10,780 Shares in Valero Energy Corporation $VLO Bought by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new position in shares of Valero Energy Corporation (NYSE:VLO) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 10,780 shares of the oil and gas company’s stock, valued at approximately $2,808,000.

A number of other large investors have also recently bought and sold shares of VLO. Friedenthal Financial acquired a new stake in Valero Energy in the fourth quarter valued at about $954,000. Sierra Summit Advisors LLC raised its stake in Valero Energy by 2,325.2% during the fourth quarter. Sierra Summit Advisors LLC now owns 36,378 shares of the oil and gas company’s stock worth $5,922,000 after acquiring an additional 34,878 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in Valero Energy by 846.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 14,752 shares of the oil and gas company’s stock worth $2,401,000 after acquiring an additional 13,194 shares in the last quarter. North Dakota State Investment Board bought a new position in shares of Valero Energy in the fourth quarter worth about $1,743,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Valero Energy by 4.2% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 192,430 shares of the oil and gas company’s stock worth $47,546,000 after acquiring an additional 7,702 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on VLO. Morgan Stanley lifted their price target on shares of Valero Energy from $232.00 to $255.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Wells Fargo & Company increased their price objective on shares of Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 6th. Wolfe Research restated an “underperform” rating and issued a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Finally, UBS Group boosted their target price on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $288.00.

Insider Buying and Selling at Valero Energy

In other news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy 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 sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by corporate insiders.

Valero Energy Stock Down 0.1%

Shares of Valero Energy stock opened at $341.36 on Monday. The stock’s 50-day moving average is $283.92 and its 200 day moving average is $248.42. Valero Energy Corporation has a one year low of $135.01 and a one year high of $346.09. The firm has a market cap of $98.29 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, topping analysts’ consensus estimates of $10.11 by $2.43. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The business had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. Equities research analysts anticipate that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be given a dividend of $1.20 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 annualized dividend and a dividend yield of 1.4%. Valero Energy’s dividend payout ratio (DPR) is 19.92%.

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.