Toronto Dominion Bank Purchases 7,799 Shares of Valero Energy Co. (NYSE:VLO)

Toronto Dominion Bank grew its stake in Valero Energy Co. (NYSE:VLO - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,173 shares of the oil and gas company's stock after buying an additional 7,799 shares during the period. Toronto Dominion Bank's holdings in Valero Energy were worth $14,607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in VLO. Wellington Management Group LLP boosted its position in shares of Valero Energy by 4,908.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,850,526 shares of the oil and gas company's stock valued at $384,907,000 after purchasing an additional 2,793,607 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Valero Energy by 11,318.9% during the 3rd quarter. International Assets Investment Management LLC now owns 1,076,349 shares of the oil and gas company's stock valued at $145,339,000 after acquiring an additional 1,066,923 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Valero Energy by 900.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 631,095 shares of the oil and gas company's stock worth $85,217,000 after purchasing an additional 568,000 shares during the period. Pacer Advisors Inc. grew its holdings in Valero Energy by 18.8% in the third quarter. Pacer Advisors Inc. now owns 3,585,166 shares of the oil and gas company's stock worth $484,105,000 after purchasing an additional 567,059 shares during the period. Finally, Worldquant Millennium Advisors LLC bought a new stake in Valero Energy in the third quarter valued at $70,352,000. 78.69% of the stock is currently owned by institutional investors.

Valero Energy Stock Performance

Shares of VLO traded down $0.54 on Friday, reaching $129.14. 1,717,977 shares of the company's stock traded hands, compared to its average volume of 2,252,146. The stock's 50 day simple moving average is $136.27 and its two-hundred day simple moving average is $143.27. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.35. Valero Energy Co. has a 52-week low of $124.02 and a 52-week high of $184.79. The stock has a market cap of $40.88 billion, a PE ratio of 11.58, a PEG ratio of 2.43 and a beta of 1.39.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The oil and gas company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.16. Valero Energy had a net margin of 2.74% and a return on equity of 13.07%. The company had revenue of $32.88 billion for the quarter, compared to the consensus estimate of $31.04 billion. During the same period in the previous year, the firm earned $7.49 EPS. The firm's quarterly revenue was down 14.4% on a year-over-year basis. On average, analysts forecast that Valero Energy Co. will post 8.86 earnings per share for the current fiscal year.

Valero Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 20th will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Wednesday, November 20th. Valero Energy's dividend payout ratio is currently 38.39%.

Wall Street Analyst Weigh In

Several analysts have recently commented on VLO shares. TD Cowen reduced their target price on Valero Energy from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group reduced their price objective on Valero Energy from $149.00 to $131.00 and set a "sell" rating for the company in a research note on Monday, September 16th. Piper Sandler lowered Valero Energy from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $169.00 to $123.00 in a research report on Friday, September 20th. BMO Capital Markets reduced their price target on shares of Valero Energy from $175.00 to $165.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Finally, Barclays decreased their price target on shares of Valero Energy from $146.00 to $140.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $155.50.

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.