Shares of Valero Energy Corporation (VLO) Sees Large Outflow of Money

Valero Energy Corporation (VLO) : The total money flow in Valero Energy Corporation (VLO) was negative ($2.63 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $18.21 million. In comparison, the inflow of money into the stock on upticks was $15.59 million. The uptick to downtick ratio was 0.86. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $3.87 million. The value of transactions on uptick was $2.19 million. The negative money flow of ($1.67 million) confirms the selling in Valero Energy Corporation (VLO) on strength. The uptick to downtick ratio of block trades was 0.57. Valero Energy Corporation (VLO) gained $0.25 at $51.1, a gain of 0.49% over the previous days close. However, the stock registered 2.32% in the week.


Also, Brokerage firm JP Morgan maintains its rating on Valero Energy Corporation (NYSE:VLO). As per the latest information, the brokerage house lowers the price target to $59 per share from a prior target of $57. The shares have been rated Overweight. The rating by the firm was issued on June 10, 2016.

Valero Energy Corporation (NYSE:VLO): The stock opened at $51.06 on Wednesday but the bulls could not build on the opening and the stock topped out at $51.15 for the day. The stock traded down to $50.50 during the day, due to lack of any buying support eventually closed down at $50.78 with a loss of -0.14% for the day. The stock had closed at $50.85 on the previous day. The total traded volume was 4,508,950 shares.

The stock has recorded a 20-day Moving Average of 0.43% and the 50-Day Moving Average is 3.66%. In a related news,The officer (EVP) of Valero Energy Corp/Tx, Crownover R. Michael sold 17,104 shares at $72.98 on November 24, 2015. The Insider selling transaction had a total value worth of $1,248,250. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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