Investec Asset Management North America Increased Its Las Vegas Sands (LVS) Position; Investec Asset Management LTD Cut Valero Energy (VLO) Holding By $108.69 Million

August 12, 2018 - By Jason Dias

Las Vegas Sands Corp. (NYSE:LVS) Logo

Investec Asset Management Ltd decreased Valero Energy Corp (VLO) stake by 32.75% reported in 2018Q1 SEC filing. Investec Asset Management Ltd sold 1.18 million shares as Valero Energy Corp (VLO)’s stock rose 27.24%. The Investec Asset Management Ltd holds 2.43 million shares with $225.07M value, down from 3.61 million last quarter. Valero Energy Corp now has $49.72 billion valuation. The stock increased 0.20% or $0.23 during the last trading session, reaching $115.37. About 2.06 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 87.89% since August 12, 2017 and is uptrending. It has outperformed by 75.32% the S&P500. Some Historical VLO News: 19/04/2018 – VALERO TEXAS CITY TEXAS REFINERY FIRE BROKE OUT ON ALKYLATION UNIT; 21/03/2018 – Valero Meraux refinery restarts hydrocracker; 14/03/2018 – VALERO PORT ARTHUR REFINERY HAS EMISSIONS EVENT REPORT; 14/05/2018 – Valero expands into South America with Peru biofuels deal; 19/04/2018 – EXPLOSION SETS OFF FIRE AT VALERO TEXAS CITY TEXAS REFINERY; 28/03/2018 – Texas Emissions: 281217 – VALERO PARTNERS PORT ARTHUR; 26/04/2018 – VALERO SAYS BEGINS PLANNED TEXAS CITY REFINERY GASOLINE UNIT OVERHAUL WHILE REPAIRING ALKY UNIT; 14/03/2018 – Valero Reports Operational Disruption at Port Arthur, Texas, Refinery; 20/04/2018 – Texas Emissions: 282585 – VALERO CORPUS CHRISTI REFINERY WEST PLANT; 26/04/2018 – VALERO ENERGY BEGINS 1Q EARNINGS CONFERENCE CALL

Investec Asset Management North America Inc increased Las Vegas Sands Corp (LVS) stake by 87.83% reported in 2018Q1 SEC filing. Investec Asset Management North America Inc acquired 212,406 shares as Las Vegas Sands Corp (LVS)’s stock rose 7.30%. The Investec Asset Management North America Inc holds 454,246 shares with $32.66M value, up from 241,840 last quarter. Las Vegas Sands Corp now has $53.46 billion valuation. The stock decreased 0.98% or $0.67 during the last trading session, reaching $67.85. About 4.13M shares traded or 11.56% up from the average. Las Vegas Sands Corp. (NYSE:LVS) has risen 36.93% since August 12, 2017 and is uptrending. It has outperformed by 24.36% the S&P500. Some Historical LVS News: 18/05/2018 – S&PGRBulletin: Las Vegas Sands Rtgs Unaffctd By Trm Ln Add-On; 27/03/2018 – LAS VEGAS SANDS SAYS CO, UNIT, AMONG OTHERS ENTERED INTO FIFTH AMENDMENT TO EXISTING CREDIT AGREEMENT – SEC FILING; 03/04/2018 – Casino Guidelines in Japan Could Benefit MGM, Las Vegas Sands; 08/03/2018 – Las Vegas Sands Agrees to $1.3 billion sale of Sands Bethlehem; 08/03/2018 – Las Vegas Sands Sells Casino in Pennsylvania for $1.3 Billion; 09/03/2018 – Las Vegas R-J: Las Vegas Sands properties raise daily resort fees to $45; 26/04/2018 – LAS VEGAS SANDS CORP LVS.N : DEUTSCHE BANK RAISES TARGET PRICE TO $76 FROM $71; 14/05/2018 – MGM, LVS: BREAKING: U.S. Supreme Court rules that federal ban on state-sanctioned sports betting is unconstitutional. Decides case in favor of New Jersey. Floodgates now officially open for other states to allow sports betting; 08/03/2018 – LAS VEGAS SANDS – ENTERED AGREEMENT UNDER WHICH WIND CREEK HOSPITALITY WILL BUY SANDS BETHLEHEM PROPERTY IN PENNSYLVANIA; 25/04/2018 – Las Vegas Sands 1Q Adj EPS $1.04

Investors sentiment decreased to 0.89 in Q1 2018. Its down 0.09, from 0.98 in 2017Q4. It turned negative, 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. Pinebridge Invests LP reported 212,194 shares or 0.47% of all its holdings. Westpac Bk Corp holds 39,483 shares or 0% of its portfolio. Green Square Ltd Com holds 1.28% or 88,019 shares. Twin Management has invested 0.53% in Valero Energy Corporation (NYSE:VLO). Smithfield has invested 0.03% in Valero Energy Corporation (NYSE:VLO). Bahl & Gaynor has invested 0.76% in Valero Energy Corporation (NYSE:VLO). Bnp Paribas Arbitrage stated it has 427,396 shares. 59 were accumulated by Tortoise Inv. Arizona State Retirement Systems accumulated 194,024 shares. First Interstate Natl Bank accumulated 0.17% or 8,062 shares. Manchester Limited Liability accumulated 2,124 shares. 121,490 were accumulated by Whittier Tru Company. Virginia Retirement Et Al reported 246,000 shares or 0.28% of all its holdings. Axa accumulated 823,553 shares. Old Mutual Investors (Uk) has invested 0.01% of its portfolio in Valero Energy Corporation (NYSE:VLO).

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on October, 25. They expect $1.86 EPS, down 2.62% or $0.05 from last year’s $1.91 per share. VLO’s profit will be $801.51M for 15.51 P/E if the $1.86 EPS becomes a reality. After $2.15 actual EPS reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -13.49% negative EPS growth.

Since May 21, 2018, it had 0 buys, and 3 insider sales for $10.60 million activity. Another trade for 1,000 shares valued at $121,043 was made by Waters Stephen M on Wednesday, May 23. 85,493 shares were sold by Gorder Joseph W, worth $10.36 million.

Among 15 analysts covering Valero Energy (NYSE:VLO), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Valero Energy had 20 analyst reports since February 14, 2018 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 27 by JP Morgan. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, July 31. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, May 17. On Wednesday, April 11 the stock rating was downgraded by Scotia Capital to “Hold”. The rating was maintained by Wells Fargo with “Outperform” on Tuesday, May 29. The stock of Valero Energy Corporation (NYSE:VLO) earned “Neutral” rating by Credit Suisse on Monday, April 30. On Monday, March 19 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Hold” rating by Piper Jaffray given on Monday, April 23. On Wednesday, February 14 the stock rating was upgraded by Citigroup to “Buy”. Cowen & Co maintained the stock with “Buy” rating in Thursday, April 26 report.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Bizjournals.com which released: “Domestic crude oil discount results in $845 million profit for Valero in second quarter” on July 27, 2018, also Seekingalpha.com with their article: “Only a matter of time before Venezuela loses Citgo, analysts say” published on August 10, 2018, Globenewswire.com published: “Valero Energy Corporation Declares Regular Cash Dividend on Common Stock” on July 20, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Bizjournals.com and their article: “Permian Basin growth fuels higher profit for NuStar Energy in second quarter” published on August 07, 2018 as well as Fool.com‘s news article titled: “Better Buy: Calumet Specialty Products Partners LP vs. Valero Energy Corporation” with publication date: July 18, 2018.

Since March 13, 2018, it had 0 insider buys, and 1 insider sale for $2.98 million activity. Shares for $2.98 million were sold by Goldstein Robert G.

More notable recent Las Vegas Sands Corp. (NYSE:LVS) news were published by: Seekingalpha.com which released: “Las Vegas Sands -4% after mixed results” on July 25, 2018, also Fool.com with their article: “Here’s Why MGM Resorts May Be the Best Casino Bet” published on August 08, 2018, Fool.com published: “Is Las Vegas Sands a Buy After Its Post-Earnings Dip?” on August 03, 2018. More interesting news about Las Vegas Sands Corp. (NYSE:LVS) were released by: Fool.com and their article: “Las Vegas Sands Looking Strong in Macau” published on August 02, 2018 as well as Nasdaq.com‘s news article titled: “Casinos to Start Jockeying for Japan’s 3 New Licenses” with publication date: August 09, 2018.

Investors sentiment increased to 1.14 in 2018 Q1. Its up 0.04, from 1.1 in 2017Q4. It is positive, as 44 investors sold LVS shares while 171 reduced holdings. 80 funds opened positions while 165 raised stakes. 281.57 million shares or 2.15% less from 287.76 million shares in 2017Q4 were reported. Grimes holds 0.57% or 82,381 shares in its portfolio. Sandhill Prtn Ltd Com invested in 110,298 shares or 1.3% of the stock. Perkins Coie stated it has 0.02% in Las Vegas Sands Corp. (NYSE:LVS). Motco owns 500 shares for 0% of their portfolio. Wellington Grp Llp holds 0.08% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS) for 4.87 million shares. Ameriprise Fin owns 2.60 million shares or 0.08% of their US portfolio. Jefferies Grp Limited Liability Co has 30,440 shares for 0.01% of their portfolio. Jennison Assocs Ltd Co has invested 0% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Gilman Hill Asset Mgmt Limited Company reported 24,600 shares. Rothschild Investment Corp Il invested in 128,662 shares or 1.18% of the stock. Boston Private Wealth Ltd stated it has 0.04% of its portfolio in Las Vegas Sands Corp. (NYSE:LVS). Strs Ohio stated it has 389,982 shares. Moneta Grp Inv Advsrs Limited Liability Com has invested 0.07% in Las Vegas Sands Corp. (NYSE:LVS). Banque Pictet Cie Sa owns 110,407 shares. Cwm Limited Liability Corporation accumulated 28,121 shares.

Las Vegas Sands Corp. (NYSE:LVS) Institutional Positions Chart

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