Traders Sell Valero Energy Co. (VLO) on Strength Following Analyst Downgrade

Marco Green
August 25, 2017

The fund owned 21,824 shares of the oil and gas company's stock after selling 621 shares during the period. Personal Capital Advisors invested 0.81% of its portfolio in Valero Energy Corporation (NYSE:VLO).

A number of other institutional investors have also modified their holdings of the company. Scotiabank fixed a $70.00 price objective on Valero Energy Corporation and issued the shares a "buy" recommendation in a analysis note on early Thur, Jul 27th. BlackRock Inc. now owns 38,217,393 shares of the oil and gas company's stock worth $2,533,433,000 after buying an additional 36,790,343 shares during the period. BlackRock has an ownership of 39,298,010 stocks of the oil and gas firms shares valued $2,651,044,000 after scooping up an extra 1,080,617 shares through out the previous quarter, Vanguard Group upped its stake in Valero Energy Corporation by 2.2% in the Fiscal Q2. WRIT's SI was 6,500 shares in August as released by FINRA. Investors who are keeping close eye on the stock of Valero Energy Corporation (NYSE:VLO) established that the company was able to keep return on investment at 5.32 in the trailing twelve month while Reuters data showed that industry's average stands at 6.30 and sector's optimum level is 16.09. Brookfield Asset Management Inc. now controls 4,040 shares with a value of $259,000. American International Group Inc. now owns 7,539,695 shares of the oil and gas company's stock worth $499,806,000 after buying an additional 102,794 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of Valero Energy Corporation by 1.9% in the second quarter. LSV Asset Management now owns 9,076,859 shares of the oil and gas company's stock worth $612,324,000 after buying an additional 366,009 shares during the period.

Covering sell-side analysts have recently weighed in on shares of Target Corporation (NYSE:TGT). The company has market cap of $28.63 billion. The company has a 50-day moving average price of $67.28 and a 200 day moving average price of $66.10. Valero Energy Corporation has a 52 week low of $51.17 and a 52 week high of $71.40. Mitsubishi Ufj Corp holds 0.14% in Valero Energy Corporation (NYSE:VLO) or 990,756 shares. The oil and gas company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.15. Evanston Invests Dba Evanston Advsrs has 2.28% invested in Valero Energy Corporation (NYSE:VLO). The firm had revenue of $22.25 billion for the quarter, compared to the consensus estimate of $19.32 billion. As of the last earnings report the EPS was $4.05 and is estimated to be $4.01 for the current year with 441,663,000 shares presently outstanding.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. The ex-dividend date is Monday, August 7th. The dividend will be $0.700 per share for the quarter or $2.80 on an annualized basis. Piper Jaffray maintained Valero Energy Corporation (NYSE:VLO) on Friday, May 26 with "Neutral" rating.

TRADEMARK VIOLATION WARNING: This article was originally published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark and copyright legislation. Hollencrest Lc has invested 0.04% of its portfolio in Valero Energy Corporation (NYSE:VLO). The rating was downgraded by Vetr to "Strong-Buy" on Tuesday, August 11. Citigroup Inc. decreased their price target on Valero Energy Corporation from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday, July 17th. Finally, ValuEngine upgraded shares of Valero Energy Corporation from a "hold" rating to a "buy" rating in a research report on Tuesday, June 6th. The stock of Valero Energy Corporation (NYSE:VLO) earned "Buy" rating by RBC Capital Markets on Thursday, June 15. The stock now has an average rating of "Buy" and an average target price of $71.59. Tightening the gaze, stock performance for the last 5 trading days is -3.40%. Following the completion of the transaction, the director now owns 9,866 shares of the company's stock, valued at $638,132.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Regentatlantic Limited Liability Company invested in 0.73% or 110,165 shares. Moreover, Gemmer Asset Mngmt Limited Liability has 0.01% invested in Valero Energy Corporation (NYSE:VLO). The Company's divisions include refining, ethanol and Valero Energy Partners LP (VLP).

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