The Financial institution of Nova Scotia invests in Valero Power Corp. (VLO) Shares

Valero Energy Corp. logoFinancial 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 Outdated Mutual International Traders UK Ltd.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 Outdated Mutual International Traders UK Ltd.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.

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

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.

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