Glenview Trust co Buys 2,383 Shares of Valero Energy Co. (NYSE:VLO)

Glenview Trust co boosted its stake in Valero Energy Co. (NYSE:VLO) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,040 shares of the oil and gas company’s stock after acquiring an additional 2,383 shares during the period. Glenview Trust co’s holdings in Valero Energy were worth $6,380,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. one8zero8 LLC purchased a new position in Valero Energy in the fourth quarter valued at approximately $3,928,000. Frank Rimerman Advisors LLC lifted its position in shares of Valero Energy by 21.2% during the 4th quarter. Frank Rimerman Advisors LLC now owns 3,787 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 662 shares during the last quarter. Buckley Wealth Management LLC grew its stake in shares of Valero Energy by 14.4% during the 4th quarter. Buckley Wealth Management LLC now owns 8,275 shares of the oil and gas company’s stock worth $1,014,000 after acquiring an additional 1,040 shares during the period. United Capital Management of KS Inc. increased its holdings in Valero Energy by 3.7% in the 4th quarter. United Capital Management of KS Inc. now owns 75,721 shares of the oil and gas company’s stock worth $9,283,000 after acquiring an additional 2,679 shares during the last quarter. Finally, Sienna Gestion raised its stake in Valero Energy by 55.0% in the 4th quarter. Sienna Gestion now owns 69,530 shares of the oil and gas company’s stock valued at $8,522,000 after acquiring an additional 24,673 shares during the period. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Valero Energy Stock Up 2.7 %

Shares of NYSE VLO opened at $129.20 on Friday. The business has a 50-day moving average of $133.12 and a 200-day moving average of $133.79. The firm has a market capitalization of $40.70 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 2.93 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79.

Valero Energy (NYSE:VLO) last released its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Sell-side analysts expect that Valero Energy Co. will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were given a dividend of $1.13 per share. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $4.52 dividend on an annualized basis and a yield of 3.50%. Valero Energy’s dividend payout ratio (DPR) is presently 53.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VLO shares. Mizuho cut their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price target on Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. Finally, Piper Sandler decreased their price objective on Valero Energy from $149.00 to $144.00 and set an “overweight” rating on the stock in a research note on Friday, March 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.08.

Valero Energy Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.