Bank of Nova Scotia Sells 2,317 Shares of Valero Energy Co. (NYSE:VLO)

Bank of Nova Scotia decreased its stake in shares of Valero Energy Co. (NYSE:VLO - Free Report) by 1.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 129,063 shares of the oil and gas company's stock after selling 2,317 shares during the period. Bank of Nova Scotia's holdings in Valero Energy were worth $15,838,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Coldstream Capital Management Inc. boosted its stake in Valero Energy by 10.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,166 shares of the oil and gas company's stock valued at $1,107,000 after purchasing an additional 794 shares during the period. Toronto Dominion Bank boosted its position in shares of Valero Energy by 7.8% in the third quarter. Toronto Dominion Bank now owns 108,173 shares of the oil and gas company's stock valued at $14,607,000 after acquiring an additional 7,799 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Valero Energy by 5.4% in the third quarter. Rehmann Capital Advisory Group now owns 2,202 shares of the oil and gas company's stock valued at $297,000 after acquiring an additional 112 shares in the last quarter. Virtu Financial LLC acquired a new stake in Valero Energy in the 3rd quarter worth about $3,249,000. Finally, Westside Investment Management Inc. boosted its holdings in Valero Energy by 18.1% in the 3rd quarter. Westside Investment Management Inc. now owns 679 shares of the oil and gas company's stock valued at $92,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 78.69% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently issued reports on VLO shares. Scotiabank reduced their price target on Valero Energy from $156.00 to $136.00 and set a "sector outperform" rating on the stock in a research report on Friday. Tudor Pickering raised shares of Valero Energy from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 4th. Mizuho dropped their target price on shares of Valero Energy from $165.00 to $158.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Raymond James reduced their price target on shares of Valero Energy from $165.00 to $155.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler cut their target price on Valero Energy from $149.00 to $144.00 and set an "overweight" rating for the company in a research note on Friday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $152.46.

Valero Energy Trading Down 2.5 %

Valero Energy stock traded down $2.79 during trading hours on Tuesday, hitting $107.54. The stock had a trading volume of 2,174,337 shares, compared to its average volume of 2,979,708. The business's 50 day simple moving average is $127.39 and its 200-day simple moving average is $131.52. Valero Energy Co. has a one year low of $99.00 and a one year high of $174.94. The stock has a market cap of $33.87 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.93 and a beta of 1.17. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.35.

Valero Energy (NYSE:VLO - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. On average, equities analysts predict that Valero Energy Co. will post 7.92 EPS for the current fiscal year.

Valero Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a $1.13 dividend. This is a boost from Valero Energy's previous quarterly dividend of $1.07. The ex-dividend date was Thursday, January 30th. This represents a $4.52 annualized dividend and a dividend yield of 4.20%. Valero Energy's payout ratio is currently 53.30%.

Valero Energy Company 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.