TD Private Client Wealth LLC Sells 82 Shares of Valero Energy Co. (NYSE:VLO)

TD Private Client Wealth LLC lowered its stake in shares of Valero Energy Co. (NYSE:VLO) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,539 shares of the oil and gas company’s stock after selling 82 shares during the quarter. TD Private Client Wealth LLC’s holdings in Valero Energy were worth $189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new position in shares of Valero Energy during the 3rd quarter worth approximately $134,000. Great Valley Advisor Group Inc. grew its holdings in Valero Energy by 4.5% in the third quarter. Great Valley Advisor Group Inc. now owns 10,335 shares of the oil and gas company’s stock worth $1,395,000 after purchasing an additional 446 shares during the last quarter. Cerity Partners LLC increased its position in shares of Valero Energy by 34.6% during the third quarter. Cerity Partners LLC now owns 110,660 shares of the oil and gas company’s stock worth $14,942,000 after purchasing an additional 28,441 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Valero Energy by 71.9% during the 3rd quarter. Larson Financial Group LLC now owns 5,117 shares of the oil and gas company’s stock valued at $691,000 after purchasing an additional 2,141 shares during the last quarter. Finally, Summit Trail Advisors LLC boosted its position in shares of Valero Energy by 9.2% in the 3rd quarter. Summit Trail Advisors LLC now owns 3,597 shares of the oil and gas company’s stock worth $486,000 after purchasing an additional 302 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

Valero Energy Price Performance

Shares of VLO opened at $132.02 on Wednesday. The business’s 50-day moving average is $133.88 and its two-hundred day moving average is $133.34. The company has a market capitalization of $41.58 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a fifty-two week low of $116.84 and a fifty-two week high of $184.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.11 and a current ratio of 1.57.

Valero Energy (NYSE:VLO) last posted its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.14 by $0.50. Valero Energy had a return on equity of 9.58% and a net margin of 2.13%. Research analysts predict that Valero Energy Co. will post 7.92 earnings per share for the current year.

Valero Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were issued a dividend of $1.13 per share. The ex-dividend date was Thursday, January 30th. This is an increase from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 dividend on an annualized basis and a yield of 3.42%. Valero Energy’s dividend payout ratio is 53.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Mizuho decreased their price target on Valero Energy from $165.00 to $158.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a research report on Friday, March 7th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company decreased their price target on shares of Valero Energy from $160.00 to $159.00 and set an “overweight” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Valero Energy currently has a consensus rating of “Moderate Buy” and an average price target of $156.08.

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.