Bank of Nova Scotia lessened its holdings in shares of Valero Energy Co. (NYSE:VLO – Get Rating) by 85.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 9,732 shares of the oil and gas company’s stock after selling 59,264 shares during the period. Bank of Nova Scotia’s holdings in Valero Energy were worth $1,034,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of VLO. Exane Derivatives acquired a new stake in Valero Energy during the 1st quarter worth $25,000. Truist Financial Corp grew its holdings in Valero Energy by 4.7% during the 1st quarter. Truist Financial Corp now owns 150,421 shares of the oil and gas company’s stock worth $15,275,000 after acquiring an additional 6,707 shares during the period. Assenagon Asset Management S.A. grew its holdings in Valero Energy by 143.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 65,319 shares of the oil and gas company’s stock worth $6,632,000 after acquiring an additional 38,487 shares during the period. Ieq Capital LLC grew its holdings in Valero Energy by 11.1% during the 1st quarter. Ieq Capital LLC now owns 5,617 shares of the oil and gas company’s stock worth $570,000 after acquiring an additional 563 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Valero Energy by 67.9% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 191,455 shares of the oil and gas company’s stock valued at $19,442,000 after buying an additional 77,405 shares during the period. Institutional investors and hedge funds own 79.78% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of Valero Energy from $150.00 to $152.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 26th. Morgan Stanley boosted their price target on shares of Valero Energy from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Barclays boosted their price target on shares of Valero Energy from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Wednesday, October 26th. Piper Sandler decreased their price target on shares of Valero Energy from $148.00 to $147.00 in a report on Tuesday, October 11th. Finally, StockNews.com raised shares of Valero Energy from a “buy” rating to a “strong-buy” rating in a report on Sunday. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $137.38.
Insiders Place Their Bets
Valero Energy Trading Down 0.8 %
VLO opened at $128.72 on Monday. The stock has a market capitalization of $50.71 billion, a P/E ratio of 5.49, a P/E/G ratio of 0.77 and a beta of 1.66. Valero Energy Co. has a 12 month low of $65.13 and a 12 month high of $146.80. The firm’s fifty day simple moving average is $115.56 and its 200 day simple moving average is $116.39. The company has a current ratio of 1.32, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45.
Valero Energy (NYSE:VLO – Get Rating) last issued its quarterly earnings results on Tuesday, October 25th. The oil and gas company reported $7.14 EPS for the quarter, missing the consensus estimate of $8.43 by ($1.29). Valero Energy had a return on equity of 43.20% and a net margin of 5.53%. The business had revenue of $44.45 billion for the quarter, compared to the consensus estimate of $41.16 billion. During the same period last year, the firm earned $1.22 earnings per share. The company’s quarterly revenue was up 50.6% compared to the same quarter last year. As a group, research analysts anticipate that Valero Energy Co. will post 27.76 EPS for the current fiscal year.
Valero Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.98 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $3.92 annualized dividend and a yield of 3.05%. Valero Energy’s dividend payout ratio (DPR) is presently 16.73%.
Valero Energy Profile
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Refining, Renewable Diesel, and Ethanol. It produces conventional, premium, and reformulated gasolines; gasoline meeting the specifications of the California Air Resources Board (CARB); diesel fuels, and low-sulfur and ultra-low-sulfur diesel fuels; CARB diesel; other distillates; jet fuels; blendstocks; and asphalts, petrochemicals, lubricants, and other refined petroleum products, as well as sells lube oils and natural gas liquids.
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