Riverhead Capital Management LLC Upped Position in Valero Energy Corp (VLO)

Marco Green
March 13, 2018

Rdl Financial Inc sold 4,674 shares as Valero Energy Corp New (VLO)'s stock declined 2.47%. During the same quarter in the prior year, the company posted $0.77 earnings per share. Valinor Management Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $537.98 billion market cap company.

The stock decreased 0.85% or $0.8 during the last trading session, reaching $93.52. About 7.03M shares traded. (NYSE:KAR) has risen 7.49% since March 12, 2017 and is uptrending. It has underperformed by 6.08% the S&P500.

Riverhead Capital Management Llc increased its stake in Valero Energy Corp (VLO) by 74.78% based on its latest 2017Q3 regulatory filing with the SEC. On Monday, October 23 the stock rating was maintained by RBC Capital Markets with "Buy". The institutional investor held 463,774 shares of the military and government and technical company at the end of 2017Q3, valued at $7.06M, down from 486,074 at the end of the previous reported quarter. Css Llc who had been investing in Valero Energy Corp New (Put) for a number of months, seems to be bullish on the $40.86B market cap company. San Francisco Sentry Investment Group CA now owns 1,447 shares of the oil and gas company's stock worth $112,000 after buying an additional 1,386 shares in the last quarter. The stock had a trading volume of 292,004 shares, compared to its average volume of 3,355,564. Valero Energy Partners had a net margin of 52.75% and a return on equity of 144.86%. It has underperformed by 1.41% the S&P500.

Since October 2, 2017, it had 0 buys, and 10 insider sales for $35.14 million activity.

Valero Energy declared that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that permits the company to repurchase $2.50 billion in shares. The insider CISKOWSKI MICHAEL S sold 53,012 shares worth $3.86 million. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. Therefore 82% are positive. The firm has "Neutral" rating given on Thursday, May 19 by UBS. Deutsche Bank downgraded the shares of VLO in report on Wednesday, January 4 to "Hold" rating. The stock has "Outperform" rating by Credit Suisse on Tuesday, January 26. The company was maintained on Tuesday, February 6 by Citigroup.

In other Valero Energy news, Director Stephen M. Waters sold 1,000 shares of the firm's stock in a transaction dated Wednesday, December 13th. As per Thursday, July 21, the company rating was downgraded by Bank of America. The company was initiated on Friday, September 16 by Credit Suisse.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.36, from 1.33 in 2017Q2. It is positive, as 96 investors sold GILD shares while 488 reduced holdings. 78 funds opened positions while 352 raised stakes. Grimes Co Inc accumulated 18,038 shares. Federated Investors Incorporated Pa holds 0% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 15,310 shares. Neuberger Berman Group Limited holds 17,601 shares or 0% of its portfolio. Victory Mgmt owns 222,120 shares. Andra Ap invested 0.09% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Strategic Llc invested in 1.34% or 45,611 shares. Kentucky Retirement Ins Tru Fund, Kentucky-based fund reported 11,826 shares. Alabama-based 10 has invested 2.34% in General Electric Company (NYSE:GE). Wealth Enhancement Advisory Service Lc holds 0.19% in LyondellBasell Industries N.V. (NYSE:LYB) or 23,099 shares. Bluemountain Capital Management Ltd Liability stated it has 126,186 shares or 0.12% of all its holdings. Kcm Investment Ltd Liability reported 0.02% stake. Gemmer Asset Mgmt Limited Liability Company reported 0.01% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Assetmark stated it has 714 shares or 0% of all its holdings. Peddock Cap Advisors Limited Liability Corp holds 0.48% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 12,147 shares. The hedge fund run by David Gallo held 858,575 shares of the technology company at the end of 2017Q3, valued at $146.70M, up from 787,375 at the end of the previous reported quarter.

Analysts await American Express Company (NYSE:AXP) to report earnings on April, 18. After $1.58 actual earnings per share reported by American Express Company for the previous quarter, Wall Street now forecasts 8.23% EPS growth.

Riverhead Capital Management Llc, which manages about $2.13 billion US Long portfolio, decreased its stake in Etrade Financial Corp (NASDAQ:ETFC) by 75,513 shares to 79,155 shares, valued at $3.45M in 2017Q3, according to the filing. It also reduced its holding in Rite Aid Corp (Put) (NYSE:RAD) by 729,200 shares in the quarter, leaving it with 140,400 shares, and cut its stake in Cit Group Inc (Call) (NYSE:CIT). The stock of Valero Energy Corporation (NYSE:VLO) earned "Buy" rating by RBC Capital Markets on Tuesday, January 30. Therefore 50% are positive. Regal Entertainment Group had 67 analyst reports since July 31, 2015 according to SRatingsIntel. Mizuho maintained Valero Energy Corporation (NYSE:VLO) rating on Friday, February 3. They issued a "neutral" rating and a $91.00 target price for the company. Standpoint Research initiated it with "Accumulate" rating and $84 target in Friday, June 30 report. Citigroup maintained the shares of VLO in report on Wednesday, October 19 with "Buy" rating. The company has a market capitalization of $2,711.80, a P/E ratio of 13.85, a P/E/G ratio of 1.19 and a beta of 0.78. The firm has "Outperform" rating given on Wednesday, April 26 by RBC Capital Markets. The stock of General Electric Company (NYSE:GE) earned "Hold" rating by Cowen & Co on Monday, August 7. Cowen & Co maintained it with "Outperform" rating and $90 target in Thursday, September 28 report.

Investors sentiment decreased to 0.97 in Q3 2017. The company has a quick ratio of 1.17, a current ratio of 1.74 and a debt-to-equity ratio of 0.38. The correct version of this report can be viewed at https://www.dispatchtribunal.com/2018/03/12/valero-energy-co-vlo-shares-sold-by-axa.html. 97 funds opened positions while 258 raised stakes. The oil and gas company reported $1.16 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.08 by $0.08. Amica Mutual Insur has invested 0.27% of its portfolio in Valero Energy Corporation (NYSE:VLO). Canada Pension Plan Investment Board reported 447,624 shares. Westfield Cap Mgmt Ltd Partnership has invested 0.38% in Valero Energy Corporation (NYSE:VLO). Piper Jaffray Companies reissued a "hold" rating and set a $78.00 price objective on shares of Valero Energy in a report on Friday, November 17th. Peoples Svcs Corporation invested in 100 shares. Shell Asset has invested 0.07% in Valero Energy Corporation (NYSE:VLO). Duncker Streett Communications invested 0.01% in Valero Energy Corporation (NYSE:VLO). Millennium Mgmt Ltd Liability reported 575,183 shares or 0.07% of all its holdings. First Quadrant LP Ca reported 431,026 shares stake.

Pictet Bank & Trust Ltd, which manages about $334.56 million US Long portfolio, upped its stake in Amazon Com Inc (NASDAQ:AMZN) by 3,107 shares to 6,591 shares, valued at $6.34 million in 2017Q3, according to the filing. Goldman Sachs downgraded Valero Energy Corporation (NYSE:VLO) on Tuesday, May 16 to "Neutral" rating.

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