Valero Energy Corporation (VLO) stock is expected to deviate a maximum of $10.06 from the average target price of $68.09 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $82 and the most muted being $47.
Valero Energy Corporation (VLO) encountered a drop of 5.6% or -785,733 shares in the short positions. The number dropped from 14,071,653 on June 15,2016 to 13,285,920 on June 30,2016. The final interest is 2.8% of the floated stock. The days to cover figure of 2 can be arrived using the average daily exchange of 6,637,863 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the JP Morgan maintains the rating on Valero Energy Corporation (NYSE:VLO). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $57 per share to $59 per share. The rating by the firm was issued on June 10, 2016.
Valero Energy Corporation (NYSE:VLO): stock turned positive on Thursday. Though the stock opened at $49.96, the bulls momentum made the stock top out at $50.46 level for the day. The stock recorded a low of $49.42 and closed the trading day at $50.4, in the green by 1.74%. The total traded volume for the day was 5,975,054. The stock had closed at $49.54 in the previous days trading.
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.