Valero Energy Corporation $VLO Holdings Lowered by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its stake in Valero Energy Corporation (NYSE:VLO) by 59.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,813 shares of the oil and gas company’s stock after selling 7,110 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Valero Energy were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GFG Capital LLC purchased a new stake in Valero Energy during the second quarter valued at about $27,000. Highline Wealth Partners LLC raised its holdings in shares of Valero Energy by 70.2% during the third quarter. Highline Wealth Partners LLC now owns 160 shares of the oil and gas company’s stock valued at $27,000 after acquiring an additional 66 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Valero Energy by 1,277.8% during the second quarter. Hantz Financial Services Inc. now owns 248 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 230 shares during the period. Global Wealth Strategies & Associates purchased a new stake in shares of Valero Energy in the 3rd quarter valued at approximately $34,000. Finally, Cypress Capital Management LLC WY acquired a new position in Valero Energy in the 3rd quarter worth approximately $34,000. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VLO shares. Jefferies Financial Group boosted their target price on shares of Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Bank of America reiterated a “neutral” rating and set a $195.00 price target (down previously from $198.00) on shares of Valero Energy in a report on Thursday, December 11th. TD Cowen increased their price objective on Valero Energy from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Piper Sandler raised their price objective on Valero Energy from $217.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Valero Energy from $197.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $183.53.

Insider Buying and Selling

In other news, CFO Jason W. Fraser sold 9,933 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of $174.02, for a total transaction of $1,728,540.66. Following the transaction, the chief financial officer owned 134,196 shares in the company, valued at $23,352,787.92. This represents a 6.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $180.07 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.60 and a quick ratio of 1.09. Valero Energy Corporation has a one year low of $99.00 and a one year high of $194.50. The business’s 50-day moving average price is $175.36 and its two-hundred day moving average price is $164.11. The company has a market capitalization of $54.92 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 0.99 and a beta of 0.77.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, January 29th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.55. The company had revenue of $30.37 billion during the quarter, compared to the consensus estimate of $28.20 billion. Valero Energy had a return on equity of 12.34% and a net margin of 1.91%.The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. Analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Thursday, February 5th will be paid a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 2.7%. This is a boost from Valero Energy’s previous quarterly dividend of $1.13. The ex-dividend date is Thursday, February 5th. Valero Energy’s dividend payout ratio is presently 59.16%.

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.