TD Waterhouse Canada Inc. Has $1.65 Million Stake in Valero Energy Corporation $VLO

TD Waterhouse Canada Inc. reduced its position in Valero Energy Corporation (NYSE:VLO) by 3.8% during the second quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hancock Whitney Corp increased its stake in Valero Energy by 8.9% in the 1st quarter. Hancock Whitney Corp now owns 46,474 shares of the oil and gas company’s stock valued at $6,138,000 after buying an additional 3,790 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in shares of Valero Energy in the 1st quarter worth approximately $766,000. FORA Capital LLC bought a new position in shares of Valero Energy in the first quarter valued at approximately $866,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Valero Energy by 11.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 560,495 shares of the oil and gas company’s stock valued at $74,025,000 after acquiring an additional 56,274 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. lifted its holdings in Valero Energy by 8.5% during the second quarter. Beacon Investment Advisory Services Inc. now owns 30,152 shares of the oil and gas company’s stock worth $4,053,000 after acquiring an additional 2,372 shares during the period. Institutional investors own 78.69% of the company’s stock.

Analyst Ratings Changes

VLO has been the subject of a number of recent analyst reports. Raymond James Financial restated a “strong-buy” rating and issued a $195.00 price objective (up previously from $181.00) on shares of Valero Energy in a research note on Friday, October 24th. TD Cowen increased their price target on shares of Valero Energy from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, October 24th. Wall Street Zen downgraded shares of Valero Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. Barclays boosted their target price on shares of Valero Energy from $169.00 to $184.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Finally, Evercore ISI raised their price target on shares of Valero Energy from $135.00 to $185.00 and gave the stock an “in-line” rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Valero Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.00.

Valero Energy Trading Up 1.5%

Shares of VLO stock opened at $173.46 on Friday. The stock has a market capitalization of $52.91 billion, a price-to-earnings ratio of 36.21, a PEG ratio of 1.77 and a beta of 1.01. The company’s fifty day simple moving average is $168.69 and its two-hundred day simple moving average is $149.49. Valero Energy Corporation has a 1 year low of $99.00 and a 1 year high of $185.62. 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 (NYSE:VLO) last announced its quarterly earnings results on Thursday, October 23rd. The oil and gas company reported $3.66 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.51. Valero Energy had a return on equity of 8.69% and a net margin of 1.21%.The company had revenue of $32.17 billion during the quarter, compared to analysts’ expectations of $28.80 billion. During the same period in the previous year, the business earned $1.14 earnings per share. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. As a group, analysts anticipate that Valero Energy Corporation will post 7.92 earnings per share for the current year.

Valero Energy Announces Dividend

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

About Valero Energy

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.