TD Asset Management Inc Grows Stock Holdings in Valero Energy Corporation $VLO

Key Points

• TD Asset Management increased its Valero Energy stake by 46% in the fourth quarter, buying an additional 65,914 shares and bringing its holdings to 209,277 shares worth about $34.1 million.
• Valero reported strong quarterly results, with EPS of $4.22 topping estimates by $1.06 and revenue of $32.38 billion beating forecasts, while revenue rose 7% year over year.
• The company also announced a quarterly dividend of $1.20 per share, and analysts remain broadly constructive with a consensus rating of “Moderate Buy” and an average target price of $243.65.

TD Asset Management Inc grew its holdings in shares of Valero Energy Corporation (NYSE:VLO - Free Report) by 46.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 209,277 shares of the oil and gas company's stock after purchasing an additional 65,914 shares during the period. TD Asset Management Inc owned approximately 0.07% of Valero Energy worth $34,068,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. JPL Wealth Management LLC purchased a new position in Valero Energy in the 3rd quarter worth approximately $27,000. Torren Management LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $30,000. AXS Investments LLC purchased a new position in Valero Energy in the 4th quarter worth approximately $32,000. Bruce G. Allen Investments LLC raised its holdings in Valero Energy by 32.9% in the 4th quarter. Bruce G. Allen Investments LLC now owns 206 shares of the oil and gas company's stock worth $34,000 after acquiring an additional 51 shares during the last quarter. Finally, Triumph Capital Management purchased a new position in Valero Energy in the 3rd quarter worth approximately $35,000. 78.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Eric A. Fisher sold 400 shares of the business's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $238.60, for a total transaction of $95,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.36% of the company's stock.

Key Stories Impacting Valero Energy

Here are the key news stories impacting Valero Energy this week:

• Positive Sentiment: Zacks highlighted Valero as one of the best low-beta stocks to buy right away, pointing to recent gains, solid trading volume, and the appeal of defensive energy exposure amid market volatility. Article Title
• Positive Sentiment: Another Zacks note said cleaner transportation fuels are powering Valero’s growth, citing expansion in renewable diesel, sustainable aviation fuel, and ethanol as longer-term cash flow drivers. Article Title
• Positive Sentiment: Valero was also featured as a strong value and growth name, with Zacks assigning it favorable rankings that may reinforce investor confidence in the stock’s earnings and valuation profile. Article Title
• Positive Sentiment: Valero’s refining strength was emphasized again in a Zacks article arguing that high oil prices should not fully derail margins because of tight global refining capacity and low fuel inventories. Article Title
• Positive Sentiment: Multiple headlines noted that Valero recently hit a 52-week high and has outperformed the Nasdaq over the past year, suggesting strong momentum and supportive fundamentals. Article Title
• Neutral Sentiment: One article discussed whether VLO’s run can continue after reaching a 52-week high, but it mainly framed the question around existing fundamentals rather than delivering a clear new catalyst. Article Title
• Negative Sentiment: A Yahoo Finance piece flagged possible bearish signals from insider stock sales over the past year, which could temper enthusiasm if investors focus on governance or insider sentiment. Article Title
• Negative Sentiment: Seeking Alpha argued Valero may be a great business but at the wrong price, implying valuation could be a headwind after the stock’s strong run. Article Title

Valero Energy Trading Down 1.1%

NYSE:VLO opened at $256.03 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.15 and a debt-to-equity ratio of 0.39. Valero Energy Corporation has a 12 month low of $127.83 and a 12 month high of $265.61. The company has a market cap of $76.02 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.38 and a beta of 0.55. The company has a 50 day simple moving average of $244.66 and a two-hundred day simple moving average of $209.79.

Valero Energy (NYSE:VLO - Get Free Report) last posted its earnings results on Thursday, April 30th. The oil and gas company reported $4.22 EPS for the quarter, topping analysts' consensus estimates of $3.16 by $1.06. Valero Energy had a net margin of 3.37% and a return on equity of 15.94%. The business had revenue of $32.38 billion during the quarter, compared to the consensus estimate of $31.38 billion. During the same quarter in the previous year, the firm posted $0.89 EPS. The firm's revenue was up 7.0% on a year-over-year basis. Research analysts forecast that Valero Energy Corporation will post 26.51 earnings per share for the current year.

Valero Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Thursday, May 21st will be given a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, May 21st. Valero Energy's payout ratio is 34.88%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VLO shares. BMO Capital Markets boosted their price objective on shares of Valero Energy from $230.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, April 6th. Piper Sandler boosted their price objective on shares of Valero Energy from $236.00 to $263.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. UBS Group boosted their price objective on shares of Valero Energy from $215.00 to $280.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Weiss Ratings upgraded shares of Valero Energy from a "hold (c)" rating to a "buy (b-)" rating in a report on Monday, May 4th. Finally, Wolfe Research reaffirmed an "underperform" rating and issued a $203.00 target price on shares of Valero Energy in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Valero Energy presently has an average rating of "Moderate Buy" and a consensus target price of $243.65.

About Valero Energy

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.

Want to see what other hedge funds are holding VLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Valero Energy Corporation (NYSE:VLO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.