Global Retirement Partners LLC boosted its holdings in shares of Valero Energy Corporation (NYSE:VLO – Free Report) by 48.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,487 shares of the oil and gas company’s stock after purchasing an additional 3,428 shares during the quarter. Global Retirement Partners LLC’s holdings in Valero Energy were worth $1,707,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. KDT Advisors LLC boosted its stake in Valero Energy by 26.8% during the 4th quarter. KDT Advisors LLC now owns 1,942 shares of the oil and gas company’s stock valued at $316,000 after purchasing an additional 410 shares during the period. Financial Synergies Wealth Advisors Inc. bought a new stake in Valero Energy during the 4th quarter valued at approximately $548,000. Mach 1 Financial Group LLC bought a new stake in Valero Energy during the 4th quarter valued at approximately $238,000. Sierra Summit Advisors LLC lifted its position in shares of Valero Energy by 2,325.2% in the 4th 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 during the period. Finally, Leonteq Securities AG bought a new stake in shares of Valero Energy in the 4th quarter worth approximately $2,606,000. Institutional investors own 78.69% of the company’s stock.
Insiders Place Their Bets
In related news, SVP Eric A. Fisher sold 400 shares of the firm’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $238.60, for a total transaction of $95,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.36% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Check Out Our Latest Research Report on VLO
Valero Energy Price Performance
Valero Energy stock opened at $247.08 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.58 and a quick ratio of 1.15. The company has a market capitalization of $73.36 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 0.36 and a beta of 0.58. Valero Energy Corporation has a one year low of $125.10 and a one year high of $263.75. The business has a 50 day simple moving average of $241.89 and a 200 day simple moving average of $204.54.
Valero Energy (NYSE:VLO – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The oil and gas company reported $4.22 earnings per share for the quarter, beating analysts’ consensus estimates of $3.16 by $1.06. Valero Energy had a return on equity of 15.94% and a net margin of 3.37%.The firm had revenue of $32.38 billion during the quarter, compared to analysts’ expectations of $31.38 billion. During the same period last year, the firm posted $0.89 EPS. The business’s revenue was up 7.0% on a year-over-year basis. On average, sell-side analysts forecast that Valero Energy Corporation will post 26.51 EPS for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Thursday, May 21st will be issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy’s dividend payout ratio (DPR) is currently 34.88%.
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.
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