedge funds and other institutional investors have recently made changes to their positions in VLO. BlackRock Inc. increased its position in shares of Valero Energy by 3.0% during the first quarter. BlackRock Inc. now owns 34,599,223 shares of the oil and gas company’s stock valued at $1,569,422,000 after acquiring an additional 998,183 shares during the last quarter. State Street Corp boosted its stake in shares of 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 valued at $1,060,637,000 after purchasing an additional 1,824,740 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Valero Energy by 41.5% in the first quarter. Victory Capital Management Inc. now owns 3,586,884 shares of the oil and gas company’s stock valued at $162,701,000 after purchasing an additional 1,052,007 shares during the period. APG Asset Management N.V. boosted its stake in shares of Valero Energy by 62.5% in the first quarter. APG Asset Management N.V. now owns 3,227,282 shares of the oil and gas company’s stock valued at $243,817,000 after purchasing an additional 1,240,983 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Valero Energy by 71.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,055,647 shares of the oil and gas company’s stock valued at $138,603,000 after purchasing an additional 1,276,000 shares during the period. Institutional investors own 75.55% of the company’s stock.

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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