Global Retirement Partners LLC Invests $2.81 Million in Valero Energy Corporation $VLO

Key Points

• Global Retirement Partners acquired 10,780 Valero Energy shares worth approximately $2.81 million during the second quarter. Institutional investors collectively own 78.69% of the company.
• Valero reported quarterly earnings of $12.54 per share, exceeding analyst estimates of $10.11, while revenue rose 48.8% year over year to $44.48 billion.
• Valero declared a quarterly dividend of $1.20 per share, equivalent to $4.80 annually and a 1.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $288.

Global Retirement Partners LLC bought a new position in shares of Valero Energy Corporation (NYSE:VLO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 10,780 shares of the oil and gas company's stock, valued at approximately $2,808,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its stake in Valero Energy by 3,400.0% during the first quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company's stock worth $26,000 after buying an additional 102 shares during the last quarter. Financial Life Planners bought a new position in Valero Energy in the 1st quarter valued at $28,000. Valued Wealth Advisors LLC increased its position in Valero Energy by 134.0% in the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company's stock worth $29,000 after purchasing an additional 67 shares during the period. Global Assets Advisory LLC acquired a new stake in shares of Valero Energy during the 1st quarter worth approximately $33,000. Finally, JPL Wealth Management LLC acquired a new stake in Valero Energy during the 3rd quarter worth $27,000. 78.69% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP Eric A. Fisher sold 7,500 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the transaction, the senior vice president directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by insiders.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $341.36 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market cap of $98.29 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 0.23 and a beta of 0.55. The stock's fifty day moving average price is $283.92 and its two-hundred day moving average price is $248.42. Valero Energy Corporation has a one year low of $135.01 and a one year high of $346.09.

Valero Energy (NYSE:VLO - Get Free Report) last posted 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. The company had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. Valero Energy had a return on equity of 26.74% and a net margin of 5.17%.The company's revenue was up 48.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.28 earnings per share. On average, equities analysts forecast that Valero Energy Corporation will post 40.62 EPS for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, July 31st will be issued a $1.20 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $4.80 dividend on an annualized basis and a yield of 1.4%. Valero Energy's payout ratio is currently 19.92%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VLO. Citigroup upped their price target on Valero Energy from $259.00 to $302.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. The Goldman Sachs Group increased their price target on Valero Energy from $286.00 to $357.00 and gave the company a "buy" rating in a research report on Wednesday, July 22nd. 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. Jefferies Financial Group set a $350.00 target price on shares of Valero Energy in a report on Monday, August 3rd. Finally, Morgan Stanley increased their price target on shares of Valero Energy from $232.00 to $255.00 and gave the company an "equal weight" rating in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Valero Energy has an average rating of "Moderate Buy" and a consensus price target of $288.00.

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.

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