Glenview Trust Co Has $12.23 Million Position in Valero Energy Corporation $VLO

Glenview Trust Co lowered its stake in shares of Valero Energy Corporation (NYSE:VLO) by 3.7% in the first quarter, Holdings Channel reports. 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 & Exchange Commission.

A number of other institutional investors also recently modified their holdings of VLO. Whipplewood Advisors LLC lifted its stake in shares of Valero Energy by 3,400.0% in the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock worth $26,000 after buying an additional 102 shares during the last quarter. Financial Life Planners acquired a new position in Valero Energy in the 1st quarter valued at $28,000. Valued Wealth Advisors LLC raised its holdings in Valero Energy by 134.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 67 shares during the period. Global Assets Advisory LLC bought a new position in Valero Energy in the 1st quarter worth $33,000. Finally, JPL Wealth Management LLC acquired a new position in Valero Energy during the 3rd quarter worth $27,000. Institutional investors own 78.69% of the company’s stock.

Insider Transactions at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president directly owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.36% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VLO has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 4th. Wells Fargo & Company boosted their price objective on Valero Energy from $220.00 to $292.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. TD Cowen raised their target price on Valero Energy from $276.00 to $292.00 and gave the company a “hold” rating in a report on Monday, June 29th. Finally, Mizuho lifted their price target on Valero Energy from $222.00 to $289.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. One 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $253.06.

Valero Energy Price Performance

Shares of Valero Energy stock opened at $313.68 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market cap of $93.14 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. The firm has a fifty day moving average price of $260.29 and a two-hundred day moving average price of $230.82. Valero Energy Corporation has a fifty-two week low of $130.78 and a fifty-two week high of $316.57.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.16 by $1.06. The company had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 EPS. Analysts expect that Valero Energy Corporation will post 32.61 EPS for the current year.

Valero Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.5%. Valero Energy’s dividend payout ratio (DPR) is 34.88%.

Valero Energy 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.