Magnetar Financial Has Lowered Valero Energy New (VLO) Position as Share Value Declined; As Kirby (KEX) Share Price Declined, Sequent Asset Management Cut Its Stake by $390,100

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Magnetar Financial Llc decreased its stake in Valero Energy Corp New (VLO) by 82.52% based on its latest 2018Q2 regulatory filing with the SEC. Magnetar Financial Llc sold 22,234 shares as the company’s stock declined 1.33% while stock markets rallied. The hedge fund held 4,710 shares of the integrated oil company at the end of 2018Q2, valued at $522,000, down from 26,944 at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Valero Energy Corp New for a number of months, seems to be less bullish one the $33.74 billion market cap company. The stock decreased 2.20% or $1.79 during the last trading session, reaching $79.51. About 6.22 million shares traded or 60.05% up from the average. Valero Energy Corporation (NYSE:VLO) has risen 65.66% since December 6, 2017 and is uptrending. It has outperformed by 50.04% the S&P500. Some Historical VLO News: 19/04/2018 – EXPLOSION HITS VALERO REFINERY IN TEXAS CITY; 06/03/2018 – Valero Reports ‘Refinery-Wide’ Power Outage at Three Rivers Plant; 25/04/2018 – VALERO MCKEE REFINERY HAS EMISSIONS EVENT REPORT; 14/05/2018 – Pegasus Announces Sale of Pure Biofuels Del Peru to Valero; 14/05/2018 – VALERO ENERGY – THROUGH UNITS, ACQUIRED PURE BIOFUELS DEL PERU S.A.C. FROM PEGASUS CAPITAL ADVISORS, PBF MANAGEMENT EFFECTIVE MAY 14; 19/04/2018 – LILLIAN RIOJAS, VALERO SPOKESWOMAN, COMMENTS BY EMAIL; 26/04/2018 – Valero Texas City begins gasoline unit work while fixing alky unit; 17/05/2018 – Valero Energy Corp Announces Pricing of Notes Offering; 26/04/2018 – Valero Targets 2018 Total Payout Ratio of 40%-50% of Adjusted Net Cash Provided by Operating Activities; 19/04/2018 – VLO: Explosions at Valero in Texas City

Sequent Asset Management Llc decreased its stake in Kirby Corp (KEX) by 31.33% based on its latest 2018Q2 regulatory filing with the SEC. Sequent Asset Management Llc sold 4,700 shares as the company’s stock declined 11.36% while stock markets rallied. The institutional investor held 10,300 shares of the marine transportation company at the end of 2018Q2, valued at $861,000, down from 15,000 at the end of the previous reported quarter. Sequent Asset Management Llc who had been investing in Kirby Corp for a number of months, seems to be less bullish one the $4.54 billion market cap company. The stock decreased 2.04% or $1.58 during the last trading session, reaching $75.78. About 569,749 shares traded or 14.44% up from the average. Kirby Corporation (NYSE:KEX) has risen 19.62% since December 6, 2017 and is uptrending. It has outperformed by 4.00% the S&P500. Some Historical KEX News: 25/04/2018 – KIRBY 1Q REV. $741.7M, EST. $696.1M; 03/05/2018 – Kirby Corporation Signs Agreement To Purchase Pressure Barges From Targa Resources Corp; 03/05/2018 – KIRBY IN PACT TO BUY PRESSURE BARGES FOR $69.3M IN CASH; 25/04/2018 – Kirby Corp 1Q Rev $741.7M; 26/04/2018 – Kirby Presenting at Wells Fargo Industrials Conference May 9; 03/05/2018 – KIRBY CORP KEX.N -AGREEMENT TO ACQUIRE TARGA RESOURCES CORP’S INLAND MARINE TANK BARGE BUSINESS FOR APPROXIMATELY $69.3 MLN IN CASH; 03/05/2018 – KIRBY CORP – EXPECT TO INCUR SOME COSTS IN NEAR TERM FROM DEAL; 25/04/2018 – Kirby Corp 1Q EPS 54c; 24/04/2018 – Kirby Corporation Announces The Retirement Of Joseph H. Pyne As Executive Chairman; 03/05/2018 – Kirby Corp Sees Deal Closing End 2

Since June 6, 2018, it had 0 insider purchases, and 4 sales for $9.15 million activity. Husted Amy D. also sold $89,742 worth of Kirby Corporation (NYSE:KEX) shares. 2,618 Kirby Corporation (NYSE:KEX) shares with value of $236,777 were sold by Reniers Joseph H.. On Thursday, August 23 STRAHAN DORMAN LYNN sold $275,415 worth of Kirby Corporation (NYSE:KEX) or 3,170 shares.

Investors sentiment increased to 1.25 in 2018 Q2. Its up 0.38, from 0.87 in 2018Q1. It increased, as 16 investors sold KEX shares while 77 reduced holdings. 40 funds opened positions while 76 raised stakes. 54.93 million shares or 1.38% more from 54.19 million shares in 2018Q1 were reported. Prudential Fincl holds 33,862 shares or 0% of its portfolio. Cwm Ltd accumulated 16 shares. Crestwood Cap Limited Partnership has 5.6% invested in Kirby Corporation (NYSE:KEX) for 124,038 shares. Frontier Cap Management Com Llc holds 0.13% or 226,187 shares in its portfolio. State Treasurer State Of Michigan holds 19,800 shares. Ls Investment Ltd Llc reported 3,070 shares. Moreover, Manufacturers Life Ins Communication The has 0.01% invested in Kirby Corporation (NYSE:KEX) for 85,627 shares. State Board Of Administration Of Florida Retirement Systems owns 71,999 shares. 645,070 are held by Price T Rowe Assoc Inc Md. 169,680 are owned by Ameriprise Financial. Campbell And Adviser Ltd Liability Corporation invested in 2,693 shares or 0.17% of the stock. Wells Fargo Comm Mn stated it has 0.01% of its portfolio in Kirby Corporation (NYSE:KEX). Virginia Retirement System Et Al reported 25,000 shares or 0.03% of all its holdings. J Goldman And Lp reported 0.15% in Kirby Corporation (NYSE:KEX). Hermes Inv Management Ltd stated it has 0.91% of its portfolio in Kirby Corporation (NYSE:KEX).

More news for Kirby Corporation (NYSE:KEX) were recently published by: Seekingalpha.com, which released: “Kirby’s Recovery Prospects No Longer Undervalued – Seeking Alpha” on May 09, 2018. Businesswire.com‘s article titled: “Fluid Delivery Solutions, LLC Appoints Executive Chairman – Business Wire” and published on November 12, 2018 is yet another important article.

Analysts await Kirby Corporation (NYSE:KEX) to report earnings on January, 30. They expect $0.68 earnings per share, up 25.93% or $0.14 from last year’s $0.54 per share. KEX’s profit will be $40.71M for 27.86 P/E if the $0.68 EPS becomes a reality. After $0.70 actual earnings per share reported by Kirby Corporation for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Among 15 analysts covering Kirby (NYSE:KEX), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Kirby has $103 highest and $32 lowest target. $77.38’s average target is 2.11% above currents $75.78 stock price. Kirby had 43 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Friday, February 3 by Wells Fargo. The stock of Kirby Corporation (NYSE:KEX) earned “Buy” rating by Jefferies on Tuesday, May 30. Jefferies initiated it with “Buy” rating and $85.0 target in Monday, December 18 report. BB&T Capital upgraded it to “Buy” rating and $80 target in Monday, May 2 report. The firm earned “Buy” rating on Thursday, February 1 by Jefferies. Jefferies maintained it with “Buy” rating and $8500 target in Monday, August 7 report. The stock of Kirby Corporation (NYSE:KEX) earned “Buy” rating by Stifel Nicolaus on Thursday, April 5. The stock of Kirby Corporation (NYSE:KEX) earned “Market Perform” rating by Cowen & Co on Friday, April 29. The rating was downgraded by Credit Suisse on Tuesday, June 21 to “Neutral”. As per Friday, February 2, the company rating was upgraded by Evercore.

Since July 30, 2018, it had 0 insider buys, and 1 sale for $116,755 activity.

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Seekingalpha.com which released: “MLP Monthly Report: November 2018 – Seeking Alpha” on November 21, 2018, also Streetinsider.com with their article: “Union rallies outside LyondellBasell refinery over labor talks – StreetInsider.com” published on December 05, 2018, Globenewswire.com published: “Jay Browning to Retire as Valero Executive Vice President and General Counsel January 1, 2019; Jason Fraser to Assume General Counsel Position – GlobeNewswire” on November 06, 2018. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Seekingalpha.com and their article: “Valero Has 50% Upside – Seeking Alpha” published on October 23, 2018 as well as Fool.com‘s news article titled: “Darling Ingredients Makes an Acquisition and Raises Buybacks After a Tough Quarter – Motley Fool” with publication date: November 07, 2018.

Investors sentiment decreased to 0.82 in Q2 2018. Its down 0.07, from 0.89 in 2018Q1. It is negative, as 40 investors sold VLO shares while 377 reduced holdings. 107 funds opened positions while 233 raised stakes. 321.20 million shares or 0.04% less from 321.31 million shares in 2018Q1 were reported. Smithfield Trust reported 0.03% of its portfolio in Valero Energy Corporation (NYSE:VLO). Grassi Invest Mngmt holds 0.06% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 3,100 shares. Perella Weinberg Prtn Capital Mgmt Limited Partnership owns 169,535 shares. Brighton Jones stated it has 1,805 shares. Cadence National Bank Na invested in 3,904 shares or 0.18% of the stock. Moreover, Geode Capital Management Ltd Liability Company has 0.18% invested in Valero Energy Corporation (NYSE:VLO). Valley Advisers holds 357 shares. West Oak Ltd holds 70 shares. Advisory Serv Networks Limited Liability Corp owns 20,774 shares. Private Tru Na holds 3,756 shares or 0.09% of its portfolio. Todd Asset Ltd Liability reported 0.5% of its portfolio in Valero Energy Corporation (NYSE:VLO). Peddock Capital Advisors Ltd Liability invested in 12,448 shares or 0.69% of the stock. Rmb Mgmt Lc owns 0.01% invested in Valero Energy Corporation (NYSE:VLO) for 2,080 shares. Penobscot Inv Management stated it has 20,430 shares or 0.53% of all its holdings. 806 were accumulated by Winslow Evans Crocker Inc.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on February, 7. They expect $1.09 earnings per share, down 6.03% or $0.07 from last year’s $1.16 per share. VLO’s profit will be $462.50M for 18.24 P/E if the $1.09 EPS becomes a reality. After $2.01 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -45.77% negative EPS growth.

Kirby Corporation (NYSE:KEX) Institutional Positions Chart

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