This afternoon we watched Valero Energy rise 1.1% to a price of $133.48 per share. The large-cap Oil & Gas Integrated company is now trading -9.59% below its average target price of $147.64. Analysts have set target prices ranging from $130.0 to $162.0 per share for Valero Energy, and have given the stock an average rating of buy.
Valero Energy's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.0%. The stock's short ratio is 2.76. The company's insiders own 0.56% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 81.1%. In conclusion, we believe there is mixed market sentiment regarding Valero Energy.
Institutions Invested in Valero Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 10% | 34,197,149 | $4,564,635,302 |
| 2023-06-30 | Blackrock Inc. | 8% | 29,199,039 | $3,897,487,600 |
| 2023-06-30 | State Street Corporation | 7% | 24,505,908 | $3,271,048,495 |
| 2023-06-30 | FMR, LLC | 3% | 10,721,475 | $1,431,102,437 |
| 2023-06-30 | Morgan Stanley | 2% | 8,444,535 | $1,127,176,495 |
| 2023-06-30 | Charles Schwab Investment Management, Inc. | 2% | 8,279,603 | $1,105,161,373 |
| 2023-06-30 | Ameriprise Financial, Inc. | 2% | 6,902,150 | $921,298,952 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 6,653,462 | $888,104,079 |
| 2023-06-30 | Nuveen Asset Management, LLC | 2% | 6,128,301 | $818,005,591 |
| 2023-06-30 | Bank of America Corporation | 1% | 4,935,824 | $658,833,766 |
