Valero Energy (VLO) Shareholder Bollard Group Lowered Its Holding; Mellanox Technologies LTD (MLNX) Shareholder Harber Asset Management Has Lowered Its Stake

November 14, 2017 - By Vivian Park

Bollard Group Llc decreased its stake in Valero Energy Corp (VLO) by 19.07% based on its latest 2017Q2 regulatory filing with the SEC. Bollard Group Llc sold 19,128 shares as the company’s stock declined 2.47% while stock markets rallied. The hedge fund held 81,179 shares of the integrated oil company at the end of 2017Q2, valued at $5.48M, down from 100,307 at the end of the previous reported quarter. Bollard Group Llc who had been investing in Valero Energy Corp for a number of months, seems to be less bullish one the $35.76 billion market cap company. The stock rose 0.36% or $0.29 reaching $80.96. About 551,641 shares traded. Valero Energy Corporation (NYSE:VLO) has risen 15.29% since November 14, 2016 and is uptrending. It has underperformed by 1.41% the S&P500.

Raymond J. Harbert decreased its stake in Mellanox Technologies Ltd (MLNX) by 13.22% based on its latest 2017Q2 regulatory filing with the SEC. Harber Asset Management Llc sold 11,368 shares as the company’s stock declined 3.98% while stock markets rallied. The hedge fund run by Raymond J. Harbert held 74,633 shares of the technology company at the end of 2017Q2, valued at $3.23 million, down from 86,001 at the end of the previous reported quarter. Harber Asset Management Llc who had been investing in Mellanox Technologies Ltd for a number of months, seems to be less bullish one the $2.48B market cap company. The stock declined 0.92% or $0.45 reaching $48.65 per share. About 40,731 shares traded. Mellanox Technologies, Ltd. (NASDAQ:MLNX) has risen 12.09% since November 14, 2016 and is uptrending. It has underperformed by 4.61% the S&P500.

Harber Asset Management Llc, which manages about $243.44 million US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 3,462 shares to 54,974 shares, valued at $7.27 million in 2017Q2, according to the filing. It also increased its holding in Mylan N V (NASDAQ:MYL) by 14,025 shares in the quarter, for a total of 95,391 shares, and has risen its stake in Dollar Gen Corp New (NYSE:DG).

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.16, from 1.09 in 2017Q1. It dived, as 20 investors sold MLNX shares while 53 reduced holdings. 31 funds opened positions while 37 raised stakes. 29.75 million shares or 9.85% less from 32.99 million shares in 2017Q1 were reported. Ubs Asset Mngmt Americas has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Stifel Corp owns 58,235 shares. Minnesota-based Us Bank & Trust De has invested 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Creative Planning holds 0% or 163 shares. Swiss Fincl Bank reported 73,821 shares. Lenox Wealth Mngmt Inc reported 100 shares. Savings Bank Of Montreal Can holds 0% in Mellanox Technologies, Ltd. (NASDAQ:MLNX) or 326 shares. Endurance Wealth Mgmt holds 0.38% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX) for 52,359 shares. Virginia Retirement System Et Al invested in 0.02% or 36,800 shares. Parametric Associate Limited Liability Corporation has invested 0.01% of its portfolio in Mellanox Technologies, Ltd. (NASDAQ:MLNX). Jane Street Grp Inc Ltd Liability Company invested in 116,053 shares. Symphony Asset Limited Liability Com owns 48,863 shares. 48,284 are held by Jpmorgan Chase &. Retail Bank Hapoalim Bm, a Israel-based fund reported 39,507 shares. Credit Suisse Ag owns 13,556 shares or 0% of their US portfolio.

Among 16 analysts covering Mellanox Tech (NASDAQ:MLNX), 8 have Buy rating, 2 Sell and 6 Hold. Therefore 50% are positive. Mellanox Tech had 37 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, December 8 by Piper Jaffray. Stifel Nicolaus maintained the shares of MLNX in report on Monday, September 25 with “Buy” rating. Topeka Capital Markets maintained it with “Hold” rating and $48 target in Thursday, October 22 report. The stock has “Buy” rating by DA Davidson on Thursday, September 24. The firm has “Underperform” rating by Jefferies given on Monday, November 21. Macquarie Research maintained Mellanox Technologies, Ltd. (NASDAQ:MLNX) rating on Thursday, March 24. Macquarie Research has “Outperform” rating and $70 target. Roth Capital maintained it with “Hold” rating and $5300 target in Monday, July 24 report. The stock has “Sell” rating by Barclays Capital on Monday, October 9. The firm has “Buy” rating by Brean Capital given on Monday, May 9. As per Thursday, October 26, the company rating was maintained by Barclays Capital.

Analysts await Mellanox Technologies, Ltd. (NASDAQ:MLNX) to report earnings on February, 7. They expect $0.35 EPS, down 28.57% or $0.14 from last year’s $0.49 per share. MLNX’s profit will be $17.84M for 34.75 P/E if the $0.35 EPS becomes a reality. After $0.35 actual EPS reported by Mellanox Technologies, Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More important recent Mellanox Technologies, Ltd. (NASDAQ:MLNX) news were published by: Businesswire.com which released: “Mellanox Propels NetApp to New Heights With 100Gb/s InfiniBand Connectivity” on November 14, 2017, also Businesswire.com published article titled: “Mellanox Interconnect Solutions Boost Qualcomm Arm-Based Data Center Platforms …”, Businesswire.com published: “Mellanox InfiniBand Solutions to Accelerate the World’s Next Fastest …” on November 13, 2017. More interesting news about Mellanox Technologies, Ltd. (NASDAQ:MLNX) was released by: Nasdaq.com and their article: “Mellanox Technologies Breaks Above 200-Day Moving Average – Bullish for MLNX” with publication date: October 30, 2017.

Bollard Group Llc, which manages about $2.78B and $1.85 billion US Long portfolio, upped its stake in Magellan Midstream Partners Lp (NYSE:MMP) by 5,003 shares to 427,909 shares, valued at $30.50M in 2017Q2, according to the filing. It also increased its holding in Buckeye Partners Lp (NYSE:BPL) by 5,183 shares in the quarter, for a total of 272,035 shares, and has risen its stake in Enterprise Products Partners L (NYSE:EPD).

Investors sentiment increased to 1.19 in Q2 2017. Its up 0.06, from 1.13 in 2017Q1. It is positive, as 50 investors sold VLO shares while 274 reduced holdings. 74 funds opened positions while 311 raised stakes. 345.06 million shares or 1.22% more from 340.91 million shares in 2017Q1 were reported. Wfg Lp reported 659 shares or 0.01% of all its holdings. Concert Wealth Management owns 3,705 shares. First Republic Inv stated it has 0.04% of its portfolio in Valero Energy Corporation (NYSE:VLO). Bancshares Of Mellon Corp owns 10.80 million shares. Vantage Advisors Limited Liability has invested 0.01% in Valero Energy Corporation (NYSE:VLO). Cibc Asset Management holds 0.02% or 42,906 shares in its portfolio. Cetera Advisor Ltd Liability holds 8,536 shares. Amalgamated Bankshares has 50,349 shares. 2.56M are held by Natl Bank Of Montreal Can. Cadence Cap Lc invested 0.82% in Valero Energy Corporation (NYSE:VLO). Shelton Capital Mngmt owns 0.02% invested in Valero Energy Corporation (NYSE:VLO) for 4,032 shares. Caisse De Depot Et Placement Du Quebec holds 0.06% of its portfolio in Valero Energy Corporation (NYSE:VLO) for 358,800 shares. Atwood And Palmer holds 0% in Valero Energy Corporation (NYSE:VLO) or 250 shares. Wright Inc has 7,675 shares for 0.2% of their portfolio. Investec Asset North America reported 1.92% in Valero Energy Corporation (NYSE:VLO).

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on January, 30. They expect $1.24 earnings per share, up 53.09% or $0.43 from last year’s $0.81 per share. VLO’s profit will be $547.71 million for 16.32 P/E if the $1.24 EPS becomes a reality. After $1.91 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -35.08% negative EPS growth.

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