Global Retirement Partners LLC Buys 645 Shares of Valero Energy Co. (NYSE:VLO)

Global Retirement Partners LLC raised its stake in Valero Energy Co. (NYSE:VLO) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,697 shares of the oil and gas company’s stock after acquiring an additional 645 shares during the period. Global Retirement Partners LLC’s holdings in Valero Energy were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VLO. Wellington Management Group LLP increased its holdings in Valero Energy by 4,908.0% in the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company’s stock valued at $384,907,000 after acquiring an additional 2,793,607 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Valero Energy by 11,318.9% in the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company’s stock valued at $145,339,000 after acquiring an additional 1,066,923 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Valero Energy by 900.2% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company’s stock valued at $85,217,000 after acquiring an additional 568,000 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Valero Energy by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company’s stock valued at $484,105,000 after acquiring an additional 567,059 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC bought a new stake in Valero Energy in the 3rd quarter valued at $70,352,000. 78.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VLO has been the topic of a number of research reports. Barclays reduced their target price on shares of Valero Energy from $146.00 to $140.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Mizuho reduced their target price on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company reduced their target price on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Piper Sandler upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, January 10th. Finally, Tudor Pickering upgraded shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Valero Energy presently has an average rating of “Moderate Buy” and a consensus target price of $154.46.

Valero Energy Price Performance

VLO stock opened at $134.67 on Friday. Valero Energy Co. has a 12 month low of $116.84 and a 12 month high of $184.79. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $131.06 and a 200 day moving average price of $135.78. The stock has a market cap of $42.63 billion, a PE ratio of 15.88, a P/E/G ratio of 2.93 and a beta of 1.42.

Valero Energy (NYSE:VLO) last released its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. Equities research analysts anticipate that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, January 30th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 3.36%. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, January 30th. Valero Energy’s payout ratio is 53.30%.

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.