Valero Energy Corporation (NYSE:VLO) has tumbled 3.22% during the past week and has dropped 7.87% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.06%. Valero Energy Corporation (NYSE:VLO) has underperformed the index by 8.72% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Valero Energy Corporation (NYSE:VLO): The stock opened at $51.91 on Friday but the bulls could not build on the opening and the stock topped out at $52.66 for the day. The stock traded down to $51.36 during the day, due to lack of any buying support eventually closed down at $51.71 with a loss of -0.15% for the day. The stock had closed at $51.79 on the previous day. The total traded volume was 7,101,985 shares.
The company shares have dropped -13.70% from its 1 Year high price. On Nov 24, 2015, the shares registered one year high at $73.88 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $54.91 and the 200 Day Moving Average price is recorded at $62.22.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Crownover R. Michael, officer (EVP) of Valero Energy Corp/Tx, had unloaded 17,104 shares at an average price of $72.98 in a transaction dated on November 24, 2015. The total value of the transaction was worth $1,248,250.
Many analysts have stated their opinion on the company shares. JP Morgan maintains its rating on Valero Energy Corporation (NYSE:VLO). The global brokerage major lowers the current price target from $57 per share to $59 per share. Analysts at the JP Morgan have a current rating of Overweight on the shares. The rating by the firm was issued on June 10, 2016. Currently the company Insiders own 0.4% of Valero Energy Corporation shares according to the proxy statements. Institutional Investors own 82.48% of Valero Energy Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -1.35%.
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Companys refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations in the United States, Canada, the United Kingdom, Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.