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VLO

Valero

$77.28

-0.05 (-0.06%)

, VLP

Valero Energy Partners

$42.24

0.005 (0.01%)

09:21
01/10/19
01/10
09:21
01/10/19
09:21

Valero, Valero Energy Partners announce completion of merger

Valero (VLO) and Valero Energy Partners (VLP) announced the completion of the previously announced merger between the partnership and a wholly owned subsidiary of Valero, pursuant to which Valero acquired all of the outstanding common units of the partnership not already owned by Valero and its subsidiaries. Effective immediately, the partnership's common units will no longer be publicly traded on the NYSE.

VLO

Valero

$77.28

-0.05 (-0.06%)

VLP

Valero Energy Partners

$42.24

0.005 (0.01%)

  • 31

    Jan

  • 10

    Feb

VLO Valero
$77.28

-0.05 (-0.06%)

10/26/18
LEHM
10/26/18
NO CHANGE
Target $165
LEHM
Overweight
Valero risk/reward 'highly attractive' at current levels, says Barclays
Barclays analyst Paul Cheng says Valero Energy's risk/reward is "highly attractive" at $87 per share. He sees a "highly attractive buying opportunity" and keeps an Overweight rating on the name with a $165 price target. While it makes sense for Valero to have sold off recently given the company's high overall refining exposure, the extent of the pullback is overblown, Cheng tells investors in a research note. He believes the shares "screen cheap on just about every traditional valuation metric now." Further, he still calculates a sum-of-the-parts value of $140 per even if eliminating all IMO benefits.
10/31/18
FBCO
10/31/18
UPGRADE
FBCO
Outperform
Valero upgraded to Outperform from Neutral at Credit Suisse
11/01/18
11/01/18
UPGRADE
Target $120

Outperform
Valero upgraded to Outperform at Credit Suisse
As previously reported, Credit Suisse analyst Manoj Gupta upgraded Valero to Outperform from Neutral as he believes the selloff is closer to the end as most of the bad news is already priced in the stocks. His back testing indicates that refiners tend to recover almost all losses in major pullbacks about 3 months after equites bottom. Given the deterioration in refining macro, Valero is widely out of favor, but as cracks stabilize and refining equities reverse course, Gupta thinks it will reverse its underperformance versus diversified peers. The analyst lowered his price target on the shares to $120 from $135.
01/10/19
PIPR
01/10/19
INITIATION
Target $97
PIPR
Overweight
Valero assumed with an Overweight at Piper Jaffray
Piper Jaffray analyst Blake Fernandez assumed coverage of Valero with an Overweight rating and $97 price target.
VLP Valero Energy Partners
$42.24

0.005 (0.01%)

10/10/18
FBCO
10/10/18
INITIATION
Target $40
FBCO
Neutral
Valero Energy Partners initiated with a Neutral at Credit Suisse
Credit Suisse analyst Spiro Dounis initiated Valero Energy Partners with a Neutral rating and a price target of $40.
10/18/18
RBCM
10/18/18
DOWNGRADE
Target $42
RBCM
Sector Perform
Valero Energy Partners cut to Sector Perform from Outperform at RBC Capital
RBC Capital analyst TJ Schultz downgraded Valero Energy Partners to Sector Perform from Outperform and lowered his price target to $42 from $45.
10/19/18
RBCM
10/19/18
DOWNGRADE
Target $42
RBCM
Sector Perform
Valero Energy Partners cut to Sector Perform at RBC Capital on acquisition
As reported earlier, RBC Capital analyst TJ Schultz downgraded Valero Energy Partners (VLP) to Sector Perform from Outperform and lowered his price target to $42 from $45 after the company's remaining outstanding public units were acquired by Valero (VLO). The analyst notes that he had "increasingly" expected the transaction to proceed recently as the companies' prior economics were "not conducive to the intended financing strategy". Schultz expects the deal to close under the agreed upon terms.
10/19/18
RHCO
10/19/18
DOWNGRADE
Target $42.25
RHCO
Hold
Valero Energy Partners downgraded to Hold from Buy at SunTrust
SunTrust analyst Tristan Richardson downgraded Valero Energy Partners (VLP) to Hold from Buy and lowered his price target to $42.25 from $46 after yesterday's announcement that Valero (VLO) is acquiring its remaining shares. The analyst notes that this is a common practice in the industry right now and sees little likelihood of an increased offer.

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MRVL

Marvell

$16.43

-0.2 (-1.20%)

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MidWestOne

$25.94

-0.03 (-0.12%)

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JPM

JPMorgan

$102.10

-0.38 (-0.37%)

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PayPal

$90.34

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JPMorgan

$102.10

-0.38 (-0.37%)

PYPL

PayPal

$90.34

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MA

MasterCard

$198.34

0.56 (0.28%)

V

Visa

$137.01

-0.31 (-0.23%)

AXP

American Express

$99.38

-0.02 (-0.02%)

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FB

Facebook

$148.78

1.3 (0.88%)

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  • 24

    Jan

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USO

United States Oil Fund

$10.77

-0.275 (-2.49%)

11:20
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Size straddle crossed firm-to-firm tied to stock in US Oil ETF »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

11:17
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$NYE

NYSE Market Internals

$0.00

(0.00%)

11:16
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BNPQY

BNP Paribas

$0.00

(0.00%)

, SCGLY

Societe Generale

$0.00

(0.00%)

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Periodicals
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BNPQY

BNP Paribas

$0.00

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SCGLY

Societe Generale

$0.00

(0.00%)

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NDAQ

Nasdaq

$82.91

-0.07 (-0.08%)

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AMRN

Amarin

$17.30

0.68 (4.09%)

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FFIV

F5 Networks

$156.81

-5.05 (-3.12%)

, CMG

Chipotle

$515.33

0.83 (0.16%)

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CMG

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PUMP

ProPetro Holding

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HAL

Halliburton

$30.45

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XLNX

Xilinx

$90.73

0.24 (0.27%)

EA

Electronic Arts

$88.17

-1.73 (-1.92%)

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  • 22

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SKX

Skechers

$26.68

1.31 (5.16%)

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