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

Glenview Trust co grew its holdings in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,040 shares of the oil and gas company's stock after purchasing an additional 2,383 shares during the period. Glenview Trust co's holdings in Valero Energy were worth $6,380,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Providence Wealth Advisors LLC grew its position in Valero Energy by 0.9% during the third quarter. Providence Wealth Advisors LLC now owns 8,784 shares of the oil and gas company's stock worth $1,169,000 after buying an additional 75 shares in the last quarter. Segment Wealth Management LLC grew its holdings in shares of Valero Energy by 1.7% during the 4th quarter. Segment Wealth Management LLC now owns 4,947 shares of the oil and gas company's stock worth $606,000 after purchasing an additional 81 shares in the last quarter. Silver Coast Investments LLC increased its position in shares of Valero Energy by 1.7% in the fourth quarter. Silver Coast Investments LLC now owns 5,070 shares of the oil and gas company's stock worth $622,000 after purchasing an additional 83 shares during the period. Patrick M Sweeney & Associates Inc. raised its stake in Valero Energy by 2.0% in the fourth quarter. Patrick M Sweeney & Associates Inc. now owns 4,687 shares of the oil and gas company's stock valued at $575,000 after purchasing an additional 90 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in Valero Energy by 6.6% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,514 shares of the oil and gas company's stock worth $186,000 after purchasing an additional 94 shares during the period. 78.69% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research firms have commented on VLO. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 4th. Piper Sandler lowered their price objective on shares of Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research report on Friday, March 7th. Mizuho reduced their target price on Valero Energy from $165.00 to $158.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Finally, Wells Fargo & Company lowered 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. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $156.08.

Valero Energy Trading Up 0.9 %

Shares of Valero Energy stock traded up $1.16 on Thursday, hitting $135.00. The stock had a trading volume of 2,857,999 shares, compared to its average volume of 2,763,720. The stock has a 50 day moving average of $133.68 and a 200 day moving average of $133.58. The firm has a market capitalization of $42.52 billion, a P/E ratio of 15.92, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a twelve month low of $116.84 and a twelve month high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date of this dividend was Thursday, January 30th. Valero Energy's dividend payout ratio is presently 53.30%.

About Valero Energy

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.