Morgan Stanley Decides to Upgrade Valero Energy (NYSE:VLO) Stock

May 17, 2018 - By Paula Hilliard

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.

Amica Mutual has 38,925 shares. Community Ser Grp Ltd stated it has 81,163 shares or 2.89% of all its holdings. The New York-based Rafferty Asset Management Ltd Llc has invested 0.11% in Valero Energy Corporation (NYSE:VLO). Aperio Gru Ltd Liability Co reported 362,539 shares or 0.17% of all its holdings. Torch Wealth Management Limited Liability Company has 11,130 shares for 0.63% of their portfolio. Orleans Mgmt Corporation La reported 29,650 shares or 1.94% of all its holdings. Pinebridge Investments Limited Partnership stated it has 0.52% of its portfolio in Valero Energy Corporation (NYSE:VLO). Price T Rowe Assoc Md accumulated 797,198 shares. Raymond James Trust Na stated it has 17,111 shares or 0.11% of all its holdings. Farmers Merchants Investments Inc reported 284 shares. 2.33M are owned by Parametric Port Assocs Lc. Drw Secs Ltd Liability Co owns 6,144 shares. First Allied Advisory Serv invested 0.09% in Valero Energy Corporation (NYSE:VLO). Moreover, Invesco Limited has 0.07% invested in Valero Energy Corporation (NYSE:VLO) for 2.16 million shares. Numeric Investors Lc reported 685,353 shares or 0.46% of all its holdings.

Since December 13, 2017, it had 0 insider buys, and 2 insider sales for $23.55 million activity. $87,233 worth of stock was sold by Waters Stephen M on Wednesday, December 13.

Valero Energy (NYSE:VLO) Stock Upgrade

Shares of Valero Energy (NYSE:VLO) were upgraded by stock research analysts at Morgan Stanley from a “Equal-Weight” rating to a solid “Overweight” rating via a report released on Thursday, 17 May.

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 -9.16% below currents $119.71 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 “Neutral” rating by JP Morgan on Tuesday, March 13. The firm has “Hold” rating by Jefferies given on Tuesday, April 24. The stock of Valero Energy Corporation (NYSE:VLO) has “Buy” rating given on Thursday, February 1 by Cowen & Co. The rating was maintained by Credit Suisse on Monday, April 30 with “Neutral”. On Thursday, May 10 the stock rating was upgraded by Edward Jones to “Buy”. The rating was upgraded by Citigroup to “Buy” on Wednesday, February 14. The stock has “Hold” rating by Scotia Capital on Wednesday, April 11. As per Wednesday, December 20, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 30. Piper Jaffray maintained Valero Energy Corporation (NYSE:VLO) on Monday, April 23 with “Hold” rating.

The stock increased 4.10% or $4.72 during the last trading session, reaching $119.71. About 5.77M shares traded or 64.97% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since May 18, 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 $982.51 million for 13.13 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 $51.59 billion. It operates through two divisions, Refining and Ethanol. It has a 13.08 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: Seekingalpha.com which released: “A Broad Look Into Valero Energy” on April 26, 2018, also Bizjournals.com with their article: “Valero changing its look at the gas pump” published on April 19, 2018, Bizjournals.com published: “Three Valero refineries to supply fuels to growing Mexico market” on May 15, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Globenewswire.com and their article: “Valero Energy Reports First Quarter 2018 Results” published on April 26, 2018 as well as Benzinga.com‘s news article titled: “Morgan Stanley Upgrades Refining Sector, Names Valero A Top Pick” with publication date: May 17, 2018.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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