Stock On Watch: Valero Energy Corp (NYSE:VLO) Sentiment Report

November 25, 2016 - By Nellie Frank   ·   0 Comments

Stock On Watch: Valero Energy Corp (NYSE:VLO) Sentiment Report

Sentiment for Valero Energy Corp (NYSE:VLO)

Valero Energy Corp (NYSE:VLO) institutional sentiment increased to 1.01 in Q2 2016. Its up 0.03, from 0.98 in 2016Q1. The ratio has improved, as 368 funds increased and started new stock positions, while 374 sold and decreased their positions in Valero Energy Corp. The funds in our partner’s database now hold: 353.74 million shares, down from 387.93 million shares in 2016Q1. Also, the number of funds holding Valero Energy Corp in their top 10 stock positions decreased from 14 to 10 for a decrease of 4. Sold All: 87 Reduced: 287 Increased: 296 New Position: 72.

Valero Energy Corporation , 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 company has a market cap of $29.06 billion. The Firm operates in two divisions: refining and ethanol. It has a 13.68 P/E ratio. The Company’s refining segment includes refining and marketing activities in the United States, Canada, the United Kingdom, Aruba and Ireland.

About 100 shares traded hands. Valero Energy Corporation (NYSE:VLO) has risen 5.68% since April 22, 2016 and is uptrending. It has outperformed by 0.27% the S&P500.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on January, 26. They expect $0.73 EPS, down 59.22% or $1.06 from last year’s $1.79 per share. VLO’s profit will be $326.37M for 22.26 P/E if the $0.73 EPS becomes a reality. After $1.24 actual EPS reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -41.13% negative EPS growth.

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.”

Green Owl Capital Management Llc holds 34.06% of its portfolio in Valero Energy Corporation for 108,000 shares. Wilsey Asset Management Inc owns 181,258 shares or 6.61% of their US portfolio. Moreover, Euclidean Technologies Management Llc has 4.18% invested in the company for 105,249 shares. The Arkansas-based Foundation Resource Management Inc has invested 3.88% in the stock. Westchester Capital Management Inc., a Nebraska-based fund reported 139,975 shares.#img1#

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Ratings analysis reveals 69% of Valero Energy Corporation’s analysts are positive. Out of 13 Wall Street analysts rating Valero Energy Corporation, 9 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $54 while the high is $95. The stock’s average target of $71.28 is 9.66% above today’s ($65) share price. VLO was included in 26 notes of analysts from July 24, 2015. The rating was maintained by Piper Jaffray on Monday, August 22 with “Neutral”. Oppenheimer maintained it with “Outperform” rating and $80 target price in Monday, August 3 report. The stock of Valero Energy Corporation (NYSE:VLO) earned “Hold” rating by Tudor Pickering on Monday, May 16. The stock of Valero Energy Corporation (NYSE:VLO) has “Buy” rating given on Tuesday, August 23 by Jefferies. On Tuesday, August 11 the stock rating was downgraded by Vetr to “Strong-Buy”. Oppenheimer maintained the shares of VLO in a report on Saturday, September 5 with “Outperform” rating. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, January 29. As per Monday, August 24, the company rating was downgraded by Bank of America. Citigroup maintained it with “Buy” rating and $61 target price in Wednesday, October 19 report. Credit Suisse maintained Valero Energy Corporation (NYSE:VLO) rating on Tuesday, January 26. Credit Suisse has “Outperform” rating and $85 price target.

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.

Another recent and important Valero Energy Corporation (NYSE:VLO) news was published by Nasdaq.com which published an article titled: “Valero Energy Corporation (VLO) Ex-Dividend Date Scheduled for November 18, 2016” on November 17, 2016.

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By Nellie Frank

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