Valero Energy Corporation $VLO Holdings Decreased by Glenview Trust Co

Glenview Trust Co trimmed its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 3.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,494 shares of the oil and gas company’s stock after selling 1,918 shares during the period. Glenview Trust Co’s holdings in Valero Energy were worth $12,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Valero Energy in the 4th quarter valued at about $1,111,542,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Valero Energy in the third quarter worth approximately $275,239,000. Pacer Advisors Inc. boosted its holdings in shares of Valero Energy by 2,635.7% during the fourth quarter. Pacer Advisors Inc. now owns 950,527 shares of the oil and gas company’s stock worth $154,736,000 after purchasing an additional 915,782 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Valero Energy by 49.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,696,811 shares of the oil and gas company’s stock worth $276,224,000 after purchasing an additional 560,116 shares during the period. Finally, Franklin Resources Inc. grew its position in Valero Energy by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock valued at $922,728,000 after purchasing an additional 394,693 shares in the last quarter. 78.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Eric A. Fisher sold 7,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president directly owned 19,742 shares in the company, valued at approximately $5,294,212.14. This represents a 27.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of Valero Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, July 8th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 price target on shares of Valero Energy in a research note on Tuesday, April 21st. TD Cowen upped their price target on shares of Valero Energy from $276.00 to $292.00 and gave the stock a “hold” rating in a research note on Monday, June 29th. Finally, Zacks Research cut Valero Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average target price of $253.06.

Valero Energy Trading Up 1.3%

NYSE:VLO opened at $313.68 on Tuesday. The company has a market capitalization of $93.14 billion, a P/E ratio of 22.80, a P/E/G ratio of 0.37 and a beta of 0.55. The stock’s 50 day moving average price is $260.29 and its 200 day moving average price is $230.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. Valero Energy Corporation has a 52 week low of $130.78 and a 52 week high of $316.57.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.89 earnings per share. On average, research analysts forecast that Valero Energy Corporation will post 32.61 EPS for the current fiscal year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s 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.