What’s Propelling Valero Energy Corporation (VLO) to Reach 52-Week High?

January 23, 2018 - By marketbeat

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.19, from 1.19 in 2017Q2. It dived, as 46 investors sold Valero Energy Corporation shares while 310 reduced holdings. 97 funds opened positions while 258 raised stakes. 342.98 million shares or 0.60% less from 345.06 million shares in 2017Q2 were reported.
Atlantic Trust Gp Llc owns 12,083 shares. Loring Wolcott & Coolidge Fiduciary Advisors Limited Liability Partnership Ma holds 0% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 49 shares. Payden Rygel reported 1.19% in Valero Energy Corporation (NYSE:VLO). Westpac invested in 31,568 shares or 0.05% of the stock. Burney has 249,332 shares. Tarbox Family Office reported 0% in Valero Energy Corporation (NYSE:VLO). Tru Inv Advisors owns 17,450 shares. Motco holds 0.05% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 5,994 shares. Goldman Sachs Group owns 6.41M shares. Fifth Third Fincl Bank reported 0.12% of its portfolio in Valero Energy Corporation (NYSE:VLO). Highstreet Asset Management accumulated 18,702 shares. Kwmg Limited Liability Company accumulated 26,381 shares or 0.67% of the stock. Old Mutual Customised Solutions (Proprietary), South Africa-based fund reported 26,994 shares. Westfield Capital Mgmt Limited Partnership has 636,663 shares for 0.38% of their portfolio. Northpointe Cap Limited Company reported 67,989 shares.

Since September 6, 2017, it had 0 insider purchases, and 5 selling transactions for $27.57 million activity. Shares for $102,000 were sold by Waters Stephen M.

The stock of Valero Energy Corporation (NYSE:VLO) hit a new 52-week high and has $103.65 target or 5.00 % above today’s $98.71 share price. The 5 months bullish chart indicates low risk for the $43.19 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $103.65 price target is reached, the company will be worth $2.16B 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 decreased 0.24% or $0.24 during the last trading session, reaching $98.71. About 1.10 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since January 23, 2017 and is uptrending. It has underperformed by 1.41% the S&P500.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on January, 30. They expect $1.26 earnings per share, up 55.56 % or $0.45 from last year’s $0.81 per share. VLO’s profit will be $551.36 million for 19.59 P/E if the $1.26 EPS becomes a reality. After $1.91 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -34.03 % negative EPS growth.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 10 have Buy rating, 0 Sell and 12 Hold. Therefore 45% are positive. Valero Energy Corporation had 65 analyst reports since July 24, 2015 according to SRatingsIntel. Macquarie Research initiated the stock with “Outperform” rating in Friday, July 24 report. The firm has “Neutral” rating by Bank of America given on Monday, August 24. The stock of Valero Energy Corporation (NYSE:VLO) has “Buy” rating given on Wednesday, January 10 by Scotia Capital. The firm earned “Neutral” rating on Tuesday, May 16 by Goldman Sachs. The rating was upgraded by Tudor Pickering to “Buy” on Wednesday, November 16. The rating was upgraded by Argus Research to “Buy” on Wednesday, December 16. The firm has “Accumulate” rating given on Friday, June 30 by Standpoint Research. The firm has “Buy” rating given on Wednesday, December 20 by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, October 24 by Macquarie Research. The company was maintained on Monday, August 22 by Piper Jaffray.

More important recent Valero Energy Corporation (NYSE:VLO) news were published by: Seekingalpha.com which released: “Valero: Top-Tier And Overpriced” on January 05, 2018, also Reuters.com published article titled: “UPDATE 1-Valero leaves US ethanol trade group due to cost cutting”, Reuters.com published: “Valero leaves US ethanol trade group due to cost cutting” on January 22, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) was released by: Bizjournals.com and their article: “Valero subsidiary buys land for refined products terminal northeast of Austin” with publication date: January 04, 2018.

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 $43.19 billion. It operates through two divisions, Refining and Ethanol. It has a 21.47 P/E ratio. The firm is involved in refining, marketing, and bulk sales activities.

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