Global Retirement Partners LLC Sells 489 Shares of Valero Energy Co. (NYSE:VLO)

Global Retirement Partners LLC lowered its position in Valero Energy Co. (NYSE:VLO) by 8.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,052 shares of the oil and gas company’s stock after selling 489 shares during the period. Global Retirement Partners LLC’s holdings in Valero Energy were worth $682,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Valero Energy by 2.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 6,956,743 shares of the oil and gas company’s stock worth $1,090,532,000 after buying an additional 192,397 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Valero Energy by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,319,436 shares of the oil and gas company’s stock worth $677,007,000 after buying an additional 237,347 shares during the period. Pacer Advisors Inc. boosted its holdings in Valero Energy by 1.9% in the 2nd quarter. Pacer Advisors Inc. now owns 3,018,107 shares of the oil and gas company’s stock worth $473,118,000 after buying an additional 56,989 shares during the period. Legal & General Group Plc boosted its holdings in Valero Energy by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,809,355 shares of the oil and gas company’s stock worth $440,394,000 after buying an additional 82,539 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Valero Energy by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,063,923 shares of the oil and gas company’s stock worth $352,292,000 after buying an additional 65,632 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Up 0.3 %

Shares of NYSE VLO opened at $137.04 on Monday. The firm’s 50-day moving average price is $139.77 and its 200-day moving average price is $151.38. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $43.90 billion, a price-to-earnings ratio of 7.83, a P/E/G ratio of 3.53 and a beta of 1.39. Valero Energy Co. has a 12-month low of $119.88 and a 12-month high of $184.79.

Valero Energy (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $34.49 billion for the quarter, compared to analyst estimates of $32.97 billion. During the same period in the prior year, the company posted $5.40 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. On average, equities research analysts anticipate that Valero Energy Co. will post 9.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VLO shares. JPMorgan Chase & Co. dropped their target price on shares of Valero Energy from $172.00 to $151.00 and set an “overweight” rating for the company in a report on Wednesday, October 2nd. StockNews.com cut shares of Valero Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. BMO Capital Markets decreased their price target on shares of Valero Energy from $175.00 to $165.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Barclays decreased their price target on shares of Valero Energy from $165.00 to $146.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 2nd. Finally, Scotiabank decreased their price target on shares of Valero Energy from $173.00 to $141.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.60.

Valero Energy Company 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.