Valero Energy Corporation (VLO) : The total negative money flow of $32.55 million on Tuesday indicates selling on strength. The inflow of money on upticks was $28.88 million, compared to $61.43 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.47. The negative money flow of $32.7 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $32.7 million. The price action in the Valero Energy Corporation (VLO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $55.8 with a gain of $0.17 , a change of 0.31% over the previous days close. The stock registered 0.94% for the week.
Also, Equity Analysts at the Piper Jaffray maintains the rating on Valero Energy Corporation (NYSE:VLO). The brokerage firm has issued a Neutral rating on the shares. The Analysts at the ratings agency raises the price target from $48 per share to $54 per share. The rating by the firm was issued on August 22, 2016.
Shares of Valero Energy Corporation rose by 1.07% in the last five trading days and 9.29% for the last 4 weeks. Valero Energy Corporation is up 1.21% in the last 3-month period. Year-to-Date the stock performance stands at -18.55%.
Valero Energy Corporation (NYSE:VLO): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.78 and $55.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.80, notching a gain of 0.31% for the day. The total traded volume was 4,046,844 . The stock had closed at $55.63 on the previous day.
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.