Highland Capital Management LLC Cut Holding in Valero Energy Corp (VLO) as Valuation Rose

June 19, 2018 - By Nellie Frank

Valero Energy Corporation (NYSE:VLO) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.09, from 0.98 in 2017Q4. It fall, 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. 42,862 were accumulated by Norinchukin Retail Bank The. Orrstown Service owns 15,537 shares or 1.7% of their US portfolio. Hm Payson And reported 2,683 shares or 0.01% of all its holdings. Guinness Atkinson Asset Management owns 0.63% invested in Valero Energy Corporation (NYSE:VLO) for 11,169 shares. Lmr Prns Ltd Liability Partnership holds 0.15% in Valero Energy Corporation (NYSE:VLO) or 16,129 shares. Carderock Cap accumulated 8,540 shares. 2,349 are owned by Davis R M Inc. West Coast Fincl Ltd Liability accumulated 2,660 shares. Brookstone reported 2,802 shares. Btc Management Inc holds 64,974 shares. Cetera Advisor Network Limited Liability Company accumulated 8,978 shares or 0.04% of the stock. Wealthfront Inc reported 15,989 shares. Baker Boyer Retail Bank accumulated 2,365 shares. Commerce Natl Bank invested in 24,464 shares. Nomura Asset Mngmt Limited holds 81,423 shares or 0.08% of its portfolio.

Since January 3, 2018, it had 0 insider buys, and 3 insider sales for $33.95 million activity. CISKOWSKI MICHAEL S sold 251,530 shares worth $23.46M. On Monday, May 21 the insider Gorder Joseph W sold $10.36M.

Highland Capital Management Llc decreased its stake in Valero Energy Corp (VLO) by 47.22% based on its latest 2018Q1 regulatory filing with the SEC. Highland Capital Management Llc sold 36,215 shares as the company’s stock rose 27.24% while stock markets declined. The institutional investor held 40,479 shares of the integrated oil company at the end of 2018Q1, valued at $3.76 million, down from 76,694 at the end of the previous reported quarter. Highland Capital Management Llc who had been investing in Valero Energy Corp for a number of months, seems to be less bullish one the $50.16 billion market cap company. The stock decreased 0.12% or $0.14 during the last trading session, reaching $116.4. About 588,533 shares traded. Valero Energy Corporation (NYSE:VLO) has risen 87.89% since June 19, 2017 and is uptrending. It has outperformed by 75.32% the S&P500.

Highland Capital Management Llc, which manages about $1.26B and $1.28B US Long portfolio, upped its stake in Cvs Corporation (NYSE:CVS) by 67,087 shares to 112,928 shares, valued at $7.03 million 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 $986.81M for 12.71 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: “Outlook For Valero And Refiner Stocks” on June 14, 2018, also Seekingalpha.com with their article: “Stop Buying Commodities Funds” published on June 19, 2018, Bizjournals.com published: “Valero faces permit fight over emissions at Houston refinery” on June 04, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Bizjournals.com and their article: “Valero moves forward with $1 billion of spending on growth projects” published on May 31, 2018 as well as Seekingalpha.com‘s news article titled: “The Good And Bad News About VLO” with publication date: June 14, 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 -4.11% below currents $116.4 stock price. Valero Energy Corp had 27 analyst reports since December 20, 2017 according to SRatingsIntel. The stock of Valero Energy Corporation (NYSE:VLO) earned “Hold” rating by Piper Jaffray on Sunday, January 21. Deutsche Bank maintained Valero Energy Corporation (NYSE:VLO) rating on Monday, March 19. Deutsche Bank has “Hold” rating and $95 target. The stock of Valero Energy Corporation (NYSE:VLO) has “Buy” rating given on Thursday, December 21 by Scotia Capital. The firm has “Hold” rating given on Monday, April 23 by Piper Jaffray. The stock of Valero Energy Corporation (NYSE:VLO) has “Overweight” rating given on Thursday, May 17 by Morgan Stanley. The company was downgraded on Wednesday, April 11 by Howard Weil. The firm has “Buy” rating given on Wednesday, January 24 by Bank of America. Credit Suisse maintained the shares of VLO in report on Monday, April 30 with “Neutral” rating. The stock has “Buy” rating by RBC Capital Markets on Wednesday, December 20. The stock of Valero Energy Corporation (NYSE:VLO) has “Hold” rating given on Wednesday, April 11 by Scotia Capital.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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