Glenview Trust Co Lowers Holdings in Valero Energy Co. (NYSE:VLO)

Glenview Trust Co lowered its stake in shares of Valero Energy Co. (NYSE:VLOGet Rating) by 0.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 55,529 shares of the oil and gas company’s stock after selling 315 shares during the period. Glenview Trust Co’s holdings in Valero Energy were worth $4,171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VLO. Amplius Wealth Advisors LLC purchased a new stake in Valero Energy during the fourth quarter worth $25,000. Moors & Cabot Inc. boosted its stake in shares of Valero Energy by 445.9% during the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 20,420 shares in the last quarter. Earnest Partners LLC grew its position in shares of Valero Energy by 76.3% during the 4th quarter. Earnest Partners LLC now owns 349 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 151 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Valero Energy in the 4th quarter valued at about $27,000. Finally, Allegheny Financial Group LTD acquired a new position in Valero Energy in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 77.56% of the company’s stock.

Shares of NYSE:VLO traded down $0.77 during midday trading on Thursday, hitting $119.65. The company had a trading volume of 83,014 shares, compared to its average volume of 4,662,329. Valero Energy Co. has a twelve month low of $58.85 and a twelve month high of $129.27. The stock has a market cap of $48.83 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.69 and a beta of 1.78. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.18 and a quick ratio of 0.82. The business’s 50-day simple moving average is $102.35 and its 200-day simple moving average is $86.74.

Valero Energy (NYSE:VLOGet Rating) last issued its earnings results on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.71. Valero Energy had a return on equity of 13.69% and a net margin of 1.93%. The company had revenue of $38.54 billion during the quarter, compared to analysts’ expectations of $32.23 billion. During the same period in the prior year, the business earned ($1.73) EPS. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, sell-side analysts forecast that Valero Energy Co. will post 12.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Thursday, May 12th will be given a dividend of $0.98 per share. This represents a $3.92 annualized dividend and a yield of 3.28%. The ex-dividend date is Wednesday, May 11th. Valero Energy’s payout ratio is currently 63.33%.

VLO has been the subject of a number of recent analyst reports. assumed coverage on Valero Energy in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Piper Sandler upped their price objective on shares of Valero Energy from $95.00 to $121.00 and gave the stock an “overweight” rating in a research report on Monday, April 18th. Barclays lifted their target price on shares of Valero Energy from $114.00 to $120.00 in a research report on Wednesday, April 27th. Raymond James upped their price target on shares of Valero Energy from $105.00 to $117.00 and gave the stock a “strong-buy” rating in a research report on Friday, April 8th. Finally, Citigroup lifted their price objective on Valero Energy from $94.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, April 26th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $114.21.

About Valero Energy (Get Rating)

Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.

See Also

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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