Valero Energy Corporation (NYSE:VLO) Stock Passes into Potential Pullback Range

Lloyd Doyle
January 13, 2018

RBC Capital Markets maintained the stock with "Buy" rating in Thursday, July 20 report. Fairview Capital Investment Management Llc who had been investing in Cheniere Energy Partners Lp for a number of months, seems to be bullish on the $15.09B market cap company. About 24.27 million shares traded or 9.17% up from the average. It has underperformed by 7.95% the S&P500.

Spectrum Management Group Inc increased its stake in Valero Energy Corp New (VLO) by 18.72% based on its latest 2017Q3 regulatory filing with the SEC. The institutional investor held 236,224 shares of the integrated oil company at the end of 2017Q3, valued at $18.17 million, down from 254,843 at the end of the previous reported quarter. At the time of writing, the stock is trading at $96.75, a change of 2.33% from the previous close. About 2.87 million shares traded.

Valero Energy Corporation (NYSE:VLO) shares have moved into overbought range as the 14-day RSI reading reached 84.72 after the recent close. It has underperformed by 1.41% the S&P500. Therefore 45% are positive. Cheniere Energy Partners LP had 11 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has "Buy" rating by Scotia Capital given on Thursday, December 21. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) rating on Friday, January 29. Citigroup increased their price objective on shares of Valero Energy from $68.00 to $76.00 and gave the company a buy rating in a report on Wednesday, October 18th. The rating was downgraded by Citigroup to "Neutral" on Tuesday, January 17. Vetr downgraded Valero Energy Corporation (NYSE:VLO) rating on Tuesday, August 11. The firm has "Buy" rating by DA Davidson given on Thursday, July 23. The stock of Valero Energy Corporation (NYSE:VLO) earned "Neutral" rating by JP Morgan on Friday, October 6. The company was maintained on Friday, February 3 by Mizuho. They set a "neutral" rating and a $47.00 price objective on the stock. As per Thursday, September 7, the company rating was maintained by Jefferies. Howard Weil maintained it with "Sector Outperform" rating and $62 target in Wednesday, October 26 report.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.19, from 1.19 in 2017Q2. It dropped, as 46 investors sold VLO shares while 310 reduced holdings. Jefferies Group analyst C. Goldman now anticipates that the pipeline company will post earnings of $0.70 per share for the quarter, down from their previous estimate of $0.77. Alliancebernstein L.P. now owns 5,483 shares of the pipeline company's stock worth $250,000 after purchasing an additional 307 shares during the period. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. Aberdeen Asset Management PLC UK boosted its stake in Valero Energy by 19.0% in the second quarter. Tortoise Cap Ltd Liability Corp reported 8.01M shares or 2.75% of all its holdings. 85,990 are owned by Bluemountain Limited Liability.

Bollard Group Llc increased Philip Morris Intl Inc (NYSE:PM) stake by 16,093 shares to 99,069 valued at $11.00M in 2017Q3.

Valero Energy Partners (NYSE:VLP) last issued its quarterly earnings results on Friday, October 27th. Loomis Sayles Company Ltd Partnership stated it has 16,833 shares. Lazard Asset Mngmt Limited Liability Company invested 0% in Valero Energy Corporation (NYSE:VLO). Bridgeway Capital owns 0.97% invested in Valero Energy Corporation (NYSE:VLO) for 1.10 million shares. Invest Centers Of America Incorporated invested in 0.04% or 6,831 shares.

Since September 6, 2017, it had 0 buys, and 5 insider sales for $27.57 million activity.

Nuveen Asset Management Llc, which manages about $15.29 billion US Long portfolio, upped its stake in Alexandria Real Estate Eq In (NYSE:ARE) by 299,410 shares to 816,974 shares, valued at $97.20 million in 2017Q3, according to the filing. It also increased its holding in Bristol Myers Squibb Co (NYSE:BMY) by 17,060 shares in the quarter, for a total of 38,553 shares, and has risen its stake in Owens & Minor Inc New (NYSE:OMI). Its down 0.19, from 1.19 in 2017Q2. It fall, as 44 investors sold CELG shares while 457 reduced holdings. 66 funds opened positions while 249 raised stakes. 202.87 million shares or 6.79% more from 189.97 million shares in 2017Q2 were reported. Hartford Investment Mngmt owns 116,673 shares for 0.17% of their portfolio. Philadelphia, a Pennsylvania-based fund reported 105,301 shares. 80,466 were reported by Hightower Advisors Ltd Liability. Cadence Capital Lc, a Massachusetts-based fund reported 6,745 shares. Intrust National Bank Na reported 0.36% stake. Cbre Clarion Secs Lc reported 67,302 shares or 0.04% of all its holdings. Wellington Mgmt Gp Llp holds 0.08% or 4.58 million shares. Choate Invest invested in 0.01% or 4,386 shares. (NYSE:ZAYO). Davidson Inv holds 0.52% or 139,115 shares.

Since August 3, 2017, it had 0 insider purchases, and 4 sales for $9.61 million activity. Shares for $1.98 million were sold by COURTOIS JEAN PHILIPPE. 372,314 Sysco Corporation (NYSE:SYY) shares with value of $19.77M were sold by PELTZ NELSON. Frank Joshua D. also sold $19.77M worth of Sysco Corporation (NYSE:SYY) shares. CISKOWSKI MICHAEL S sold $3.86 million worth of stock. Wellington Group Incorporated Llp has 4.58 million shares.

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