Scotiabank Cuts Valero Energy (NYSE:VLO) Price Target to $136.00

Valero Energy (NYSE:VLO) had its price objective decreased by Scotiabank from $156.00 to $136.00 in a research note issued to investors on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the oil and gas company’s stock.

Other equities research analysts have also recently issued reports about the company. Raymond James decreased their price objective on Valero Energy from $165.00 to $155.00 and set a “strong-buy” rating for the company in a research note on Wednesday, April 9th. Mizuho cut their price target on shares of Valero Energy from $165.00 to $158.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Tudor Pickering raised shares of Valero Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Piper Sandler decreased their price target on shares of Valero Energy from $149.00 to $144.00 and set an “overweight” rating for the company in a report on Friday, March 7th. Finally, Wells Fargo & Company reduced their target price on Valero Energy from $160.00 to $159.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Valero Energy currently has an average rating of “Moderate Buy” and a consensus target price of $152.46.

Valero Energy Trading Up 1.4 %

VLO opened at $110.59 on Friday. The firm has a 50-day moving average price of $127.99 and a two-hundred day moving average price of $131.70. The stock has a market capitalization of $34.83 billion, a PE ratio of 13.04, a PEG ratio of 2.93 and a beta of 1.17. Valero Energy has a 1-year low of $99.00 and a 1-year high of $174.94. 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 (NYSE:VLO) last issued its earnings results on Thursday, January 30th. The oil and gas company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.50. Valero Energy had a net margin of 2.13% and a return on equity of 9.58%. As a group, equities analysts anticipate that Valero Energy will post 7.92 earnings per share for the current fiscal year.

Valero Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were paid a $1.13 dividend. The ex-dividend date was Thursday, January 30th. This is a boost from Valero Energy’s previous quarterly dividend of $1.07. This represents a $4.52 annualized dividend and a dividend yield of 4.09%. Valero Energy’s dividend payout ratio (DPR) is currently 53.30%.

Institutional Trading of Valero Energy

Large investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its position in shares of Valero Energy by 10.8% in the third quarter. Coldstream Capital Management Inc. now owns 8,166 shares of the oil and gas company’s stock valued at $1,107,000 after buying an additional 794 shares during the last quarter. Toronto Dominion Bank increased its position in Valero Energy by 7.8% during the third quarter. Toronto Dominion Bank now owns 108,173 shares of the oil and gas company’s stock worth $14,607,000 after acquiring an additional 7,799 shares during the period. Rehmann Capital Advisory Group raised its position 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 buying an additional 112 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Valero Energy during the 3rd quarter worth $3,249,000. Finally, Westside Investment Management Inc. increased 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 buying an additional 104 shares during the period. Institutional investors and hedge funds own 78.69% of the company’s stock.

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.