Toronto Dominion Bank Increases Stock Position in Valero Energy Co. (NYSE:VLO)

Toronto Dominion Bank lifted its holdings in Valero Energy Co. (NYSE:VLO) by 7.8% during the third quarter, Holdings Channel reports. The institutional investor owned 108,173 shares of the oil and gas company’s stock after acquiring an additional 7,799 shares during the quarter. Toronto Dominion Bank’s holdings in Valero Energy were worth $14,607,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VLO. ORG Partners LLC purchased a new stake in shares of Valero Energy in the second quarter worth $87,000. Envestnet Portfolio Solutions Inc. increased its stake in Valero Energy by 3.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 19,449 shares of the oil and gas company’s stock valued at $3,049,000 after purchasing an additional 732 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Valero Energy in the second quarter worth about $39,000. Miracle Mile Advisors LLC lifted its stake in shares of Valero Energy by 3.5% in the second quarter. Miracle Mile Advisors LLC now owns 2,440 shares of the oil and gas company’s stock worth $382,000 after buying an additional 82 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Valero Energy by 130.9% during the second quarter. Blue Trust Inc. now owns 1,136 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 644 shares during the last quarter. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Down 0.4 %

NYSE VLO opened at $129.14 on Friday. The stock’s 50-day moving average price is $136.27 and its 200-day moving average price is $143.42. The company has a market capitalization of $40.88 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 2.44 and a beta of 1.39. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52 week low of $124.02 and a 52 week high of $184.79.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.16. The business had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $7.49 earnings per share. On average, equities research analysts predict that Valero Energy Co. will post 8.87 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a $1.07 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $4.28 annualized dividend and a dividend yield of 3.31%. Valero Energy’s payout ratio is 38.39%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VLO. TD Cowen lowered their price objective on Valero Energy from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. The Goldman Sachs Group dropped their price objective on Valero Energy from $149.00 to $131.00 and set a “sell” rating on the stock in a research report on Monday, September 16th. Mizuho decreased their target price on Valero Energy from $175.00 to $171.00 and set an “outperform” rating for the company in a research report on Monday, September 16th. Bank of America started coverage on shares of Valero Energy in a report on Thursday, October 17th. They set a “neutral” rating and a $150.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.50.

Valero Energy 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.