Riverview Trust Co Takes $118,000 Position in Valero Energy Co. (NYSE:VLO)

Riverview Trust Co purchased a new stake in Valero Energy Co. (NYSE:VLO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 691 shares of the oil and gas company’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds also recently modified their holdings of VLO. Meiji Yasuda Asset Management Co Ltd. increased its stake in Valero Energy by 5.1% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,054 shares of the oil and gas company’s stock worth $1,708,000 after purchasing an additional 583 shares in the last quarter. Eagle Asset Management Inc. increased its stake in Valero Energy by 78.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 49,540 shares of the oil and gas company’s stock worth $7,020,000 after purchasing an additional 21,742 shares in the last quarter. Asset Dedication LLC increased its stake in Valero Energy by 18.7% during the 3rd quarter. Asset Dedication LLC now owns 617 shares of the oil and gas company’s stock worth $89,000 after purchasing an additional 97 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Valero Energy by 5.6% during the 3rd quarter. Parkside Financial Bank & Trust now owns 3,586 shares of the oil and gas company’s stock worth $508,000 after purchasing an additional 191 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in Valero Energy during the 3rd quarter worth approximately $99,000. 78.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Kimberly S. Greene sold 720 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $158.12, for a total value of $113,846.40. Following the transaction, the director now owns 13,314 shares in the company, valued at $2,105,209.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by company insiders.

Valero Energy Stock Up 2.0 %

VLO stock opened at $153.74 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.59 and a quick ratio of 1.10. The stock has a market capitalization of $50.27 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.45 and a beta of 1.47. The business’s fifty day moving average price is $157.94 and its two-hundred day moving average price is $149.80. Valero Energy Co. has a fifty-two week low of $111.14 and a fifty-two week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $3.82 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The company had revenue of $31.76 billion for the quarter, compared to analysts’ expectations of $32.02 billion. During the same quarter last year, the business earned $8.27 earnings per share. Valero Energy’s revenue was down 12.8% on a year-over-year basis. On average, equities analysts anticipate that Valero Energy Co. will post 17.32 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, May 30th will be given a $1.07 dividend. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, May 30th. Valero Energy’s payout ratio is currently 21.20%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on VLO. Citigroup upped their price target on Valero Energy from $160.00 to $192.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. StockNews.com downgraded Valero Energy from a “buy” rating to a “hold” rating in a report on Sunday. Mizuho cut their price objective on Valero Energy from $176.00 to $171.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Barclays cut their price objective on Valero Energy from $179.00 to $173.00 and set an “overweight” rating for the company in a report on Tuesday, April 30th. Finally, Scotiabank increased their price objective on Valero Energy from $138.00 to $165.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $172.00.

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.