Bank of Nova Scotia Trust Co. Has $949,000 Holdings in Valero Energy Co. (NYSE:VLO)

Bank of Nova Scotia Trust Co. decreased its stake in Valero Energy Co. (NYSE:VLOFree Report) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 7,300 shares of the oil and gas company’s stock after selling 500 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Valero Energy were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Morgan Stanley increased its holdings in shares of Valero Energy by 6.1% during the 3rd quarter. Morgan Stanley now owns 8,961,603 shares of the oil and gas company’s stock worth $1,269,949,000 after purchasing an additional 517,068 shares during the period. Norges Bank bought a new stake in shares of Valero Energy in the 4th quarter worth approximately $570,428,000. Northern Trust Corp grew its holdings in shares of Valero Energy by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,899,875 shares of the oil and gas company’s stock worth $552,651,000 after purchasing an additional 121,057 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Valero Energy by 14.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,788,994 shares of the oil and gas company’s stock valued at $362,569,000 after purchasing an additional 342,218 shares during the period. Finally, Montrusco Bolton Investments Inc. raised its stake in shares of Valero Energy by 18.7% in the fourth quarter. Montrusco Bolton Investments Inc. now owns 2,389,654 shares of the oil and gas company’s stock valued at $310,655,000 after purchasing an additional 376,449 shares in the last quarter. Institutional investors own 78.69% of the company’s stock.

Valero Energy Trading Up 4.2 %

VLO stock traded up $6.30 during trading on Friday, hitting $157.20. The company had a trading volume of 4,902,145 shares, compared to its average volume of 3,165,484. The firm has a 50-day moving average price of $165.42 and a 200-day moving average price of $146.20. Valero Energy Co. has a 12 month low of $105.66 and a 12 month high of $184.79. The company has a quick ratio of 1.10, a current ratio of 1.59 and a debt-to-equity ratio of 0.35. The stock has a market cap of $51.40 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.43 and a beta of 1.55.

Valero Energy (NYSE:VLOGet Free Report) last released its earnings results on Thursday, April 25th. The oil and gas company reported $3.82 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.64. The company had revenue of $31.76 billion during the quarter, compared to the consensus estimate of $32.02 billion. Valero Energy had a return on equity of 24.82% and a net margin of 5.01%. The firm’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $8.27 earnings per share. As a group, analysts predict that Valero Energy Co. will post 18.11 earnings per share for the current year.

Valero Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, May 30th will be given a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Thursday, May 30th. Valero Energy’s dividend payout ratio is 21.20%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Valero Energy from $171.00 to $184.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. UBS Group increased their price target on shares of Valero Energy from $167.00 to $197.00 and gave the stock a “buy” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group raised their price target on shares of Valero Energy from $130.00 to $171.00 and gave the stock a “sell” rating in a research note on Friday, March 22nd. Argus cut Valero Energy from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Finally, Citigroup boosted their price target on Valero Energy from $160.00 to $192.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.87.

Get Our Latest Stock Report on Valero Energy

Insider Buying and Selling

In other Valero Energy news, Director Kimberly S. Greene sold 720 shares of Valero Energy stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $158.12, for a total transaction of $113,846.40. Following the completion of the sale, the director now owns 13,314 shares of the company’s stock, valued at approximately $2,105,209.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.04% of the stock is currently owned by insiders.

About Valero Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Valero Energy (NYSE:VLO)

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