Montrusco Bolton Investments Inc. Has $231.32 Million Stake in Valero Energy Corporation $VLO

Montrusco Bolton Investments Inc. decreased its stake in Valero Energy Corporation (NYSE:VLO) by 15.0% in the first quarter, Holdings Channel.com reports. The firm owned 936,233 shares of the oil and gas company’s stock after selling 164,679 shares during the period. Valero Energy comprises about 3.5% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 10th biggest position. Montrusco Bolton Investments Inc.’s holdings in Valero Energy were worth $231,324,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of VLO. Beacon Investment Advisory Services Inc. lifted its stake in shares of Valero Energy by 33.5% during the 4th quarter. Beacon Investment Advisory Services Inc. now owns 42,376 shares of the oil and gas company’s stock worth $6,898,000 after acquiring an additional 10,634 shares during the last quarter. Friedenthal Financial bought a new position in Valero Energy in the 4th quarter valued at $954,000. CWA Asset Management Group LLC grew its position in Valero Energy by 359.0% in the 4th quarter. CWA Asset Management Group LLC now owns 14,243 shares of the oil and gas company’s stock valued at $2,319,000 after acquiring an additional 11,140 shares during the last quarter. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Valero Energy in the third quarter worth $3,249,000. Finally, Mirabella Financial Services LLP increased its stake in Valero Energy by 139.9% in the 3rd quarter. Mirabella Financial Services LLP now owns 18,701 shares of the oil and gas company’s stock worth $3,178,000 after buying an additional 10,905 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of VLO opened at $267.99 on Friday. Valero Energy Corporation has a twelve month low of $130.78 and a twelve month high of $274.92. The company has a market cap of $79.57 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 0.37 and a beta of 0.55. The company has a quick ratio of 1.15, a current ratio of 1.58 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $249.73 and a two-hundred day moving average of $220.63.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.16 by $1.06. The firm had revenue of $32.38 billion for the quarter, compared to the consensus estimate of $31.38 billion. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.89 earnings per share. As a group, analysts predict that Valero Energy Corporation will post 28.37 earnings per share for the current fiscal year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 21st. Valero Energy’s payout ratio is currently 34.88%.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the transaction, the senior vice president owned 19,742 shares of the company’s stock, valued at approximately $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Citigroup lifted their price objective on shares of Valero Energy from $246.00 to $259.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Wolfe Research reaffirmed an “underperform” rating and set a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Zacks Research downgraded shares of Valero Energy from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Wall Street Zen upgraded Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Finally, Piper Sandler increased their price objective on Valero Energy from $236.00 to $263.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and an average price target of $247.59.

Valero Energy 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.