TD Waterhouse Canada Inc. Has $6.62 Million Holdings in Valero Energy Corporation $VLO

TD Waterhouse Canada Inc. cut its holdings in shares of Valero Energy Corporation (NYSE:VLO) by 47.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,571 shares of the oil and gas company’s stock after selling 22,516 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Valero Energy were worth $6,620,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. State Street Corp boosted its stake in Valero Energy by 0.9% during the fourth quarter. State Street Corp now owns 18,177,191 shares of the oil and gas company’s stock worth $2,959,065,000 after buying an additional 163,975 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Valero Energy by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,950,982 shares of the oil and gas company’s stock valued at $1,945,500,000 after purchasing an additional 63,919 shares in the last quarter. Norges Bank bought a new stake in shares of Valero Energy during the fourth quarter worth $1,111,542,000. Franklin Resources Inc. raised its holdings in Valero Energy by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 5,668,210 shares of the oil and gas company’s stock worth $922,728,000 after purchasing an additional 394,693 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Valero Energy by 11.4% in the first quarter. Bank of America Corp DE now owns 5,033,310 shares of the oil and gas company’s stock valued at $1,243,630,000 after buying an additional 516,975 shares during the period. Institutional investors own 78.69% of the company’s stock.

Valero Energy Stock Performance

Shares of NYSE VLO opened at $370.94 on Monday. The stock’s fifty day moving average price is $315.25 and its two-hundred day moving average price is $265.31. Valero Energy Corporation has a one year low of $153.20 and a one year high of $375.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.23. The firm has a market cap of $106.80 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 0.42 and a beta of 0.57.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 30th. The oil and gas company reported $12.54 EPS for the quarter, beating the consensus estimate of $10.11 by $2.43. The company had revenue of $44.48 billion during the quarter, compared to analysts’ expectations of $39.47 billion. Valero Energy had a net margin of 5.17% and a return on equity of 26.74%. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 EPS. On average, equities analysts forecast that Valero Energy Corporation will post 41.15 EPS for the current year.

Valero Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, July 31st were issued a dividend of $1.20 per share. The ex-dividend date was Friday, July 31st. This represents a $4.80 annualized dividend and a yield of 1.3%. Valero Energy’s dividend payout ratio (DPR) is presently 19.92%.

Insiders Place Their Bets

In other news, SVP Eric Fisher sold 7,500 shares of Valero Energy stock in a transaction on Monday, June 29th. The shares were sold at an average price of $268.17, for a total value of $2,011,275.00. Following the completion of the sale, the senior vice president owned 19,742 shares in the company, valued at $5,294,212.14. The trade was a 27.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.36% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on VLO shares. UBS Group lifted their price objective on shares of Valero Energy from $280.00 to $355.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded Valero Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. Citigroup boosted their target price on Valero Energy from $259.00 to $302.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. TD Cowen upped their price target on shares of Valero Energy from $338.00 to $350.00 and gave the company a “hold” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded Valero Energy from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $296.18.

Valero Energy Company Profile

Valero Energy Corporation is a San Antonio, Texas–based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks and other industrial products. The company’s operations focus on refining crude oil into finished fuels such as gasoline, diesel and jet fuel, as well as producing asphalt and other refined product streams for commercial and industrial customers.

In addition to refining, Valero has significant operations in renewable fuels, including the production of ethanol and other biofuels, and it manages an extensive logistics network of pipelines, terminals, rail and marine assets to move feedstocks and finished products.