Todd Asset Management LLC Takes Position in Valero Energy Corporation $VLO

Todd Asset Management LLC bought a new stake in shares of Valero Energy Corporation (NYSE:VLO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 93,275 shares of the oil and gas company’s stock, valued at approximately $24,293,000.

Several other institutional investors have also bought and sold shares of the stock. Whipplewood Advisors LLC raised its position in Valero Energy by 3,400.0% in the 1st quarter. Whipplewood Advisors LLC now owns 105 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 102 shares during the last quarter. Financial Life Planners purchased a new position in Valero Energy during the 1st quarter worth $28,000. Valued Wealth Advisors LLC boosted its holdings in Valero Energy by 134.0% during the 1st 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 last quarter. Global Assets Advisory LLC bought a new stake in shares of Valero Energy in the 1st quarter worth $33,000. Finally, JPL Wealth Management LLC bought a new stake in shares of Valero Energy in the 3rd quarter worth $27,000. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Down 0.5%

VLO opened at $341.36 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.64 and a debt-to-equity ratio of 0.37. The stock has a market cap of $98.29 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 0.23 and a beta of 0.55. Valero Energy Corporation has a twelve month low of $135.01 and a twelve month high of $346.09. The company’s 50-day moving average price is $283.92 and its two-hundred day moving average price is $247.97.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 earnings per share for the quarter, beating 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 firm had revenue of $44.48 billion during the quarter, compared to the consensus estimate of $39.47 billion. During the same period in the prior year, the firm earned $2.28 EPS. The company’s revenue was up 48.8% compared to the same quarter last year. As a group, equities analysts expect that Valero Energy Corporation will post 40.62 earnings per share for the current year.

Valero Energy Announces Dividend

The company 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 dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, July 31st. Valero Energy’s dividend payout ratio is 19.92%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on VLO shares. Jefferies Financial Group set a $350.00 price target on shares of Valero Energy in a research report on Monday, August 3rd. UBS Group upped their price objective on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Scotiabank increased their price objective on shares of Valero Energy from $178.00 to $226.00 and gave the company a “sector outperform” rating in a research note on Wednesday, April 22nd. Raymond James Financial lifted their target price on shares of Valero Energy from $300.00 to $340.00 and gave the stock a “strong-buy” rating in a research report on Monday, July 13th. Finally, TD Cowen boosted their target price on Valero Energy from $338.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.00.

Insider Transactions at Valero Energy

In other Valero Energy news, SVP Eric A. Fisher sold 7,500 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president directly owned 19,742 shares of the company’s stock, valued at $5,294,212.14. This trade represents a 27.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.36% of the stock is owned by corporate insiders.

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.