Valero Energy Corp (VLO) Holder Covenant Multifamily Offices LLC Trimmed Stake by $5.10 Million as Stock Rose

June 20, 2018 - By Kurt Siggers

Valero Energy Corporation (NYSE:VLO) LogoInvestors sentiment decreased to 0.89 in 2018 Q1. Its down 0.09, from 0.98 in 2017Q4. It dropped, as 49 investors sold VLO shares while 351 reduced holdings. 91 funds opened positions while 264 raised stakes. 321.31 million shares or 3.15% less from 331.76 million shares in 2017Q4 were reported. Boston Private Wealth Ltd Liability, Massachusetts-based fund reported 101,379 shares. Tiaa Cref Investment Management Ltd Limited Liability Company invested 0.12% in Valero Energy Corporation (NYSE:VLO). Koch Industries, Kansas-based fund reported 6,953 shares. Newman Dignan & Sheerar, Rhode Island-based fund reported 2,869 shares. Adell Harriman Carpenter Inc holds 0% or 20,192 shares. Spectrum Management Gp Inc has invested 0.92% in Valero Energy Corporation (NYSE:VLO). Blue Chip Prtn has invested 1.86% in Valero Energy Corporation (NYSE:VLO). Toronto Dominion Savings Bank invested in 253,220 shares or 0.05% of the stock. Bessemer Incorporated accumulated 0.07% or 185,396 shares. Welch And Forbes Ltd Liability accumulated 96,853 shares or 0.23% of the stock. 19,985 were reported by First Merchants Corp. Federated Investors Inc Pa holds 763,386 shares. First State Bank holds 0.15% or 20,877 shares. Mount Lucas Management Limited Partnership stated it has 1.61% of its portfolio in Valero Energy Corporation (NYSE:VLO). Btc Cap holds 64,974 shares.

Since January 3, 2018, it had 0 insider buys, and 3 selling transactions for $33.95 million activity. 251,530 shares were sold by CISKOWSKI MICHAEL S, worth $23.46M on Wednesday, January 3. Gorder Joseph W sold $10.36 million worth of stock or 85,493 shares.

Covenant Multifamily Offices Llc decreased its stake in Valero Energy Corp (VLO) by 92.47% based on its latest 2018Q1 regulatory filing with the SEC. Covenant Multifamily Offices Llc sold 55,481 shares as the company’s stock rose 27.24% while stock markets declined. The institutional investor held 4,516 shares of the integrated oil company at the end of 2018Q1, valued at $419,000, down from 59,997 at the end of the previous reported quarter. Covenant Multifamily Offices Llc who had been investing in Valero Energy Corp for a number of months, seems to be less bullish one the $49.80 billion market cap company. The stock decreased 0.91% or $1.065 during the last trading session, reaching $115.555. About 2.28M shares traded. Valero Energy Corporation (NYSE:VLO) has risen 87.89% since June 20, 2017 and is uptrending. It has outperformed by 75.32% the S&P500.

Covenant Multifamily Offices Llc, which manages about $1.34B and $166.60M US Long portfolio, upped its stake in Spdr S&P 500 Etf (SPY) by 73,828 shares to 113,389 shares, valued at $29.84M in 2018Q1, according to the filing.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on July, 26. They expect $2.29 earnings per share, up 86.18 % or $1.06 from last year’s $1.23 per share. VLO’s profit will be $986.81 million for 12.62 P/E if the $2.29 EPS becomes a reality. After $1.00 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts 129.00 % EPS growth.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Seekingalpha.com which released: “Reuters: Valero hiked imports of Venezuelan oil while falling at refining peers” on May 22, 2018, also Bizjournals.com with their article: “Valero faces permit fight over emissions at Houston refinery” published on June 04, 2018, Seekingalpha.com published: “The Good And Bad News About VLO” on June 14, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Investorplace.com and their article: “Why Gevo, Inc. Stock Soared 262% Yesterday” published on June 19, 2018 as well as Bizjournals.com‘s news article titled: “Subcontractors sue Valero over explosion at Texas City refinery” with publication date: June 01, 2018.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Among 16 analysts covering Valero Energy Corp (NYSE:VLO), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Valero Energy Corp has $146 highest and $91 lowest target. $111.62’s average target is -3.41% below currents $115.555 stock price. Valero Energy Corp had 26 analyst reports since December 21, 2017 according to SRatingsIntel. As per Tuesday, March 13, the company rating was maintained by JP Morgan. Morgan Stanley upgraded the shares of VLO in report on Thursday, May 17 to “Overweight” rating. On Wednesday, April 11 the stock rating was downgraded by Scotia Capital to “Hold”. Jefferies maintained Valero Energy Corporation (NYSE:VLO) on Tuesday, April 24 with “Hold” rating. The firm has “Hold” rating given on Monday, March 19 by Deutsche Bank. The firm has “Buy” rating by Scotia Capital given on Thursday, December 21. Edward Jones upgraded Valero Energy Corporation (NYSE:VLO) on Thursday, May 10 to “Buy” rating. The firm has “Buy” rating given on Wednesday, January 10 by Scotia Capital. The stock of Valero Energy Corporation (NYSE:VLO) has “Neutral” rating given on Monday, April 30 by Credit Suisse. Tudor Pickering upgraded Valero Energy Corporation (NYSE:VLO) on Friday, May 18 to “Buy” rating.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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