Short Interest in Valero Energy Corporation (VLO) Drops By 13.6%

Valero Energy Corporation (NYSE:VLO) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 16,620,701 shares, a drop of 13.6% from the October 31st total of 19,230,330 shares. Based on an average daily volume of 3,291,781 shares, the short-interest ratio is presently 5.0 days. Currently, 3.8% of the shares of the stock are sold short.

Several research firms have recently weighed in on VLO. Piper Jaffray Companies restated a “hold” rating and issued a $78.00 target price on shares of Valero Energy in a research report on Friday, November 17th. Citigroup raised their target price on Valero Energy from $68.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, October 18th. Jefferies Group downgraded Valero Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. US Capital Advisors downgraded Valero Energy from an “overweight” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Cowen restated a “buy” rating and issued a $90.00 target price on shares of Valero Energy in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.28.

Valero Energy (NYSE:VLO) opened at $84.17 on Friday. Valero Energy has a 1 year low of $60.41 and a 1 year high of $85.86. The company has a market capitalization of $37,465.69, a P/E ratio of 18.49, a P/E/G ratio of 1.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.91.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $1.91 EPS for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.08. Valero Energy had a return on equity of 9.87% and a net margin of 2.33%. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $19.42 billion. During the same quarter last year, the business posted $1.24 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. analysts forecast that Valero Energy will post 4.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, November 20th. This represents a $2.80 dividend on an annualized basis and a yield of 3.33%. Valero Energy’s payout ratio is 60.48%.

In other news, CFO Michael S. Ciskowski sold 53,012 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $72.88, for a total value of $3,863,514.56. Following the transaction, the chief financial officer now owns 67,413 shares in the company, valued at $4,913,059.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Stephen M. Waters sold 656 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $75.86, for a total value of $49,764.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,268 shares of company stock worth $4,263,601. 0.45% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Willingdon Wealth Management purchased a new stake in Valero Energy in the third quarter valued at $100,000. Cable Hill Partners LLC raised its position in Valero Energy by 1,015.3% in the third quarter. Cable Hill Partners LLC now owns 1,316 shares of the oil and gas company’s stock valued at $101,000 after purchasing an additional 1,198 shares during the period. First Personal Financial Services raised its position in Valero Energy by 13.6% in the second quarter. First Personal Financial Services now owns 1,636 shares of the oil and gas company’s stock valued at $110,000 after purchasing an additional 196 shares during the period. San Francisco Sentry Investment Group CA raised its position in Valero Energy by 2,272.1% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company’s stock valued at $112,000 after purchasing an additional 1,386 shares during the period. Finally, Ffcm LLC raised its position in Valero Energy by 189.4% in the second quarter. Ffcm LLC now owns 1,881 shares of the oil and gas company’s stock valued at $128,000 after purchasing an additional 1,231 shares during the period. Hedge funds and other institutional investors own 81.82% of the company’s stock.

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About Valero Energy

Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’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.

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