Economy

JP Morgan Chase & Co Lowers Valero Energy Corporation (VLO) to Neutral

Commonwealth Equity Service has 0.04% invested in Valero Energy Corporation (NYSE:VLO) for 102,269 shares. BidaskClub lowered shares of Valero Energy Corporation from a "sell" rating to a "strong sell" rating in a research report on Saturday, August 19th. 74 funds opened positions while 311 raised stakes. 0 analysts gave its stock an Outperform rating. BKD Wealth Advisors LLC increased its stake in Valero Energy Corporation by 0.4% in the second quarter. BKD Wealth Advisors LLC now owns 6,542 shares of the oil and gas company's stock worth $441,000 after buying an additional 24 shares during the last quarter. Inc. purchased a new position in shares of Valero Energy Corporation during the 1st quarter worth $127,000. Guardian Life Insurance Co. of America now owns 1,746 shares of the oil and gas company's stock valued at $116,000 after acquiring an additional 11 shares during the last quarter. Independent Portfolio Consultants Inc. grew its holdings in shares of Valero Energy Corporation by 62.2% during the 2nd quarter. Edge Asset Management Inc. now owns 254,041 shares of the oil and gas company's stock valued at $16,840,000 after purchasing an additional 52,798 shares during the period.

Mitsubishi Ufj Securities Co, a Japan-based fund reported 600 shares.

ILLEGAL ACTIVITY NOTICE: This report was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of US & worldwide copyright & trademark laws. The New Jersey-based Brave Asset Mgmt has invested 0.75% in Valero Energy Corporation (NYSE:VLO). About 1.54M shares traded. Following the completion of the sale, the chief financial officer now directly owns 67,413 shares of the company's stock, valued at approximately $4,913,059.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The stock go up so far this year; showing a rise of 13.71% and added with positive flow of 2.94% during recent week. The disposition, at a price of $75.86, resulted in Stephen Waters bringing total 12064 shares. The disclosure for this sale can be found here. Rodgers Brothers owns 8,150 shares for 0.2% of their portfolio.

VLO has been the subject of a number of research reports. The shares price has directed 44.81% toward a higher level throughout a year ago and swapped 14.40% toward a strong spot during past one month. Piper Jaffray maintained it with "Hold" rating and $73.0 target in Thursday, September 28 report. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Bizjournals.com and their article: "Valero CEO Joe Gorder: We're aggressively pursuing Mexican fuels market" published on September 15, 2017 as well as Seekingalpha.com's news article titled: "Magellan Teams Up With Valero" with publication date: October 04, 2017. Investec Asset Management Ltd sold 266,629 shares as Valero Energy Corp (VLO)'s stock declined 2.47%. BGS price is down almost -51.23% from its 52-week high price of $49.15 a share but is up about 9.23% from its 52-week low price of $29.5 a share. Argus Research has "Buy" rating and $78 target.

For the current quarter, 20 analysts are projecting a mean EPS of $1.61/share. VLO's latest closing price was 15.14% away from the average price of 200 days while it maintained a distance of 10.80% from the 50 Day Moving Average and 5.29% away compared to its SMA 20. However, if the BGS shares go below $31.77 then it would indicate a much weaker market for the company. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.08 by $0.15. The business had revenue of $22.25 billion for the quarter, compared to analyst estimates of $19.32 billion. Royal Bank Of Scotland Group Plc acquired 34,718 shares as Valero Energy Corp New (VLO)'s stock declined 2.47%. The stock returned 13.45% last month which was maintained at 13.10% this year. During the same period in the previous year, the company posted $1.07 EPS.

02/01/2017 - Valero Energy Corporation had its "overweight" rating reiterated by analysts at Barclays.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Auxier Asset Management invested in 0.94% or 67,911 shares. The ex-dividend date was Monday, August 7th. This represents a $2.80 annualized dividend and a dividend yield of 3.60%. Currently, Valero Energy Corp (VLO) has a 14-day ATR of 1.16. Fdx stated it has 0.11% in Valero Energy Corporation (NYSE:VLO).

Valero Energy Corporation (NYSE:VLO) closed its last session at $77.27. The refining segment includes its refining operations and the associated marketing activities.



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