Valero Energy Corporation’s Stock Is Sell After Today’s Bearish Options Activity

 Valero Energy Corporation's Stock Is Sell After Today's Bearish Options Activity

In today’s session Valero Energy Corporation (VLO) recorded an unusually high (328) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious VLO decrease. With 328 contracts traded and 5744 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: VLO170317P00065000 closed last at: $4.45 or 1.1% up. About 490,734 shares traded hands. Valero Energy Corporation (NYSE:VLO) has risen 3.20% since April 26, 2016 and is uptrending. It has underperformed by 2.06% 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 $324.94M for 21.90 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.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Out of 13 analysts covering Valero Energy Corporation (NYSE:VLO), 9 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 69% are positive. $95 is the highest target while $54 is the lowest. The $71.28 average target is 11.44% above today’s ($63.96) stock price. Valero Energy Corporation has been the topic of 26 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Argus Research upgraded Valero Energy Corporation (NYSE:VLO) rating on Wednesday, December 16. Argus Research has “Buy” rating and $78 price target. The rating was downgraded by Vetr to “Strong-Buy” on Tuesday, August 11. The company was maintained on Tuesday, January 26 by Credit Suisse. As per Wednesday, November 16, the company rating was upgraded by Tudor Pickering. The company was maintained on Friday, July 31 by RBC Capital Markets. The stock of Valero Energy Corporation (NYSE:VLO) earned “Hold” rating by Tudor Pickering on Monday, May 16. The company was initiated on Friday, July 24 by Macquarie Research. The rating was maintained by Oppenheimer with “Outperform” on Monday, August 3. Citigroup maintained Valero Energy Corporation (NYSE:VLO) on Wednesday, October 19 with “Buy” rating. RBC Capital Markets maintained Valero Energy Corporation (NYSE:VLO) on Friday, January 29 with “Outperform” rating.

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 1.01 in 2016 Q2. Its up 0.03, from 0.98 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.
Tarbox last reported 0.01% of its portfolio in the stock. Boston Llc accumulated 0.44% or 341,937 shares. Legg Mason Asset (Japan), a Japan-based fund reported 14,000 shares. Ls Invest Advisors Lc accumulated 16,263 shares or 0.06% of the stock. Sequoia Financial Advsr Limited Com last reported 36,057 shares in the company. Essex Svcs last reported 9,410 shares in the company. Adams Natural Res Fund last reported 313,700 shares in the company. Arvest Bank Division holds 121,759 shares or 0.53% of its portfolio. Gateway Inv Advisers Limited Liability Co holds 0.04% or 97,042 shares in its portfolio. Fort Washington Investment Advsr Oh last reported 15,378 shares in the company. Concert Wealth Mngmt Inc reported 15,942 shares or 0.11% of all its holdings. Bnp Paribas Arbitrage owns 778,455 shares or 0.18% of their US portfolio. Mengis Capital Management reported 49,086 shares or 2.21% of all its holdings. Old National National Bank & Trust In accumulated 7,040 shares or 0.02% of the stock. Nuveen Asset Limited Liability has 0.04% invested in the company for 141,723 shares.

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 $28.47 billion. The Firm operates in two divisions: refining and ethanol. It has a 13.52 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.

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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