What’s Propelling Valero Energy Corporation to Increase So Much?

 What's Propelling Valero Energy Corporation to Increase So Much?

In today’s session Valero Energy Corporation (VLO) registered an unusually high (356) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious VLO increase. With 356 contracts traded and 20854 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: VLO161216C00062500 closed last at: $0.65 or 24.4% down. About 886,721 shares traded hands. Valero Energy Corporation (NYSE:VLO) has declined 8.35% since April 5, 2016 and is downtrending. It has underperformed by 10.30% the S&P500.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Out of 13 analysts covering Valero Energy Corporation (NYSE:VLO), 8 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 62% are positive. $95 is the highest target while $54 is the lowest. The $71.28 average target is 21.72% above today’s ($58.56) stock price. Valero Energy Corporation has been the topic of 25 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, April 11 by Credit Suisse. The stock of Valero Energy Corporation (NYSE:VLO) has “Outperform” rating given on Saturday, September 5 by Oppenheimer. Oppenheimer maintained it with “Outperform” rating and $80 target price in Monday, August 3 report. The stock has “Hold” rating given by Tudor Pickering on Monday, May 16. UBS initiated Valero Energy Corporation (NYSE:VLO) on Thursday, May 19 with “Neutral” rating. The company was initiated on Tuesday, August 23 by Jefferies. The firm has “Sector Outperform” rating given on Wednesday, October 26 by Howard Weil. The company was initiated on Friday, July 24 by Macquarie Research. Vetr downgraded Valero Energy Corporation (NYSE:VLO) rating on Tuesday, August 11. Vetr has “Strong-Buy” rating and $73.88 price target. As per Wednesday, October 19, the company rating was maintained by Citigroup.

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 is positive, 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.
Daiwa Securities Grp reported 93,012 shares or 0.03% of all its holdings. Goldman Sachs Grp Inc Inc, a New York-based fund reported 2.84M shares. First Tru Advsrs Ltd Partnership owns 1.29 million shares or 0.21% of their US portfolio. Vident Advisory Limited Liability Co accumulated 0.24% or 33,036 shares. Employees Retirement Association Of Colorado last reported 101,266 shares in the company. Wetherby Asset holds 4,921 shares or 0.06% of its portfolio. Archford Capital Strategies Ltd Llc, a Illinois-based fund reported 299 shares. Zweig last reported 0.03% of its portfolio in the stock. Central Retail Bank Tru, a Kentucky-based fund reported 75,547 shares. Clearbridge Invests Ltd Com has 927 shares for 0% of their US portfolio. Moreover, Us Comml Bank De has 0.06% invested in Valero Energy Corporation (NYSE:VLO) for 314,452 shares. Keybank Association Oh accumulated 0% or 9,367 shares. Aqr Cap Management Ltd accumulated 0.44% or 4.90 million shares. The Maryland-based Chevy Chase Holdg Incorporated has invested 0.11% in Valero Energy Corporation (NYSE:VLO). Anderson Hoagland And reported 40,306 shares or 1.26% of all its holdings.

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 $26.53 billion. The Firm operates in two divisions: refining and ethanol. It has a 12.38 P/E ratio. The Company’s refining segment includes refining and marketing activities in the United States, Canada, the United Kingdom, Aruba and Ireland.

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.

More recent Valero Energy Corporation (NYSE:VLO) news were published by: Investorplace.com which released: “Valero Energy Corporation (VLO) Stock Is the Perfect Long-Term Choice” on October 13, 2016. Also Investorplace.com published the news titled: “Trade of the Day: Valero Energy Corporation (VLO) on the Rise” on October 19, 2016. Bizjournals.com‘s news article titled: “Final round of drop downs prove profitable for Valero Energy Partners in third …” with publication date: October 28, 2016 was also an interesting one.

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