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

Glenview Trust Co cut its holdings in shares of Valero Energy Co. (NYSE:VLOGet Rating) by 0.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of VLO. Allspring Global Investments Holdings LLC acquired a new stake in shares of Valero Energy during the 4th quarter worth approximately $196,728,000. Invesco Ltd. increased its holdings in Valero Energy by 20.1% in the third quarter. Invesco Ltd. now owns 6,299,649 shares of the oil and gas company’s stock valued at $444,565,000 after buying an additional 1,055,201 shares in the last quarter. Allianz Asset Management GmbH raised its position in shares of Valero Energy by 26.9% in the third quarter. Allianz Asset Management GmbH now owns 4,808,037 shares of the oil and gas company’s stock worth $339,303,000 after acquiring an additional 1,018,298 shares during the period. Boston Partners boosted its stake in shares of Valero Energy by 41.4% during the 4th quarter. Boston Partners now owns 2,507,229 shares of the oil and gas company’s stock worth $188,347,000 after acquiring an additional 734,466 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of Valero Energy by 437.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 681,541 shares of the oil and gas company’s stock valued at $48,096,000 after acquiring an additional 554,730 shares during the period. 77.56% of the stock is currently owned by institutional investors.

NYSE:VLO traded down $0.77 during trading hours 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 1 year low of $58.85 and a 1 year high of $129.27. The company has a current ratio of 1.18, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $102.35 and a 200 day moving average of $86.74. The company has a market cap of $48.83 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.69 and a beta of 1.78.

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

The firm 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 $0.98 dividend. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $3.92 annualized dividend and a yield of 3.28%. Valero Energy’s payout ratio is 63.33%.

Several analysts have commented on VLO shares. Royal Bank of Canada raised their price objective on Valero Energy from $108.00 to $120.00 in a report on Wednesday, April 27th. Barclays boosted their price target on shares of Valero Energy from $114.00 to $120.00 in a report on Wednesday, April 27th. Zacks Investment Research downgraded shares of Valero Energy from a “strong-buy” rating to a “hold” rating and set a $96.00 price objective on the stock. in a report on Wednesday, March 16th. Cowen boosted their target price on shares of Valero Energy from $106.00 to $116.00 in a research note on Wednesday, April 27th. Finally, StockNews.com assumed coverage on shares of Valero Energy in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. 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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