Valero Energy Corporation $VLO Stake Raised by Global Retirement Partners LLC

Global Retirement Partners LLC grew its position in Valero Energy Corporation (NYSE:VLO) by 48.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,487 shares of the oil and gas company’s stock after purchasing an additional 3,428 shares during the period. Global Retirement Partners LLC’s holdings in Valero Energy were worth $1,707,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in Valero Energy in the 3rd quarter worth about $27,000. Torren Management LLC acquired a new position in Valero Energy in the 4th quarter worth about $30,000. Cypress Capital Management LLC WY acquired a new position in Valero Energy in the 3rd quarter worth about $34,000. Triumph Capital Management acquired a new position in Valero Energy in the 3rd quarter worth about $35,000. Finally, Physician Wealth Advisors Inc. increased its position in Valero Energy by 145.3% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 211 shares of the oil and gas company’s stock worth $36,000 after purchasing an additional 125 shares during the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Eric A. Fisher sold 400 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.36% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on VLO shares. Morgan Stanley upped their target price on Valero Energy from $182.00 to $222.00 and gave the stock an “equal weight” rating in a research report on Friday, April 24th. Wolfe Research reaffirmed an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Argus raised Valero Energy to a “hold” rating in a report on Monday, February 2nd. The Goldman Sachs Group increased their price objective on Valero Energy from $203.00 to $237.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Finally, Piper Sandler increased their price objective on Valero Energy from $236.00 to $263.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $237.94.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $247.08 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.15 and a current ratio of 1.58. The firm has a market cap of $73.36 billion, a price-to-earnings ratio of 17.96, a P/E/G ratio of 0.36 and a beta of 0.58. The business’s 50-day simple moving average is $241.89 and its 200-day simple moving average is $204.54. Valero Energy Corporation has a 52 week low of $125.10 and a 52 week high of $263.75.

Valero Energy (NYSE:VLO) last issued its quarterly earnings data on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. The business had revenue of $32.38 billion for the quarter, compared to analyst estimates of $31.38 billion. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, equities research analysts expect that Valero Energy Corporation will post 26.51 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be paid a dividend of $1.20 per share. The ex-dividend date is Thursday, May 21st. This represents a $4.80 annualized dividend and a yield of 1.9%. Valero Energy’s dividend payout ratio is presently 34.88%.

Valero Energy Company 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.