Finally Time To Raise Your Stake? Morgan Stanley Upgrades Valero Energy (NYSE:VLO) Shares

May 17, 2018 - By Alfred Lee

Valero Energy Corporation (NYSE:VLO) Logo

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.02, from 1 in 2017Q3. It dropped, as 51 investors sold Valero Energy Corporation shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported.

Moreover, Hanson And Doremus Investment Mgmt has 0.95% invested in Valero Energy Corporation (NYSE:VLO) for 30,995 shares. Whittier Trust Of Nevada reported 29,811 shares stake. Highstreet Asset Mngmt holds 0.08% or 13,916 shares. Rampart Investment Mngmt Ltd Liability Co invested in 0.19% or 5,417 shares. Greenleaf Tru accumulated 6,629 shares or 0.01% of the stock. Foundation Incorporated reported 169,072 shares. Davis R M Inc reported 0.01% of its portfolio in Valero Energy Corporation (NYSE:VLO). Boston Prtn holds 0.01% in Valero Energy Corporation (NYSE:VLO) or 50,365 shares. First Allied Advisory Svcs invested in 0.09% or 24,436 shares. Hancock Holdg has invested 0.14% in Valero Energy Corporation (NYSE:VLO). San Francisco Sentry Inv Grp (Ca) reported 3,102 shares stake. Baldwin Brothers Ma holds 500 shares. Savings Bank Of The West invested in 0.47% or 40,497 shares. Pinebridge Investments Lp reported 0.52% of its portfolio in Valero Energy Corporation (NYSE:VLO). Altavista Wealth Mgmt Inc accumulated 1.25% or 32,113 shares.

Since December 13, 2017, it had 0 insider purchases, and 2 selling transactions for $23.55 million activity. Shares for $23.46 million were sold by CISKOWSKI MICHAEL S.

Valero Energy (NYSE:VLO) Stock Upgrade

In a research report released on 17 May, Morgan Stanley increased shares of Valero Energy (NYSE:VLO) to a solid “Overweight” rating from their previous “Equal-Weight” rating.

Valero Energy Corporation (NYSE:VLO) Ratings Coverage

Among 14 analysts covering Valero Energy Corp (NYSE:VLO), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Valero Energy Corp has $135 highest and $91 lowest target. $108.75’s average target is -9.28% below currents $119.88 stock price. Valero Energy Corp had 24 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. The firm has “Hold” rating by Jefferies given on Wednesday, January 24. The stock has “Buy” rating by Scotia Capital on Wednesday, January 10. The firm earned “Hold” rating on Monday, April 23 by Piper Jaffray. The firm earned “Sector Perform” rating on Wednesday, April 11 by Howard Weil. As per Monday, April 9, the company rating was maintained by JP Morgan. The firm earned “Neutral” rating on Monday, April 30 by Credit Suisse. Citigroup maintained Valero Energy Corporation (NYSE:VLO) on Wednesday, January 24 with “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $102.0 target in Wednesday, December 20 report. On Thursday, April 26 the stock rating was maintained by Cowen & Co with “Buy”.

The stock increased 4.25% or $4.89 during the last trading session, reaching $119.88. About 4.41 million shares traded or 26.20% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since May 17, 2017 and is uptrending. It has outperformed by 27.77% the S&P500.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on July, 26. They expect $2.28 earnings per share, up 85.37 % or $1.05 from last year’s $1.23 per share. VLO’s profit will be $982.50M for 13.14 P/E if the $2.28 EPS becomes a reality. After $1.00 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts 128.00 % EPS growth.

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 $51.66 billion. It operates through two divisions, Refining and Ethanol. It has a 13.09 P/E ratio. The firm is involved in refining, marketing, and bulk sales activities.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Globenewswire.com which released: “Valero Energy Reports First Quarter 2018 Results” on April 26, 2018, also Seekingalpha.com with their article: “Valero: Beware Of The Downside Risk” published on May 16, 2018, Benzinga.com published: “Morgan Stanley Upgrades Refining Sector, Names Valero A Top Pick” on May 17, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Globenewswire.com and their article: “Valero Acquires Pure Biofuels del Peru” published on May 14, 2018 as well as Bizjournals.com‘s news article titled: “Valero buys biofuels plant in South America” with publication date: May 15, 2018.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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