Toronto Dominion Bank Sells 5,990 Shares of Valero Energy Co. (NYSE:VLO)

Toronto Dominion Bank reduced its stake in Valero Energy Co. (NYSE:VLO) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,374 shares of the oil and gas company’s stock after selling 5,990 shares during the period. Toronto Dominion Bank’s holdings in Valero Energy were worth $15,735,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VLO. Collective Family Office LLC boosted its holdings in Valero Energy by 1.5% during the first quarter. Collective Family Office LLC now owns 4,040 shares of the oil and gas company’s stock worth $690,000 after buying an additional 58 shares during the last quarter. Versant Capital Management Inc boosted its stake in Valero Energy by 4.7% during the 1st quarter. Versant Capital Management Inc now owns 1,327 shares of the oil and gas company’s stock worth $227,000 after acquiring an additional 59 shares during the last quarter. International Private Wealth Advisors LLC grew its holdings in Valero Energy by 3.4% during the second quarter. International Private Wealth Advisors LLC now owns 1,970 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 65 shares during the period. Aua Capital Management LLC increased its stake in Valero Energy by 3.1% in the first quarter. Aua Capital Management LLC now owns 2,261 shares of the oil and gas company’s stock valued at $386,000 after purchasing an additional 67 shares in the last quarter. Finally, OmniStar Financial Group Inc. raised its holdings in Valero Energy by 1.6% in the second quarter. OmniStar Financial Group Inc. now owns 4,543 shares of the oil and gas company’s stock worth $712,000 after purchasing an additional 70 shares during the period. 78.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on VLO shares. 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 note on Monday, September 16th. Mizuho cut their price objective on Valero Energy from $175.00 to $171.00 and set an “outperform” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on Valero Energy from $178.00 to $172.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Piper Sandler lowered shares of Valero Energy from an “overweight” rating to a “neutral” rating and cut their price target for the company from $169.00 to $123.00 in a research note on Friday, September 20th. Finally, Barclays dropped their price objective on shares of Valero Energy from $171.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $168.07.

Valero Energy Stock Up 2.9 %

VLO opened at $136.62 on Friday. The stock’s fifty day simple moving average is $144.48 and its 200 day simple moving average is $154.84. Valero Energy Co. has a 1-year low of $119.88 and a 1-year high of $184.79. The stock has a market cap of $43.77 billion, a PE ratio of 6.77, a price-to-earnings-growth ratio of 3.08 and a beta of 1.40. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $34.49 billion during the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter last year, the company posted $5.40 EPS. Valero Energy’s quarterly revenue was down .1% compared to the same quarter last year. As a group, research analysts expect that Valero Energy Co. will post 10.77 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Thursday, August 1st were issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Thursday, August 1st. Valero Energy’s dividend payout ratio is presently 21.20%.

Valero Energy Company 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.