TD Private Client Wealth LLC Raises Holdings in Valero Energy Corporation $VLO

TD Private Client Wealth LLC lifted its stake in Valero Energy Corporation (NYSE:VLO) by 18.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,293 shares of the oil and gas company’s stock after buying an additional 353 shares during the quarter. TD Private Client Wealth LLC’s holdings in Valero Energy were worth $308,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hoey Investments Inc. purchased a new stake in shares of Valero Energy in the second quarter worth about $26,000. Wayfinding Financial LLC purchased a new position in Valero Energy during the first quarter worth approximately $26,000. Hazlett Burt & Watson Inc. boosted its position in Valero Energy by 156.6% during the first quarter. Hazlett Burt & Watson Inc. now owns 213 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 130 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Valero Energy during the first quarter worth approximately $43,000. Finally, Iron Horse Wealth Management LLC purchased a new position in Valero Energy during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

NYSE:VLO opened at $175.72 on Monday. Valero Energy Corporation has a one year low of $99.00 and a one year high of $178.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.62. The stock has a market cap of $54.59 billion, a PE ratio of 73.22, a P/E/G ratio of 1.85 and a beta of 1.10. The stock has a 50 day moving average price of $148.97 and a 200 day moving average price of $135.75.

Valero Energy (NYSE:VLO) last posted its quarterly earnings results on Thursday, July 24th. The oil and gas company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.66 by $0.62. Valero Energy had a return on equity of 5.76% and a net margin of 0.62%.The firm had revenue of $29.89 billion during the quarter, compared to analysts’ expectations of $27 billion. During the same quarter last year, the firm earned $2.71 earnings per share. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. Equities research analysts expect that Valero Energy Corporation will post 7.92 EPS for the current fiscal year.

Valero Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Thursday, July 31st were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, July 31st. Valero Energy’s dividend payout ratio (DPR) is currently 188.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James Financial increased their price target on Valero Energy from $170.00 to $177.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 9th. Mizuho increased their price target on Valero Energy from $166.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Citigroup downgraded Valero Energy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $134.00 to $150.00 in a research report on Wednesday, July 16th. Morgan Stanley increased their price target on Valero Energy from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, TD Cowen downgraded Valero Energy from a “buy” rating to a “hold” rating and increased their price target for the stock from $118.00 to $140.00 in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.00.

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.