Beech Hill Advisors Lowered Valero Energy New (VLO) Stake by $2.51 Million; Ctc Trimmed Its Tesla (TSLA) Holding by $11.95 Million as Stock Price Declined

April 17, 2018 - By Kurt Siggers

Tesla, Inc. (NASDAQ:TSLA) Logo

Ctc Llc decreased its stake in Tesla Inc (TSLA) by 53.79% based on its latest 2017Q4 regulatory filing with the SEC. Ctc Llc sold 38,414 shares as the company’s stock declined 14.15% with the market. The institutional investor held 33,002 shares of the capital goods company at the end of 2017Q4, valued at $10.28M, down from 71,416 at the end of the previous reported quarter. Ctc Llc who had been investing in Tesla Inc for a number of months, seems to be less bullish one the $48.88 billion market cap company. The stock decreased 0.62% or $1.8194 during the last trading session, reaching $289.3906. About 4.77M shares traded. Tesla, Inc. (NASDAQ:TSLA) has risen 3.32% since April 17, 2017 and is uptrending. It has underperformed by 8.23% the S&P500.

Beech Hill Advisors Inc decreased its stake in Valero Energy Corp New (VLO) by 37.13% based on its latest 2017Q4 regulatory filing with the SEC. Beech Hill Advisors Inc sold 27,625 shares as the company’s stock rose 1.25% while stock markets declined. The institutional investor held 46,775 shares of the integrated oil company at the end of 2017Q4, valued at $4.30 million, down from 74,400 at the end of the previous reported quarter. Beech Hill Advisors Inc who had been investing in Valero Energy Corp New for a number of months, seems to be less bullish one the $45.59 billion market cap company. The stock increased 0.29% or $0.31 during the last trading session, reaching $105.8. About 1.78 million shares traded. Valero Energy Corporation (NYSE:VLO) has risen 39.32% since April 17, 2017 and is uptrending. It has outperformed by 27.77% the S&P500.

Analysts await Valero Energy Corporation (NYSE:VLO) to report earnings on April, 26 before the open. They expect $0.96 earnings per share, up 41.18% or $0.28 from last year’s $0.68 per share. VLO’s profit will be $413.69M for 27.55 P/E if the $0.96 EPS becomes a reality. After $1.16 actual earnings per share reported by Valero Energy Corporation for the previous quarter, Wall Street now forecasts -17.24% negative EPS growth.

Beech Hill Advisors Inc, which manages about $252.81 million and $202.52M US Long portfolio, upped its stake in Celgene Corp (NASDAQ:CELG) by 24,005 shares to 27,344 shares, valued at $2.85M in 2017Q4, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 8,250 shares in the quarter, for a total of 129,570 shares, and has risen its stake in International Business Machs (NYSE:IBM).

Investors sentiment decreased to 0.98 in 2017 Q4. Its down 0.02, from 1 in 2017Q3. It turned negative, as 51 investors sold VLO shares while 327 reduced holdings. 108 funds opened positions while 261 raised stakes. 331.76 million shares or 3.27% less from 342.98 million shares in 2017Q3 were reported. Auxier Asset Mgmt reported 1.18% in Valero Energy Corporation (NYSE:VLO). Viking Fund Management Ltd Liability Com reported 75,000 shares. Perigon Wealth Management Limited Liability Company owns 300 shares for 0.01% of their portfolio. Natixis holds 0.01% or 10,698 shares. First National reported 66,378 shares. Mitchell Mcleod Pugh Williams has invested 0.37% in Valero Energy Corporation (NYSE:VLO). Engineers Gate Manager Lp has 0.24% invested in Valero Energy Corporation (NYSE:VLO). 4,310 were reported by American Natl Registered Inv Advisor Incorporated. Moreover, Private Advisor Grp Ltd Limited Liability Company has 0.05% invested in Valero Energy Corporation (NYSE:VLO) for 11,613 shares. Mutual Of America Ltd Liability Company invested in 0.08% or 55,460 shares. Matarin Capital Mgmt Ltd Liability Corp holds 0.4% or 55,772 shares. Mirae Asset Global Invests Company Limited invested in 36,017 shares. 130 were accumulated by Endurance Wealth Management. Tudor Invest Corp Et Al stated it has 40,186 shares or 0.09% of all its holdings. Tarbox Family Office has 107 shares for 0% of their portfolio.

Since December 13, 2017, it had 0 buys, and 2 sales for $23.55 million activity. CISKOWSKI MICHAEL S sold 251,530 shares worth $23.46M.

Among 22 analysts covering Valero Energy Corporation (NYSE:VLO), 9 have Buy rating, 0 Sell and 13 Hold. Therefore 41% are positive. Valero Energy Corporation had 78 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies downgraded Valero Energy Corporation (NYSE:VLO) on Thursday, January 12 to “Hold” rating. The firm has “Hold” rating by Jefferies given on Monday, October 16. The firm earned “Accumulate” rating on Friday, June 30 by Standpoint Research. The rating was maintained by RBC Capital Markets on Wednesday, October 18 with “Buy”. The firm has “Outperform” rating given on Tuesday, January 26 by Credit Suisse. The firm earned “Hold” rating on Wednesday, April 11 by Scotia Capital. RBC Capital Markets maintained it with “Buy” rating and $102.0 target in Wednesday, December 20 report. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, April 16. As per Saturday, September 5, the company rating was maintained by Oppenheimer. The firm earned “Buy” rating on Thursday, February 1 by Cowen & Co.

Among 36 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 12 have Buy rating, 9 Sell and 15 Hold. Therefore 33% are positive. Tesla Motors Inc had 140 analyst reports since July 21, 2015 according to SRatingsIntel. J.P. Morgan maintained the shares of TSLA in report on Thursday, November 2 with “Sell” rating. The stock of Tesla, Inc. (NASDAQ:TSLA) earned “Buy” rating by Guggenheim on Wednesday, October 4. On Wednesday, November 4 the stock rating was maintained by Evercore with “Buy”. The rating was maintained by Goldman Sachs on Monday, March 19 with “Sell”. The stock has “Hold” rating by Standpoint Research on Friday, June 24. On Friday, April 6 the stock rating was maintained by Guggenheim with “Buy”. The firm has “Hold” rating given on Monday, April 16 by RBC Capital Markets. Guggenheim maintained Tesla, Inc. (NASDAQ:TSLA) on Thursday, January 4 with “Buy” rating. The rating was maintained by Morgan Stanley on Tuesday, September 22 with “Overweight”. The firm has “Buy” rating by Vetr given on Monday, August 24.

Analysts await Tesla, Inc. (NASDAQ:TSLA) to report earnings on May, 2. They expect $-4.45 earnings per share, down 125.89% or $2.48 from last year’s $-1.97 per share. After $-3.84 actual earnings per share reported by Tesla, Inc. for the previous quarter, Wall Street now forecasts 15.89% negative EPS growth.

Since October 24, 2017, it had 0 buys, and 10 insider sales for $4.46 million activity. Another trade for 1,736 shares valued at $589,355 was made by Branderiz Eric on Tuesday, October 24. Musk Kimbal sold 1,875 shares worth $562,500.

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