Danish shipping company Maersk is looking at increasing its use of ethanol as a fuel, which could reduce its dependence on China and boost the industry's decarbonisation efforts, the Financial Times r... ...

Core Insights - Benjamin Edwards Inc. increased its stake in Valero Energy Corporation by 17.3% during Q3, owning 18,440 shares valued at $3,140,000 after acquiring an additional 2,721 shares [2] - Institutional investors and hedge funds own 78.69% of Valero Energy's stock, with several firms adjusting their positions in the company during the third quarter [3] Institutional Activity - Private Trust Co. NA raised its holdings by 2.0%, now owning 3,381 shares worth $576,000 after buying 65 additional shares [3] - Highline Wealth Partners LLC boosted its holdings by 70.2%, now owning 160 shares valued at $27,000 after purchasing 66 shares [3] - Salomon & Ludwin LLC increased its position by 17.0%, owning 476 shares worth $76,000 after acquiring 69 shares [3] - Sowell Financial Services LLC increased its stake by 0.6%, now owning 11,467 shares valued at $1,952,000 after purchasing 70 shares [3] Insider Activity - CFO Jason W. Fraser sold 9,933 shares at an average price of $174.02, totaling $1,728,540.66, resulting in a 6.89% decrease in his ownership [4] Analyst Ratings - Erste Group Bank initiated coverage with a "buy" rating [5] - Morgan Stanley downgraded from "overweight" to "equal weight" but raised the target price from $160.00 to $175.00 [5] - JPMorgan Chase & Co. increased the target price from $197.00 to $200.00 with an "overweight" rating [5] - Wells Fargo & Company raised the target price from $216.00 to $220.00, maintaining an "overweight" rating [5] - Jefferies Financial Group increased the target price from $181.00 to $194.00 with a "buy" rating [5] - The average rating is "Moderate Buy" with a consensus target price of $183.00 [5] Financial Performance - Valero Energy reported Q3 EPS of $3.66, exceeding the consensus estimate of $3.15 by $0.51 [7] - Revenue for the quarter was $32.17 billion, surpassing expectations of $28.80 billion, but down 2.2% year-over-year [7] - Analysts predict an EPS of 7.92 for the current fiscal year [7] Dividend Information - Valero Energy declared a quarterly dividend of $1.13, representing an annualized dividend of $4.52 and a yield of 2.4% [8] Company Overview - Valero Energy Corporation is an integrated downstream energy company based in San Antonio, Texas, focusing on refining crude oil into finished fuels and producing petrochemical feedstocks [9] - The company also has significant operations in renewable fuels, including ethanol and biofuels, and manages a logistics network for moving feedstocks and finished products [10]

Corn futures are holding near steady so far on Thursday with some contracts fractionally higher. The CmdtyView national averageCash Corn price is steady at $4.09. Export Sales data from this morning showed just 377,598 MT of corn sold in the week ending on January 1, shy of the 0.7-1.5 MMT estimates for 2025/26. That was a marketing year low and 15.1% below the same week last year. Sales for 2026/27 were tallied at 11,860 MT, between the 0-100,000 MT expectations. More News from Barchart Census data sh ...

Corn price action is showing fractionally mixed trade so far on Thursday morning. Futures were pushing higher into the Wednesday close, as contracts were 2 to 3 cents higher in the nearbys. Open interest was down just 848 contracts on Wednesday. The CmdtyView national average Cash Corn price was up 2 ½ cents at $4.08 3/4. EIA data from Wednesday showed ethanol production in the week ending on January 2 slowing 22,000 barrels per day wk/wk to 1.098 million bpd. Despite the reduction in output, stocks rose ...

Corn futures were pushing higher into the Wednesday close, as contracts were 2 to 3 cents higher in the nearbys. The CmdtyView national average Cash Corn price was up 2 ½ cents at $4.08 3/4. EIA data from this morning showed ethanol production in the week ending on January 2 slowing 22,000 barrels per day wk/wk to 1.098 million bpd. Despite the reduction in output, stocks rose 708,000 barrels to 22.652 million barrels. That came as exports were down 35,000 bpd to 113,000 bps, though refiner inputs of etha ...

Corn futures are trading with 2 to 3 cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price is up 2 3/4 cents at $4.09. EIA data from this morning showed ethanol production in the week ending on January 2 slowing 22,000 barrels per day wk/wk to 1.098 million bpd. Despite the reduction in output, stocks rose 708,000 barrels to 22.652 million barrels. That came as exports were down 35,000 bpd to 113,000 bps, though refiner inputs of ethanol were a bigger issue, droppin ...

The refining sector has had a strong start to the year, and Valero Energy (VLO) has been among the leaders in this space. The shares in Valero Energy climbed to new 52-week highs in early January after yet another quarter in which the company performed well in terms of refining margin and cash returns. Analysts are also re-evaluating the entire downstream petroleum industry in light of shifting geopolitics, which are holding back supplies of heavy crude oils. Venezuela’s oil industry has re-entered the s ...

Corn futures are trading with 1 to 2 cent gains so far on Wednesday. The CmdtyView national average Cash Corn price is down another ½ cent at $3.97 1/4. The market will be closed on Thursday for New Years Day, with a hard open at 8:30 am CST on Friday. USDA released their Export Sales report this morning, with a total of 2.2 MMT of corn sold in the week of December 18, exceeding traders looking for between 1-2 MMT. That was a 5-week high for sales and 28.7% above the same week last year. More News from ...

Corn price action us showing steady trade on Tuesday, with contracts within ½ cent of unchanged. Futures posted 7 to 8 cent losses on Monday, after seeing strength around last week holiday on thin trade. Preliminary open interest suggested new selling interest, up 11,894 contracts on the price drop. The CmdtyView national average Cash Corn price was down 6 ¾ cents at $3.99 ¾. Export Inspections data showed corn shipments at 1.301 MMT (51.2 mbu) shipped in the week that ended on Christmas day. That was a ...

Corn futures posted 7 to 8 cent losses on Monday, after seeing strength around last week holiday on thin trade. The CmdtyView national average Cash Corn price was down 6 ¾ cents at $3.99 ¾. Export Inspections data showed corn shipments at 1.301 MMT (51.2 mbu) shipped in the week that ended on Christmas day. That was a drop of 25.53% from the week prior, which is normal due to the holiday, but and up 43.37% from same week last year. Mexico was the top destination of 400,140 MT, with 221,240 MT to Colombia ...