Quarterly Earnings Beat Consensus by Wide Margins
Valero Energy Corporation (NYSE:VLO) reported adjusted earnings per share of $12.54 on revenue of $44.48 billion for its quarter ended July 30, 2026, exceeding analyst estimates of $10.11 per share on $39.47 billion in revenue. Revenue climbed 48.8% year over year, compared with adjusted EPS of $2.28 in the same quarter of the prior year. The company posted a net margin of 5.17% and a return on equity of 26.74% for the period.
$1.20 Quarterly Dividend Paid in Late August
The company distributed a $1.20 per share quarterly dividend on August 31, 2026, to shareholders of record on July 31, 2026. The payout equates to a $4.80 annualized dividend and a yield of 1.3%, with a dividend payout ratio of 19.92%. Analysts forecast full-year EPS of 41.15, according to the same filings summarized in September 7, 2026 coverage.
Institutional Investors Reshape Positions in the Quarter
Several institutional holders disclosed changes to their Valero stakes in recent 13F filings. HSBC Holdings PLC raised its position by 2.8% in the second quarter, adding 20,234 shares to reach 743,997 shares valued at approximately $194.2 million. TD Waterhouse Canada Inc. trimmed its holdings by 47.8%, selling 22,516 shares and ending the period with 24,571 shares worth $6.62 million. Carlson Financial Inc. cut its stake by 44.6% during the quarter, retaining 3,509 shares valued at roughly $915,000.
Larger Holders Add to Concentrated Positions
Other significant holders expanded their stakes across recent quarters. State Street Corp lifted its position by 0.9% to 18,177,191 shares worth $2.96 billion, while Charles Schwab Investment Management Inc. increased by 0.5% to 11,950,982 shares worth $1.95 billion. Norges Bank opened a new position valued at $1.11 billion, Franklin Resources Inc. grew its stake by 7.5% to 5,668,210 shares worth $922.7 million, and Bank of America Corp DE raised its position by 11.4% to 5,033,310 shares worth $1.24 billion. Institutional investors collectively hold 78.69% of the company's stock.
Trading Levels and Market Capitalization
Shares opened at $370.94 in trading referenced on the same day as the filings, near the 52-week high of $375.11 and well above the 52-week low of $153.20. The stock's 50-day moving average was $315.25 and its 200-day moving average was $265.31. Valero carried a market capitalization of $106.80 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.42, and a beta of 0.57, with a debt-to-equity ratio of 0.37.
Analyst Sentiment Tilts Positive
Wall Street coverage aggregated in the September 7, 2026 reports carried a consensus "Moderate Buy" rating with an average price target of $296.18. Jefferies Financial Group and TD Cowen set a target of $350, while Zacks upgraded the stock to "Strong Buy." The coverage offered in the lead source was drawn from recent 13F filings rather than a new analyst-day release.
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