Economy

Valero Energy Corporation (NYSE:VLO) Upward Momentum Touches New Heights

Valero Energy Corporation (NYSE:VLO) Upward Momentum Touches New Heights”

Alliancebernstein L.P. cut its stake in Valero Energy Corporation (NYSE:VLO) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Stifel Financial Corp boosted its holdings in Valero Energy Corporation by 133.7% in the first quarter. It also reduced Arcelormittal Sa Luxembourg Ny Registry Sh (NYSE:MT) stake by 916,740 shares and now owns 270,066 shares. If the published price targets set by Valero Energy Corporation analysts have any power to influence the stock's share price, the highest price target set for VLO is $85. The Luminus Management Llc holds 1.76M shares with $120.32 million value, up from 696,297 last quarter. The stock exchanged hands with 2,081,332 numbers of shares compared to its average daily volume of 2.05M shares. 805,196 are owned by Blackrock Japan Ltd. Gemmer Asset Mngmt Lc invested 0.01% in Valero Energy Corporation (NYSE:VLO). Pittenger & Anderson Inc. now owns 9,285 shares of the oil and gas company's stock valued at $626,000 after buying an additional 2,910 shares during the period. Badgley Phelps & Bell has invested 0.53% in Valero Energy Corporation (NYSE:VLO). The target implies a 3.21% spike from where the shares are now trading. Finally, Eads & Heald Investment Counsel lifted its stake in Valero Energy Corporation by 0.3% during the 2nd quarter. Franklin Resources Inc. now owns 313,216 shares of the oil and gas company's stock valued at $21,130,000 after buying an additional 102,703 shares during the period. Moreover, First National Bank Of Omaha has 0.11% invested in the company for 64,640 shares.

VLO has been the subject of several research reports. Jefferies downgraded Valero Energy Corporation (NYSE:VLO) on Thursday, January 12 to "Hold" rating. Wunderlich maintained the shares of DSPG in report on Friday, July 31 with "Buy" rating. If the $75.88 target price is reached, the company's valuation will be $1.29B more. Jefferies Group LLC dropped their target price on shares of Valero Energy Corporation from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Wednesday, August 23rd. Cowen & Co maintained Valero Energy Corporation (NYSE:VLO) on Thursday, July 27 with "Buy" rating. Finally, Piper Jaffray Companies reissued a "neutral" rating on shares of Valero Energy Corporation in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the stock. The company now has a consensus rating of "Buy" and an average price target of $72.56. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & global trademark & copyright law. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/09/20/valero-energy-corporation-vlo-position-reduced-by-pinebridge-investments-l-p.html. The company's P/E (price to earnings) ratio is 18.02 and Forward P/E ratio of 13.1. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $73.38. The company's 50 day moving average price is $68.09 and its 200-day moving average price is $66.42. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) on Friday, January 29 with "Outperform" rating. Fiduciary Trust Company sold 45,696 shares as the company's stock declined 2.47% while stock markets rallied. Valero Energy Corporation had a net profit margin of 2.17% and a ROE of 8.59%. During the same period in the prior year, the firm earned $1.07 earnings per share. The company's quarterly revenue was up 13.6% on a year-over-year basis. Boothbay Fund Mngmt Ltd Limited Liability Company holds 0.22% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 9,910 shares.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th were issued a $0.70 dividend. It last reported revenues of $50.05 billion and EPS of $2.46 for the June 2017, representing 8% top-line growth and 1.96 EPS growth. The ex-dividend date was Monday the 7th of August 2017. Valero Energy Corporation's yield ratio (DPR) is presently 69.14%.

In other Valero Energy Corporation news, Director Stephen M. Waters sold 1,500 shares of the firm's stock in a transaction on Wednesday, September 6th. The lowest price the stock reached in the last trading day was $98.69 and compares with the $68.43 52-week low. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The Business's segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining activities and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.



Like this

Latest


21 September 2017
Acadian Asset Management LLC Acquires 1879688 Shares of Cisco Systems, Inc. (CSCO)
It is positive, as 81 investors sold CSCO shares while 635 reduced holdings. 117 funds opened positions while 651 raised stakes. Citigroup Inc increased its stake in Cynosure Inc (CYNO) by 172.2% based on its latest 2016Q4 regulatory filing with the SEC.

21 September 2017
Gerry Ritz apologizes for calling environment minister 'climate Barbie'
Tory MP Michelle Rempel, who has spoken out about the sexism women often face in politics , also weighed in Tuesday night. Maryam Monsef, minister for the status of women, took to Twitter to call out Ritz's "gender-based name-calling".

21 September 2017
Watford Defender Sebastian Prodl Signs New Four-year Contract
And the 6ft 4ins defender has been one of the Hornets' most reliable players during their two years back in the top-flight. Sebastian Prodl has signed a new four-year deal with Watford , the Premier League side have announced.

21 September 2017
Catch up on last night's Emmy Awards with these 5 graphics
He said: "The big winners last night were Donald Glover , Hulu and former White House press secretary Sean Spicer ". However, President Trump aired his feelings on the show while slamming what he perceived as bad ratings.

21 September 2017
IOS 11 and iPad Pro: The Laptop Replacement You've Been Waiting For?
You can make it loop, you can make it toggle backwards and forwards through time, or even create a "long exposure" effect. iOS 11 will bring with it a new peer-to-peer payment system, that lets you exchange money through Apple's Messages app .

21 September 2017
Solano, Aegis Juris frat boys now persons of interest
He was to go to class and attend the welcoming rites of Aegis Juris, a fraternity recognized by the school. He was found by his family at a funeral home with hematoma and candle drips before dawn Monday.

21 September 2017
Ali Fazal's Victoria & Abdul Releases In The UK, Gets A Thumbs Up
She is one of the most attractive women I have ever laid my eyes on. "I learnt a lot from her". The movie has been directed by Stephen Frears and has been distributed by Focus Features.

21 September 2017
Bama prepares for an unbeaten Vandy
When Alabama comes to town this Saturday, it will be one of the biggest games Vanderbilt has hosted in a long time. Vanderbilt has been very impressive throughout three games, especially on the defensive side of the ball.

21 September 2017
Kerry Doesn't Rule Out 2020 White House Bid: 'I Have No Plans'
JOHN KERRY: I don't have any plans right now, honestly . "You're a troublemaker", Kerry replied. Leading diplomats are in Paris in an effort to find solutions for the conflict in Syria.

21 September 2017
Pence Blasts UN Human Rights Council In Speech To General Assembly
Pence pointed to the systematic attacks by Burma's security forces against minority Rohingya Muslims. Adam Shaw is a Breitbart News politics and United Nations reporter based in NY .