VLO

Shares of Valero Energy Are Plummeting - Will This Trend Continue?

Valero Energy stock is trading -20.43% below its average target price of $151.94 after dropping -2.1% during today's evening session. Analysts are giving the large-cap Oil & Gas Integrated company an average rating of buy and target prices ranging from $130.0 to $171.0 per share.

Valero Energy's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.5%. The stock's short ratio is 3.53. The company's insiders own 0.48% 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 80.9%. In conclusion, we believe there is mixed market sentiment regarding Valero Energy.

Institutions Invested in Valero Energy

Date Reported Holder Percentage Shares Value
2023-09-30 Vanguard Group Inc 10% 33,158,395 $4,008,850,006
2023-09-30 Blackrock Inc. 9% 30,095,624 $3,638,560,987
2023-09-30 State Street Corporation 7% 24,175,254 $2,922,788,245
2023-09-30 FMR, LLC 3% 9,080,700 $1,097,856,643
2023-09-30 Morgan Stanley 3% 8,961,603 $1,083,457,816
2023-09-30 Charles Schwab Investment Management, Inc. 2% 8,044,977 $972,637,731
2023-09-30 Ameriprise Financial, Inc. 2% 6,796,865 $821,740,988
2023-09-30 Geode Capital Management, LLC 2% 6,644,893 $803,367,573
2023-09-30 Bank of America Corporation 1% 4,505,862 $544,758,722
2023-09-30 Nuveen Asset Management, LLC 1% 4,418,046 $534,141,768
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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