Could Valero Energy Corporation (VLO) Skyrocket Even More? The Stock Just Made 52-Week High

April 24, 2018 - By Linda Rogers

Valero Energy Corporation (NYSE:VLO) Logo

Investors sentiment decreased to 0.98 in Q4 2017. Its down 0.02, from 1 in 2017Q3. It turned negative, as 51 investors sold Valero Energy Corporation shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported.
Moreover, Jpmorgan Chase And has 0.17% invested in Valero Energy Corporation (NYSE:VLO). Waddell & Reed Inc, a Kansas-based fund reported 157,250 shares. Blair William & Company Il stated it has 0.02% of its portfolio in Valero Energy Corporation (NYSE:VLO). Stone Ridge Asset Management holds 22,029 shares or 0.13% of its portfolio. Financial Bank invested in 24,557 shares. Drw Secs Limited Liability Co invested 0.06% in Valero Energy Corporation (NYSE:VLO). Bragg Financial Advsrs reported 0.51% stake. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma invested in 0% or 49 shares. D E Shaw owns 60,917 shares for 0.01% of their portfolio. Lincoln National Corporation has invested 0.01% in Valero Energy Corporation (NYSE:VLO). Victory Mgmt owns 0.04% invested in Valero Energy Corporation (NYSE:VLO) for 228,825 shares. Texas-based Hourglass Capital Limited Liability Com has invested 0.05% in Valero Energy Corporation (NYSE:VLO). Patten Grp holds 300 shares or 0.01% of its portfolio. 13,159 were reported by Da Davidson. Exane Derivatives holds 0.17% in Valero Energy Corporation (NYSE:VLO) or 10,738 shares.

Since December 13, 2017, it had 0 insider buys, and 2 insider sales for $23.55 million activity. $23.46M worth of Valero Energy Corporation (NYSE:VLO) was sold by CISKOWSKI MICHAEL S on Wednesday, January 3.

The stock of Valero Energy Corporation (NYSE:VLO) hit a new 52-week high and has $115.96 target or 6.00 % above today’s $109.40 share price. The 6 months bullish chart indicates low risk for the $47.14 billion company. The 1-year high was reported on Apr, 24 by Barchart.com. If the $115.96 price target is reached, the company will be worth $2.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.13% or $0.14 during the last trading session, reaching $109.4. About 1.43M shares traded. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since April 24, 2017 and is uptrending. It has outperformed by 27.77% the S&P500.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on April, 26 before the open. They expect $0.96 EPS, up 41.18 % or $0.28 from last year’s $0.68 per share. VLO’s profit will be $413.69 million for 28.49 P/E if the $0.96 EPS becomes a reality. After $1.16 actual EPS reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -17.24 % negative EPS growth.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Among 15 analysts covering Valero Energy (NYSE:VLO), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Valero Energy had 23 analyst reports since November 14, 2017 according to SRatingsIntel. JP Morgan maintained Valero Energy Corporation (NYSE:VLO) on Tuesday, March 13 with “Neutral” rating. The rating was maintained by Citigroup on Wednesday, January 24 with “Neutral”. On Wednesday, April 11 the stock rating was downgraded by Howard Weil to “Sector Perform”. Piper Jaffray maintained Valero Energy Corporation (NYSE:VLO) on Sunday, January 21 with “Hold” rating. The firm earned “Hold” rating on Monday, April 23 by Piper Jaffray. Scotia Capital maintained the stock with “Buy” rating in Thursday, December 21 report. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, April 16. The stock of Valero Energy Corporation (NYSE:VLO) has “Overweight” rating given on Tuesday, November 14 by Barclays Capital. The rating was maintained by RBC Capital Markets on Wednesday, December 20 with “Buy”. The stock has “Neutral” rating by Credit Suisse on Wednesday, March 7.

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing firm in the United States, Canada, the United Kingdom, and Ireland. The company has market cap of $47.14 billion. It operates through two divisions, Refining and Ethanol. It has a 11.95 P/E ratio. The firm is involved in refining, marketing, and bulk sales activities.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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