Riverview Trust Co made a new $29,000 investment in Valero Energy Co . (NYSE:VLO)


Riverview Trust Co bought a new position in shares of Valero Energy Co. (NYSE:VLO – Get Rating ) in the first quarter, HoldingsChannel.com reports. The firm purchased 282 shares of the oil and gas company’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Peak Financial Advisors LLC raised its position in shares of Valero Energy by 57.4% in the fourth quarter. Peak Financial Advisors LLC now owns 7,167 shares of the oil and gas company’s stock valued at $538,000 after purchasing an additional 2,613 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Valero Energy by 12.9% in the fourth quarter. Pinnacle Associates Ltd. now owns 133,396 shares of the oil and gas company’s stock valued at $10,019,000 after purchasing an additional 15,225 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of Valero Energy by 24.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 171,748 shares of the oil and gas company’s stock valued at $12,945,000 after buying an additional 33,533 shares during the last quarter. CWM LLC acquired a new position in shares of Valero Energy during the fourth quarter valued at about $364,000. Finally, Signature Wealth Management Group raised its position in shares of Valero Energy by 7.0% in the first quarter. Signature Wealth Management Group now owns 51,194 shares of the oil and gas company’s stock valued at $5,198,000 after purchasing an additional 3,333 shares in the last quarter. 77.56% of the shares are owned by institutional investors and hedge funds.

In other news, COO R. Lane Riggs sold 17,767 shares of the stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $131.53, for a total transaction of $2,336,893.51. Following the sale, the chief operating officer now directly owns 254,905 shares of the company’s stock, valued at $33,527,654.65. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which is available on the SEC’s website. 0.04% of shares are owned by corporate insiders.

Shares of Valero Energy stock opened at $107.98 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.82, and a debt-to-equity ratio of 0.58. The stock has a market cap of $44.07 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.05 and a beta of 1.80. Valero Energy Co. has a 1-year low of $58.85 and a 1-year high of $146.80. The firm’s 50-day moving average is $122.67, and its 200-day moving average is $100.00.

Valero Energy (NYSE:VLO – Get Rating ) last issued its quarterly earnings data on Tuesday, April 26th. The oil and gas company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.70. The firm had revenue of $38.54 billion for the quarter, compared to analysts’ expectations of $32.23 billion. Valero Energy had a net margin of 1.93% and a return on equity of 13.69%. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.73) earnings per share. As a group, equities research analysts predict that Valero Energy Co. will post 17.18 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Thursday, May 12th were given a dividend of $0.98 per share. The ex-dividend date was Wednesday, May 11th. This represents a $3.92 annual dividend and a dividend yield of 3.63%. Valero Energy’s dividend payout ratio (DPR) is currently 63.33%.

A number of research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $136.00 to $166.00 and gave the company an “overweight” rating in a research report on Tuesday, June 14th. Redburn Partners lowered shares of Valero Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. BMO Capital Markets assumed coverage on shares of Valero Energy in a research note on Monday, June 13th. They issued a “market perform” rating and a $155.00 target price on the stock. Piper Sandler upped their target price on shares of Valero Energy from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Monday, May 23rd. Finally, Royal Bank of Canada upped their target price on shares of Valero Energy from $108.00 to $120.00 in a research note on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.46, based on data from MarketBeat.com.

About Valero Energy (Get Rating)

Valero Energy Corporation manufactures, markets and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland and internationally. The company operates in three segments: refining, renewable diesel and ethanol. It produces conventional, premium and reformulated gasolines; gasoline meeting California Air Resources Board (CARB) specifications; diesel fuels and diesel fuels with low and ultra-low sulfur content; CARB diesel; other distillates; jet fuels; mixed mixtures; and asphalts, petrochemicals, lubricants and other refined petroleum products, and sells lubricating oils and natural gas liquids.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)



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