Valero Energy Co. (VLO) Stake Boosted by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Valero Energy Co. (NYSE:VLO) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 290,140 shares of the oil and gas company’s stock after purchasing an additional 47,705 shares during the period. Toronto Dominion Bank’s holdings in Valero Energy were worth $24,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in VLO. Mn Services Vermogensbeheer B.V. lifted its stake in Valero Energy by 0.8% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 164,782 shares of the oil and gas company’s stock worth $13,978,000 after acquiring an additional 1,300 shares in the last quarter. Sandy Spring Bank lifted its stake in Valero Energy by 63.1% during the 1st quarter. Sandy Spring Bank now owns 8,495 shares of the oil and gas company’s stock worth $721,000 after acquiring an additional 3,285 shares in the last quarter. First Mercantile Trust Co. lifted its stake in Valero Energy by 615.9% during the 1st quarter. First Mercantile Trust Co. now owns 5,584 shares of the oil and gas company’s stock worth $474,000 after acquiring an additional 4,804 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in Valero Energy by 7.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 13,164 shares of the oil and gas company’s stock worth $1,114,000 after acquiring an additional 939 shares in the last quarter. Finally, Cetera Investment Advisers lifted its stake in Valero Energy by 52.1% during the 1st quarter. Cetera Investment Advisers now owns 9,340 shares of the oil and gas company’s stock worth $793,000 after acquiring an additional 3,199 shares in the last quarter. 78.48% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Stephen M. Waters purchased 500 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of $84.97 per share, for a total transaction of $42,485.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.

VLO has been the topic of several research reports. Macquarie raised Valero Energy from a “neutral” rating to an “outperform” rating and set a $81.20 target price on the stock in a research note on Friday, January 18th. Goldman Sachs Group raised Valero Energy from a “sell” rating to a “neutral” rating and set a $80.00 target price on the stock in a research note on Friday, January 25th. Argus set a $110.00 target price on Valero Energy and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Standpoint Research lowered Valero Energy from a “buy” rating to a “hold” rating in a research note on Thursday, February 21st. Finally, Wolfe Research upgraded Valero Energy from a “peer perform” rating to an “outperform” rating in a report on Friday, March 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $107.82.

Shares of NYSE VLO opened at $82.96 on Wednesday. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 0.41. Valero Energy Co. has a 1-year low of $68.81 and a 1-year high of $126.98. The stock has a market cap of $34.00 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.56 and a beta of 1.18.

Valero Energy (NYSE:VLO) last issued its quarterly earnings results on Thursday, April 25th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.14. Valero Energy had a return on equity of 12.52% and a net margin of 2.43%. The company had revenue of $24.26 billion for the quarter, compared to the consensus estimate of $24.38 billion. During the same quarter in the prior year, the business earned $1.00 EPS. Valero Energy’s revenue was down 8.2% on a year-over-year basis. On average, research analysts expect that Valero Energy Co. will post 6.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.90 per share. The ex-dividend date is Tuesday, May 14th. This represents a $3.60 annualized dividend and a yield of 4.34%. Valero Energy’s dividend payout ratio (DPR) is 48.85%.

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About Valero Energy

Valero Energy Corporation operates as an independent petroleum refining and ethanol producing company in the United States, Canada, the United Kingdom, Ireland, and internationally. It operates through three segments: Refining, Ethanol, and VLP (Valero Energy Partners LP). The company is involved in oil and gas refining, marketing, and bulk selling activities.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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