TD Private Client Wealth LLC Lowers Stock Holdings in Valero Energy Co. (NYSE:VLO)

TD Private Client Wealth LLC cut its holdings in Valero Energy Co. (NYSE:VLO) by 5.1% in the fourth quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. New Wave Wealth Advisors LLC acquired a new position in Valero Energy during the fourth quarter worth $25,000. Tobam acquired a new position in shares of Valero Energy during the 4th quarter worth about $30,000. True Wealth Design LLC lifted its stake in Valero Energy by 196.8% in the 3rd quarter. True Wealth Design LLC now owns 276 shares of the oil and gas company’s stock valued at $37,000 after buying an additional 183 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Valero Energy in the 4th quarter worth about $37,000. Finally, Golden State Wealth Management LLC purchased a new stake in Valero Energy during the 4th quarter worth approximately $38,000. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Stock Up 0.1 %

VLO stock opened at $132.02 on Wednesday. The firm has a market cap of $41.58 billion, a PE ratio of 15.57, a PEG ratio of 2.93 and a beta of 1.36. Valero Energy Co. has a one year low of $116.84 and a one year 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. The firm’s 50 day moving average price is $133.88 and its 200-day moving average price is $133.34.

Valero Energy (NYSE:VLO) last announced its quarterly earnings results on Thursday, January 30th. The oil and gas company reported $0.64 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that Valero Energy Co. will post 7.92 EPS for the current year.

Valero Energy Increases Dividend

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

Analyst Ratings Changes

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

Valero Energy 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.