Live Price Coverage: Is Valero Energy Corporation’s Fuel For Real? The Stock Just Increased Again

Live Price Coverage: Is Valero Energy Corporation's Fuel For Real? The Stock Just Increased Again

The stock of Valero Energy Corporation (NYSE:VLO) is a huge mover today! About 2.88M shares traded hands. Valero Energy Corporation (NYSE:VLO) has declined 14.11% since March 1, 2016 and is downtrending. It has underperformed by 23.35% the S&P500.
The move comes after 6 months positive chart setup for the $24.93 billion company. It was reported on Oct, 4 by Barchart.com. We have $79.04 PT which if reached, will make NYSE:VLO worth $11.47 billion more.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on October, 26. They expect $0.98 EPS, down 64.87% or $1.81 from last year’s $2.79 per share. VLO’s profit will be $451.26M for 13.81 P/E if the $0.98 EPS becomes a reality. After $1.07 actual EPS reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -8.41% negative EPS growth.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Out of 11 analysts covering Valero Energy Corporation (NYSE:VLO), 6 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 55% are positive. Valero Energy Corporation has been the topic of 23 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Friday, January 29. Piper Jaffray maintained it with “Neutral” rating and $54 target price in Monday, August 22 report. The firm has “Buy” rating by Jefferies given on Tuesday, August 23. The stock has “Buy” rating given by Argus Research on Wednesday, December 16. As per Monday, August 24, the company rating was downgraded by Bank of America. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) rating on Friday, July 31. RBC Capital Markets has “Outperform” rating and $76 price target. The firm earned “Outperform” rating on Friday, July 24 by Macquarie Research. Credit Suisse maintained Valero Energy Corporation (NYSE:VLO) rating on Tuesday, January 26. Credit Suisse has “Outperform” rating and $85 price target. The stock of Valero Energy Corporation (NYSE:VLO) earned “Outperform” rating by Oppenheimer on Monday, August 3. The firm has “Neutral” rating given on Thursday, May 19 by UBS.

According to Zacks Investment Research, “Valero Energy Corporation owns and operates refineries in the United States and Canada with a combined throughput capacity of approximately two million BPD, making it one of the nation’s top refiners of petroleum products. Valero is also one of the nation’s leading retail operators with retail outlets in the United States and Canada under various brand names including Diamond Shamrock, Ultramar, Valero, Beacon and Total.”

Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.02, from 0.96 in 2016Q1. The ratio improved, as 87 funds sold all Valero Energy Corporation shares owned while 287 reduced positions. 72 funds bought stakes while 296 increased positions. They now own 353.74 million shares or 8.81% less from 387.93 million shares in 2016Q1.
Hbk L P reported 168,409 shares or 0.07% of all its holdings. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 590,400 shares. Oxbow Advisors Ltd Liability Corporation accumulated 0.04% or 5,455 shares. Invesco has invested 0.07% of its portfolio in Valero Energy Corporation (NYSE:VLO). The Pennsylvania-based First Company has invested 0.22% in Valero Energy Corporation (NYSE:VLO). M&R Capital Mgmt accumulated 600 shares or 0.01% of the stock. Mercer Advisers Incorporated, a New Jersey-based fund reported 200 shares. Westport Resources Management has invested 0.02% of its portfolio in Valero Energy Corporation (NYSE:VLO). West Oak Limited Com holds 0% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 588 shares. Ladenburg Thalmann Financial Services holds 0.03% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 31,911 shares. First Mercantile Tru accumulated 7,442 shares or 0.05% of the stock. Kempen Cap Mgmt Nv holds 364,071 shares or 2.18% of its portfolio. Blair William & Com Il holds 0.01% or 30,229 shares in its portfolio. Thrivent Fincl For Lutherans accumulated 0% or 14,880 shares. Corsair Capital Mgmt Ltd Partnership holds 0.22% or 28,281 shares in its portfolio.

Another recent and important Valero Energy Corporation (NYSE:VLO) news was published by Globenewswire.com which published an article titled: “Valero Energy Corporation Announces Pricing of Notes Offering” on September 07, 2016.

VLO Company Profile

Valero Energy Corporation (Valero), incorporated on June 8, 1981, through Valero Energy Partners LP (VLP), owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Firm operates in two divisions: refining and ethanol. The Company’s refining segment includes refining and marketing activities in the United States, Canada, the United Kingdom, Aruba and Ireland. The Company’s ethanol segment includes ethanol and marketing activities in the United States. VLP’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline meeting the specifications of the California Air Resources Board (CARB), diesel, low-sulfur diesel, ultra-low-sulfur diesel, CARB diesel, other distillates, jet fuel, asphalt, petrochemicals, lubricants and other refined products. It markets branded and unbranded refined products on a wholesale basis in the United States, Canada, the Caribbean, the United Kingdom and Ireland through a bulk and rack marketing network, and through approximately 7,500 outlets that carry its brand names. It also owns over 10 ethanol plants in the central plains region of the United States that primarily produce ethanol, which it markets on a wholesale basis through a bulk-marketing network.

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