As Valero Energy (VLO) Share Value Declined, Cadence Bank Na Has Boosted by $400,359 Its Holding; Fifth Third Bancorp (FITB) Stock Price Declined While Olstein Capital Management LP Has Raised Its Position

Valero Energy Corporation (NYSE:VLO) Logo

Olstein Capital Management Lp increased its stake in Fifth Third Bancorp (FITB) by 8.88% based on its latest 2018Q3 regulatory filing with the SEC. Olstein Capital Management Lp bought 15,000 shares as the company’s stock declined 15.50% with the market. The institutional investor held 184,000 shares of the major banks company at the end of 2018Q3, valued at $5.14 million, up from 169,000 at the end of the previous reported quarter. Olstein Capital Management Lp who had been investing in Fifth Third Bancorp for a number of months, seems to be bullish on the $17.09 billion market cap company. The stock decreased 1.31% or $0.35 during the last trading session, reaching $26.43. About 5.13M shares traded. Fifth Third Bancorp (NASDAQ:FITB) has declined 18.22% since February 10, 2018 and is downtrending. It has underperformed by 18.22% the S&P500. Some Historical FITB News: 21/05/2018 – FIFTH THIRD BANCORP TO MERGE WITH MB FINL CREATING A LEADING RE; 08/05/2018 – FINRA – FOUND FIFTH THIRD FAILED TO COMPLY WITH A TERM OF 2009 SETTLEMENT WITH FINRA; 24/04/2018 – Fifth Third Bancorp’s quarterly profit more than doubles; 21/05/2018 – FIFTH THIRD BANCORP SEES RESTRUCTURING COSTS OF $300 MLN AFTER-TAX RELATED TO MB FINANCIAL DEAL; 22/05/2018 – KBRA Comments on the Proposed Acquisition of MB Financial, Inc. (MBFI) by Fifth Third Bancorp (FITB); 24/04/2018 – FIFTH THIRD BANCORP – AT QTR-END TIER 1 RISK BASED CAPITAL RATIO OF 11.95 PCT VS 11.90 PCT REPORTED LAST YEAR; 21/05/2018 – FIFTH THIRD BANCORP – 2 MEMBERS OF MB FINANCIAL’S BOARD OF DIRECTORS ARE EXPECTED TO JOIN FIFTH THIRD BANCORP BOARD; 24/04/2018 – FIFTH THIRD 1Q ADJ EPS 57C; 21/05/2018 – FIFTH THIRD BANCORP – DEAL FOR VALUED AT APPROXIMATELY $4.7 BLN; 21/05/2018 – FIFTH THIRD SAYS MB FINL HOLDERS TO GET $54.20 CONSIDERATION

Cadence Bank Na increased its stake in Valero Energy Corp (VLO) by 90.75% based on its latest 2018Q3 regulatory filing with the SEC. Cadence Bank Na bought 3,543 shares as the company’s stock declined 36.33% with the market. The institutional investor held 7,447 shares of the integrated oil company at the end of 2018Q3, valued at $847,000, up from 3,904 at the end of the previous reported quarter. Cadence Bank Na who had been investing in Valero Energy Corp for a number of months, seems to be bullish on the $35.70 billion market cap company. The stock increased 0.27% or $0.23 during the last trading session, reaching $84.14. About 4.13M shares traded. Valero Energy Corporation (NYSE:VLO) has declined 14.27% since February 10, 2018 and is downtrending. It has underperformed by 14.27% the S&P500. Some Historical VLO News: 08/05/2018 – MARATHON, VALERO REFINERIES IN TEXAS CITY, TEXAS, LOSE POWER DUE TO SUBSTATION FIRE; 14/03/2018 – VALERO PORT ARTHUR REFINERY HAS EMISSIONS EVENT REPORT; 23/04/2018 – Texas Emissions: 282631 – VALERO REFINING TEXAS CITY REFINERY; 26/04/2018 – Valero Energy 1Q Refinery Throughput Capacity Utilization 94%; 09/05/2018 – Valero Energy at Royal Bank of Canada Conference Jun 5; 19/04/2018 – Valero’s Port Arthur, Texas, refinery running at 10 pct above capacity; 18/04/2018 – Cal EMA Spills: SPILL Report – Valero Benicia Refinery – 04/18/2018 04:02 AM; 04/05/2018 – Valero Energy Corporation Will Attend The Citi Global Energy & Utilities Conference; 14/05/2018 – VALERO ENERGY – THROUGH UNITS, ACQUIRED PURE BIOFUELS DEL PERU S.A.C. FROM PEGASUS CAPITAL ADVISORS, PBF MANAGEMENT EFFECTIVE MAY 14; 23/04/2018 – Valero Reports Power Disruption at Corpus Christi, Texas Refinery

Investors sentiment decreased to 0.82 in Q3 2018. Its down 0.38, from 1.2 in 2018Q2. It is negative, as 35 investors sold FITB shares while 226 reduced holdings. 66 funds opened positions while 148 raised stakes. 517.00 million shares or 4.96% less from 544.00 million shares in 2018Q2 were reported. Wealthfront Corp invested in 0.01% or 49,865 shares. Sei Invs invested in 479,157 shares or 0.05% of the stock. Grantham Mayo Van Otterloo And Ltd Company owns 0.02% invested in Fifth Third Bancorp (NASDAQ:FITB) for 112,673 shares. Ims Capital Mgmt has invested 0% in Fifth Third Bancorp (NASDAQ:FITB). Assetmark Inc holds 5,701 shares. Keybank Association Oh has 90,453 shares. Foster Motley owns 38,711 shares. Los Angeles Mngmt & Equity Rech holds 0.13% or 909,201 shares. Moreover, Invesco has 0.29% invested in Fifth Third Bancorp (NASDAQ:FITB) for 33.31 million shares. 263,736 are owned by Ontario Teachers Pension Plan Board. Csat Inv Advisory Limited Partnership invested in 356 shares. Bridgewater Assoc Limited Partnership has 15,089 shares. Bancorporation Of Montreal Can has invested 0.05% of its portfolio in Fifth Third Bancorp (NASDAQ:FITB). Gallagher Fiduciary Advsr Ltd Liability invested in 43.07% or 6.06M shares. Delta Asset Ltd Liability Corp Tn has invested 0% in Fifth Third Bancorp (NASDAQ:FITB).

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Nasdaq.com which released: “What to Expect From Fifth Third (FITB) in Q3 Earnings? – Nasdaq” on October 22, 2018, also Bizjournals.com with their article: “Fifth Third: Why we bought Chapel Hill’s Franklin Street Partners – Triangle Business Journal” published on August 31, 2018, Seekingalpha.com published: “Comparing Regions Financial And Fifth Third Bancorp – Seeking Alpha” on July 31, 2017. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Nasdaq.com and their article: “Daily Dividend Report: BA, CP, ABX, FITB, ORCL – Nasdaq” published on December 18, 2018 as well as Seekingalpha.com‘s news article titled: “Fifth Third Bancorp-MB Financial Merger Marks A New Era For U.S. Banks – Seeking Alpha” with publication date: May 23, 2018.

Among 34 analysts covering Fifth Third (NASDAQ:FITB), 9 have Buy rating, 0 Sell and 25 Hold. Therefore 26% are positive. Fifth Third had 123 analyst reports since July 22, 2015 according to SRatingsIntel. As per Monday, October 10, the company rating was downgraded by Nomura. The firm has “Hold” rating by Susquehanna given on Tuesday, April 24. Nomura maintained the stock with “Neutral” rating in Wednesday, April 25 report. On Friday, January 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was maintained by Jefferies with “Hold” on Thursday, June 8. Jefferies maintained the shares of FITB in report on Tuesday, January 23 with “Hold” rating. Robert W. Baird maintained the shares of FITB in report on Friday, November 3 with “Sell” rating. On Tuesday, April 24 the stock rating was maintained by Robert W. Baird with “Sell”. As per Wednesday, November 16, the company rating was downgraded by Robert W. Baird. The firm earned “Neutral” rating on Wednesday, November 30 by Wedbush.

Olstein Capital Management Lp, which manages about $769.90M and $746.92M US Long portfolio, decreased its stake in Dunkin Brands Group Inc (NASDAQ:DNKN) by 31,850 shares to 39,300 shares, valued at $2.90M in 2018Q3, according to the filing. It also reduced its holding in Alphabet Inc by 1,000 shares in the quarter, leaving it with 8,200 shares, and cut its stake in Oracle Corp (NYSE:ORCL).

More notable recent Valero Energy Corporation (NYSE:VLO) news were published by: Seekingalpha.com which released: “Valero Energy – This Oil Refining Stock Offers Value – Seeking Alpha” on December 18, 2018, also Seekingalpha.com with their article: “Valero Has 50% Upside – Seeking Alpha” published on October 23, 2018, Globenewswire.com published: “Valero Energy Reports 2018 Fourth Quarter and Full Year Results – GlobeNewswire” on January 31, 2019. More interesting news about Valero Energy Corporation (NYSE:VLO) were released by: Seekingalpha.com and their article: “Valero: Beware Of The Downside Risk – Seeking Alpha” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Valero Energy declares $0.90 dividend – Seeking Alpha” with publication date: January 24, 2019.

Since October 29, 2018, it had 2 buys, and 0 sales for $1.82 million activity. $1.82M worth of Valero Energy Corporation (NYSE:VLO) shares were bought by WEISENBURGER RANDALL J.

Investors sentiment increased to 0.89 in 2018 Q3. Its up 0.07, from 0.82 in 2018Q2. It increased, as 41 investors sold VLO shares while 353 reduced holdings. 96 funds opened positions while 256 raised stakes. 315.70 million shares or 1.71% less from 321.20 million shares in 2018Q2 were reported. Numerixs Inv Technology Incorporated reported 20,338 shares. Mutual Of Omaha Financial Bank Wealth owns 9,403 shares. Mengis Cap Management Inc has 2.08% invested in Valero Energy Corporation (NYSE:VLO). 158,645 are held by Fifth Third Fincl Bank. 8,728 were reported by Asset Mngmt. Advisor Partners Limited Com owns 15,132 shares. Greenleaf Tru invested 0.02% of its portfolio in Valero Energy Corporation (NYSE:VLO). Arcadia Investment Corporation Mi reported 1,000 shares or 0.03% of all its holdings. Meiji Yasuda Asset Mngmt reported 0.14% in Valero Energy Corporation (NYSE:VLO). Burke And Herbert Retail Bank And holds 0.4% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 4,183 shares. 9,586 are owned by Fulton National Bank Na. Oarsman owns 1,855 shares or 0.08% of their US portfolio. Evermay Wealth Mgmt Ltd Com owns 11,387 shares or 0.4% of their US portfolio. Wealthtrust holds 0.09% or 1,596 shares in its portfolio. Virginia Retirement Et Al reported 0.18% in Valero Energy Corporation (NYSE:VLO).

Cadence Bank Na, which manages about $263.13M US Long portfolio, decreased its stake in Procter & Gamble Co (NYSE:PG) by 37,207 shares to 154,229 shares, valued at $12.84 million in 2018Q3, according to the filing. It also reduced its holding in Tyson Foods Inc (NYSE:TSN) by 6,532 shares in the quarter, leaving it with 4,303 shares, and cut its stake in Exxon Mobil Corp (NYSE:XOM).

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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