Huntington National Bank Maintains Position in Valero Energy Corp (VLO)

Lloyd Doyle
March 18, 2018

(VLO) by 23.09% based on its latest 2017Q3 regulatory filing with the SEC. Torch Wealth Management Llc bought 10,890 shares as the company's stock rose 8.03% with the market. The institutional investor held 22,905 shares of the integrated oil company at the end of 2017Q3, valued at $1.76M, down from 31,819 at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in Valero Energy Corp New for a number of months, seems to be bullish on the $40.63 billion market cap company. The stock increased 1.58% or $1.46 during the last trading session, reaching $93.79. About 1.92 million shares traded. Valero Energy Corporation (VLO) has risen 15.29% since March 16, 2017 and is uptrending. It has underperformed by 12.64% the S&P500.

S&T Bank decreased Parexel International Corp (PRXL) stake by 97.47% reported in 2017Q3 SEC filing. Duff & Phelps Investment Management Co sold 20,000 shares as the company's stock declined 7.37% while stock markets rallied.

The stock decreased 0.68% or $0.8 during the last trading session, reaching $117.12. Moreover, Royal Bank Of Scotland Group Plc has 5.4% invested in the company for 283,174 shares. Trimble Inc. (NASDAQ:TRMB) has risen 51.45% since March 17, 2017 and is uptrending. It has underperformed by 16.70% the S&P500.

Since September 19, 2017, it had 0 buys, and 4 insider sales for $27.47 million activity.

Investors sentiment increased to 0.9 in 2017 Q3. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.17 and a current ratio of 1.74. Investors of record on Tuesday, February 13th were issued a dividend of $0.80 per share. Los Angeles Cap Equity Rech Incorporated reported 123,843 shares or 0.03% of all its holdings. Moreover, Northern Tru Corporation has 0.13% invested in Valero Energy Corporation (NYSE:VLO) for 6.69 million shares. Diversified has 0.05% invested in Valero Energy Partners LP (NYSE:VLP). San Francisco Sentry Grp (Ca) owns 1,447 shares. 8,115 are owned by Lodestar Investment Counsel Limited Com Il. Point72 Asia (Hong Kong) Ltd stated it has 19,354 shares. It also reduced Altaba Inc stake by 723,954 shares and now owns 600,000 shares. Korea Inv holds 769,389 shares or 0.27% of its portfolio. Everence owns 5,294 shares for 0.14% of their portfolio. Janney Montgomery Scott Lc holds 62,244 shares or 0.05% of its portfolio. Callahan Advsrs Ltd Liability accumulated 359,204 shares or 1.83% of the stock. Bb&T Secs Ltd Liability holds 0.85% or 2.58 million shares. Stevens Capital Limited Partnership invested in 946,334 shares.

Saturna Capital Corp, which manages about $3.98 billion and $3.09 billion US Long portfolio, upped its stake in Qualcomm (NASDAQ:QCOM) by 10,955 shares to 824,472 shares, valued at $42.74M in 2017Q3, according to the filing. It also increased its holding in Dunkin' Brands Group Inc. It also reduced its holding in Brookfield Asset Management Inc (NYSE:BAM) by 497,100 shares in the quarter, leaving it with 9,158 shares, and cut its stake in Ishares S&P Small (IJS).

Analysts await Valero Energy Partners LP (NYSE:VLP) to report earnings on April, 27. They expect $0.68 EPS, down 5.56% or $0.04 from last year's $0.72 per share. VLO's profit will be $567.46M for 17.81 P/E if the $1.31 EPS becomes a reality. After $0.71 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts -4.23% negative EPS growth. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company. As per Friday, January 22, the company rating was upgraded by Deutsche Bank. The company was maintained on Thursday, August 17 by Morgan Stanley. Scotiabank reissued a "buy" rating and set a $93.00 price target on shares of Valero Energy in a research report on Friday, December 22nd. Barclays Capital maintained the shares of VLO in report on Tuesday, October 10 with "Overweight" rating. Zacks Investment Research lowered shares of Valero Energy Partners from a "hold" rating to a "sell" rating in a report on Sunday, January 21st. Piper Jaffray maintained the shares of VLO in report on Monday, August 22 with "Neutral" rating. The firm earned "Buy" rating on Wednesday, December 20 by RBC Capital Markets. The stock of Valero Energy Corporation (NYSE:VLO) has "Neutral" rating given on Tuesday, January 17 by Citigroup.


Investors sentiment decreased to 0.79 in Q3 2017. Its up 0.12, from 0.92 in 2017Q2. It is negative, as 112 investors sold GE shares while 818 reduced holdings. 7 funds opened positions while 25 raised stakes. Meeder Asset stated it has 0.1% in Granite Construction Incorporated (NYSE:GVA). This is an increase from Valero Energy's previous quarterly dividend of $0.70. The Maryland-based Brown Advisory has invested 0.02% in Trimble Inc. Barclays decreased their target price on Valero Energy Partners from $49.00 to $47.00 and set an "equal weight" rating for the company in a research report on Monday, February 5th. First Mercantile Trust owns 9,128 shares or 0.1% of their United States portfolio. Hyman Charles D invested 1.89% in Vulcan Materials Company (NYSE:VMC). Scotia Capital Inc invested in 0.2% or 185,348 shares. Wells Fargo & Mn, California-based fund reported 176,788 shares. Navellier Assocs accumulated 6,026 shares. Community Financial Bank Na has 417 shares.

Among 21 analysts covering United Technologies Corporation (NYSE:UTX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 83% are positive.

Valero Energy Partners LP owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The firm has "Buy" rating by Jefferies given on Monday, October 16. RBC Capital Markets has "Buy" rating and $63.0 target. The stock has "Neutral" rating by UBS on Wednesday, November 15. As per Wednesday, October 19, the company rating was maintained by Citigroup. RBC Capital Markets has "Outperform" rating and $76 target. The company was maintained on Friday, April 28 by Jefferies. On Friday, July 24 the stock rating was initiated by Macquarie Research with "Outperform".

Valero Energy announced that its board has authorized a share repurchase plan on Tuesday, January 23rd that authorizes the company to buyback $2.50 billion in shares. Cornerstone Advsr Inc holds 0.04% or 1,569 shares. Investec Asset Mgmt has 1.23% invested in Valero Energy Corporation (NYSE:VLO).

Since February 16, 2018, it had 0 insider purchases, and 5 insider sales for $299,241 activity.

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