Financial institution of Nova Scotia boosted its stake in shares of Valero Power Corp. (NYSE:VLO) by 33.zero% through the second quarter, in line with its most up-to-date disclosure with the Securities and Change Fee. The institutional investor owned 333,168 shares of the corporate’s inventory after shopping for a further 82,620 shares through the interval. Financial institution of Nova Scotia owned zero.07% of Valero Power Corp. value $16,988,000 on the finish of the latest quarter.
Numerous different institutional buyers have additionally just lately added to or decreased their stakes in VLO. Financial institution of Montreal Can bought a brand new place in Valero Power Corp. through the second quarter valued at $176,332,000. Outdated Mutual International Traders UK Ltd. boosted its stake in shares of Valero Power Corp. by 1,858.four% within the second quarter. Outdated Mutual International Traders UK Ltd. now owns 1,810,144 shares of the corporate’s inventory value $92,317,000 after shopping for a further 1,717,712 shares through the interval. Emerald Acquisition Ltd. purchased a brand new stake in shares of Valero Power Corp. through the second quarter value roughly $55,991,000. Kleinwort Benson Traders Dublin Ltd purchased a brand new stake in shares of Valero Power Corp. through the second quarter value roughly $53,631,000. Lastly, Vanguard Group Inc. boosted its stake in shares of Valero Power Corp. by 1.eight% within the second quarter. Vanguard Group Inc. now owns 32,767,zero93 shares of the corporate’s inventory value $1,671,122,000 after shopping for a further 565,217 shares through the interval. 78.36% of the inventory is owned by hedge funds and different institutional buyers.
Shares of Valero Power Corp. (NYSE:VLO) traded up zero.02% throughout mid-day buying and selling on Friday, hitting $57.87. The inventory had a buying and selling quantity of three,729,942 shares. The corporate has a market cap of $26.70 billion, a PE ratio of 12.27 and a beta of 1.45. The agency’s 50 day transferring common worth is $55.66 and its 200-day transferring common worth is $54.54. Valero Power Corp. has a one yr low of $46.88 and a one yr excessive of $73.88.
Valero Power Corp. (NYSE:VLO) final posted its quarterly earnings knowledge on Tuesday, October 25th. The corporate reported $1.24 earnings per share for the quarter, topping the consensus estimate of $zero.93 by $zero.31. Valero Power Corp. had a web margin of three.01% and a return on fairness of 10.36%. The agency had income of $19.65 billion for the quarter, in comparison with badysts’ expectations of $19.49 billion. Throughout the identical interval within the earlier yr, the corporate posted $2.79 EPS. The corporate’s quarterly income was down 13.zero% in comparison with the identical quarter final yr. On common, equities badysis badysts anticipate that Valero Power Corp. will put up $three.71 earnings per share for the present fiscal yr.
The enterprise additionally just lately declared a quarterly dividend, which shall be paid on Thursday, December 15th. Stockholders of file on Tuesday, November 22nd shall be issued a dividend of $zero.60 per share. This represents a $2.40 annualized dividend and a dividend yield of four.15%. The ex-dividend date is Friday, November 18th. Valero Power Corp.’s dividend payout ratio is at the moment 50.74%.
VLO has been the subject of plenty of badyst stories. Wells Fargo & Co. reiterated a “purchase” ranking on shares of Valero Power Corp. in a report on Saturday, July ninth. Zacks Funding Analysis lower Valero Power Corp. from a “maintain” ranking to a “robust promote” ranking in a report on Tuesday, July 12th. Credit score Suisse Group AG reiterated a “maintain” ranking and set a $62.00 goal worth on shares of Valero Power Corp. in a report on Thursday, July 14th. Vetr lower Valero Power Corp. from a “strong-buy” ranking to a “purchase” ranking and set a $57.85 goal worth on the inventory. in a report on Tuesday, July 26th. Lastly, Howard Weil lowered their goal worth on Valero Power Corp. from $61.00 to $60.00 and set a “sector outperform” ranking on the inventory in a report on Wednesday, July 27th. 9 badysis badysts have rated the inventory with a maintain ranking, fifteen have issued a purchase ranking and one has given a robust purchase ranking to the corporate. The corporate at the moment has a mean ranking of “Purchase” and a consensus goal worth of $69.29.
About Valero Power Corp.