TD Waterhouse Canada Inc. Sells 475 Shares of Valero Energy Corporation $VLO

TD Waterhouse Canada Inc. cut its holdings in Valero Energy Corporation (NYSE:VLO) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,923 shares of the oil and gas company’s stock after selling 475 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Valero Energy were worth $1,645,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Valero Energy during the first quarter worth $846,000. Pinnacle Associates Ltd. boosted its holdings in shares of Valero Energy by 2.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 88,344 shares of the oil and gas company’s stock valued at $11,668,000 after acquiring an additional 2,486 shares in the last quarter. Carnegie Investment Counsel grew its position in Valero Energy by 17.9% during the 1st quarter. Carnegie Investment Counsel now owns 4,600 shares of the oil and gas company’s stock worth $608,000 after acquiring an additional 700 shares during the last quarter. Lifeworks Advisors LLC increased its holdings in Valero Energy by 4.8% in the 1st quarter. Lifeworks Advisors LLC now owns 3,322 shares of the oil and gas company’s stock worth $439,000 after purchasing an additional 151 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its position in Valero Energy by 11.6% in the first quarter. Avantax Advisory Services Inc. now owns 55,499 shares of the oil and gas company’s stock valued at $7,330,000 after purchasing an additional 5,753 shares during the last quarter. Institutional investors and hedge funds own 78.69% of the company’s stock.

Analyst Upgrades and Downgrades

VLO has been the subject of several recent research reports. Jefferies Financial Group upped their price objective on Valero Energy from $181.00 to $194.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Valero Energy in a research report on Wednesday, October 8th. Piper Sandler lifted their price target on shares of Valero Energy from $201.00 to $223.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Wells Fargo & Company boosted their price objective on shares of Valero Energy from $216.00 to $220.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. Finally, Morgan Stanley lowered Valero Energy from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $160.00 to $175.00 in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.00.

Valero Energy Price Performance

Shares of VLO opened at $173.46 on Friday. Valero Energy Corporation has a 52-week low of $99.00 and a 52-week high of $185.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.60. The business’s 50 day moving average price is $168.69 and its two-hundred day moving average price is $149.49. The firm has a market cap of $52.91 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01.

Valero Energy (NYSE:VLO) last announced its quarterly earnings data on Thursday, October 23rd. The oil and gas company reported $3.66 EPS for the quarter, topping the consensus estimate of $3.15 by $0.51. The company had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $28.80 billion. Valero Energy had a net margin of 1.21% and a return on equity of 8.69%. The company’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, equities analysts anticipate that Valero Energy Corporation will post 7.92 EPS for the current year.

Valero Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, November 20th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, November 20th. Valero Energy’s payout ratio is 94.36%.

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.