Valero Energy Corp (NYSE:VLO).
Thornburg Investment Management Inc bought 325,883 shares in quarter ending 09/30/2017 increasing its stake in Valero Energy Corp (VLO) by 18.6%. Its stake was valued at $159,875,000 an increase of $41,664,000 as of quarter end.
The following firms have recently changed their position in VLO. As of quarter end Baird Financial Group, Inc. had bought 29,780 shares growing its stake by 48.8%. The value of the investment in Valero Energy Corp went from $4,120,000 to $6,989,000 a change of $2,869,000 for the reporting period. As of the end of the quarter Agf Investments Inc. had acquired a total of 27,525 shares growing its position 35.8%. The value of the company’s investment in Valero Energy Corp increased from $5,193,000 to $8,036,000 increasing 54.7% quarter to quarter.
As of quarter end Tredje Ap-fonden had sold 81,560 shares trimming its holdings by 36.5%. The value of the total investment in Valero Energy Corp decreased from $15,054,000 to $10,893,000 a change of 27.6% quarter over quarter.
November 3 investment analysts at Cowen and Company made no change to the company rating of “Buy” with a current price target of $90.00.
October 23 investment analysts at Macquarie reiterated a “Neutral” rating on the stock. Equity analyst Citigroup raised the price target on October 18 changing the forecast from $68.00 to $76.00 with a “Buy” recommendation.
On October 17 Wells Fargo & Company kept the stock rating at “Outperform” projecting a price of $87.00.
In the market the company is trading up by 0.27% since yesterday’s close of 81.37. Valero Energy Corp currently has a P/E ratio of 17.71 and the market cap of the company is 36.04B. As of the last earnings report the EPS was $4.61 with 437.97M shares currently outstanding.
Traders are feeling more bearish on shares of the company lately considering the rise in short interest. The stock saw a rise in short interest of 3.06% as of the latest report on October 13, 2017. Short interest grew 655,189 over that timeframe. With short interest at 22,098,362 and short average daily volume at 2,849,910, days to cover is 8.0 and the percentage of shorted shares was 0.05% on October 13.