Glenview Trust Co Has $8.37 Million Stock Position in Valero Energy Corporation $VLO

Glenview Trust Co lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,412 shares of the oil and gas company’s stock after selling 2,710 shares during the period. Glenview Trust Co’s holdings in Valero Energy were worth $8,369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Valero Energy in the 3rd quarter worth about $275,239,000. Pacer Advisors Inc. raised its holdings in shares of Valero Energy by 2,635.7% in the 4th quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock worth $154,736,000 after acquiring an additional 915,782 shares during the last quarter. Life Cycle Investment Partners Ltd acquired a new stake in shares of Valero Energy in the 4th quarter worth about $46,854,000. Franklin Resources Inc. raised its holdings in shares of Valero Energy by 5.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,273,517 shares of the oil and gas company’s stock worth $897,869,000 after acquiring an additional 249,195 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its holdings in shares of Valero Energy by 96.5% in the 3rd quarter. Voloridge Investment Management LLC now owns 444,919 shares of the oil and gas company’s stock worth $75,752,000 after acquiring an additional 218,448 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 400 shares of the company’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $238.60, for a total value of $95,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on VLO shares. BMO Capital Markets upped their target price on shares of Valero Energy from $230.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Valero Energy from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Morgan Stanley upped their target price on shares of Valero Energy from $182.00 to $222.00 and gave the stock an “equal weight” rating in a report on Friday, April 24th. UBS Group upped their target price on shares of Valero Energy from $215.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Wells Fargo & Company upped their target price on shares of Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $237.94.

Valero Energy Trading Up 0.0%

Shares of VLO stock opened at $247.08 on Monday. Valero Energy Corporation has a 52-week low of $125.10 and a 52-week high of $263.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The company has a 50-day simple moving average of $241.89 and a two-hundred day simple moving average of $204.77. The company has a market capitalization of $73.36 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 0.36 and a beta of 0.58.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same period in the prior year, the firm posted $0.89 EPS. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts anticipate that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.

Valero Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio is presently 34.88%.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.