Cincinnati Insurance Company Boosted Its Position in Valero Energy Corp (VLO) by $3.52 Million

July 14, 2018 - By Duane Lopez

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. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corporation accumulated 0.27% or 310,300 shares. Moreover, Adirondack Company has 0.03% invested in Valero Energy Corporation (NYSE:VLO). Atalanta Sosnoff Capital Limited Com holds 10,400 shares. Hrt Finance holds 0.33% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 7,504 shares. 12,900 are held by Shufro Rose And Ltd Com. 1,535 were reported by Arrow Finance. Bancshares Of Nova Scotia Tru Company, a Ontario – Canada-based fund reported 10,550 shares. Guinness Atkinson Asset Management reported 11,169 shares stake. Exxonmobil Mngmt Tx owns 66,315 shares or 0.18% of their US portfolio. Smith Moore & Company accumulated 4,033 shares. Covington Cap Mgmt accumulated 0.01% or 2,218 shares. Glob X Management Lc has invested 0.02% in Valero Energy Corporation (NYSE:VLO). Segment Wealth Mngmt Ltd Liability has invested 0.48% of its portfolio in Valero Energy Corporation (NYSE:VLO). Jennison Assoc Ltd Liability holds 0.02% or 208,790 shares in its portfolio. Castleark Mgmt Ltd Liability Corp reported 0.21% stake.

Since May 21, 2018, it had 0 buys, and 2 selling transactions for $10.49 million activity. Gorder Joseph W also sold $10.36 million worth of Valero Energy Corporation (NYSE:VLO) shares.

Cincinnati Insurance Company increased its stake in Valero Energy Corp (VLO) by 13.77% based on its latest 2018Q1 regulatory filing with the SEC. Cincinnati Insurance Company bought 38,210 shares as the company’s stock rose 27.24% while stock markets declined. The institutional investor held 315,738 shares of the integrated oil company at the end of 2018Q1, valued at $29.29 million, up from 277,528 at the end of the previous reported quarter. Cincinnati Insurance Company who had been investing in Valero Energy Corp for a number of months, seems to be bullish on the $46.26 billion market cap company. The stock increased 0.52% or $0.55 during the last trading session, reaching $107.34. About 2.50 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 87.89% since July 14, 2017 and is uptrending. It has outperformed by 75.32% the S&P500.

More recent Valero Energy Corporation (NYSE:VLO) news were published by: Fool.com which released: “Why HollyFrontier Corporation (HFC) Dropped 11.3% in June” on July 13, 2018. Also Fool.com published the news titled: “3 Dividend Stocks That Put More Money in Your Pocket Each Quarter” on July 11, 2018. Seekingalpha.com‘s news article titled: “Valero Profitably Juggles Complex Refining Factors” with publication date: June 22, 2018 was also an interesting one.

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 $92.0 lowest target. $112.75’s average target is 5.04% above currents $107.34 stock price. Valero Energy Corp had 23 analyst reports since January 21, 2018 according to SRatingsIntel. On Wednesday, April 11 the stock rating was downgraded by Scotia Capital to “Hold”. The firm has “Hold” rating by Jefferies given on Wednesday, January 24. Jefferies maintained it with “Hold” rating and $9600 target in Tuesday, April 24 report. The stock of Valero Energy Corporation (NYSE:VLO) has “Outperform” rating given on Tuesday, May 29 by Wells Fargo. The firm has “Buy” rating given on Tuesday, January 30 by RBC Capital Markets. The firm has “Sector Perform” rating given on Wednesday, April 11 by Howard Weil. Credit Suisse reinitiated the shares of VLO in report on Wednesday, March 7 with “Neutral” rating. The rating was upgraded by Citigroup to “Buy” on Wednesday, February 14. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, May 17 report. Citigroup maintained it with “Neutral” rating and $96 target in Wednesday, January 24 report.

Valero Energy Corporation (NYSE:VLO) Ratings Chart

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