Valero Energy Corporation $VLO Holdings Raised by TD Asset Management Inc

TD Asset Management Inc increased its stake in Valero Energy Corporation (NYSE:VLO) by 27.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 195,842 shares of the oil and gas company’s stock after buying an additional 42,024 shares during the quarter. TD Asset Management Inc’s holdings in Valero Energy were worth $51,005,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Whipplewood Advisors LLC raised its holdings 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 purchasing an additional 102 shares in the last quarter. Financial Life Planners bought a new position in Valero Energy during the first quarter valued at about $28,000. Valued Wealth Advisors LLC grew its holdings in Valero Energy by 134.0% during the first quarter. Valued Wealth Advisors LLC now owns 117 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 67 shares during the period. Global Assets Advisory LLC bought a new stake in Valero Energy in the first quarter worth about $33,000. Finally, JPL Wealth Management LLC acquired a new stake in Valero Energy in the 3rd quarter valued at about $27,000. 78.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Valero Energy

In related news, SVP Eric A. Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total transaction of $2,011,275.00. Following the completion of the sale, the senior vice president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

VLO has been the topic of a number of research reports. Raymond James Financial boosted their target price on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a report on Monday, July 13th. Wells Fargo & Company upped their target price on Valero Energy from $292.00 to $356.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $329.00 price target on shares of Valero Energy in a research note on Thursday, July 23rd. Citigroup upped their price objective on shares of Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, UBS Group raised their target price on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two 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 issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $288.00.

Valero Energy Trading Down 0.5%

Shares of NYSE VLO opened at $341.36 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.23 and a debt-to-equity ratio of 0.37. Valero Energy Corporation has a one year low of $135.01 and a one year high of $346.09. The business has a 50-day moving average price of $283.92 and a two-hundred day moving average price of $247.97. The firm has a market capitalization of $98.29 billion, a PE ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55.

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

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, July 31st will be paid 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 dividend yield of 1.4%. Valero Energy’s dividend payout ratio is 19.92%.

About Valero Energy

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.