Glenview Trust Co Sells 2,710 Shares of Valero Energy Corporation $VLO

Glenview Trust Co reduced its stake in shares of Valero Energy Corporation (NYSE:VLO) by 5.0% in the fourth quarter, Holdings Channel reports. The fund owned 51,412 shares of the oil and gas company’s stock after selling 2,710 shares during the quarter. Glenview Trust Co’s holdings in Valero Energy were worth $8,369,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Franklin Resources Inc. grew its position in shares of Valero Energy by 5.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,273,517 shares of the oil and gas company’s stock valued at $897,869,000 after acquiring an additional 249,195 shares during the period. Barclays PLC grew its position in shares of Valero Energy by 5.3% during the 3rd quarter. Barclays PLC now owns 4,143,672 shares of the oil and gas company’s stock valued at $705,502,000 after acquiring an additional 209,597 shares during the period. Legal & General Group Plc grew its position in shares of Valero Energy by 2.3% during the 3rd quarter. Legal & General Group Plc now owns 1,904,181 shares of the oil and gas company’s stock valued at $324,206,000 after acquiring an additional 43,237 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Valero Energy during the 3rd quarter valued at approximately $275,239,000. Finally, Raymond James Financial Inc. grew its position in shares of Valero Energy by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 1,007,335 shares of the oil and gas company’s stock valued at $171,509,000 after acquiring an additional 22,322 shares during the period. 78.69% of the stock is owned by institutional investors.

Valero Energy Stock Performance

Shares of VLO stock opened at $247.08 on Monday. The stock has a market capitalization of $73.36 billion, a P/E ratio of 17.96, a PEG ratio of 0.36 and a beta of 0.58. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $241.89 and its 200 day moving average is $204.77. Valero Energy Corporation has a 12 month low of $125.10 and a 12 month high of $263.75.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating 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 company had revenue of $32.38 billion for the quarter, compared to analysts’ expectations of $31.38 billion. During the same period in the prior year, the company posted $0.89 EPS. Valero Energy’s revenue was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Valero Energy Corporation will post 26.51 earnings per share for the current year.

Valero Energy Announces Dividend

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

Insider Buying and Selling

In other Valero Energy news, SVP Eric A. Fisher sold 8,311 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of $227.69, for a total value of $1,892,331.59. Following the completion of the transaction, the senior vice president directly owned 42,242 shares of the company’s stock, valued at $9,618,080.98. This trade represents a 16.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.36% of the stock is currently owned by insiders.

Analysts Set New Price Targets

VLO has been the subject of a number of research reports. TD Cowen increased their target price on shares of Valero Energy from $255.00 to $276.00 and gave the company a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group upped their price target on shares of Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Raymond James Financial upped their price target on shares of Valero Energy from $215.00 to $290.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Argus upgraded shares of Valero Energy to a “hold” rating in a research note on Monday, February 2nd. Finally, Morgan Stanley upped their price target on shares of Valero Energy from $182.00 to $222.00 and gave the company an “equal weight” rating in a research note on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $237.94.

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.