Valero Energy (NYSE:VLO) PT Lowered to $141.00 at Scotiabank

Valero Energy (NYSE:VLO) had its price target decreased by Scotiabank from $173.00 to $141.00 in a research report report published on Thursday, Benzinga reports. Scotiabank currently has a sector outperform rating on the oil and gas company’s stock.

Several other equities research analysts have also recently issued reports on VLO. The Goldman Sachs Group reduced their price objective on shares of Valero Energy from $149.00 to $131.00 and set a sell rating on the stock in a research report on Monday, September 16th. Wolfe Research started coverage on shares of Valero Energy in a research report on Thursday, July 18th. They set an outperform rating and a $177.00 price objective on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Valero Energy from $172.00 to $151.00 and set an overweight rating on the stock in a research report on Wednesday, October 2nd. Mizuho reduced their price objective on shares of Valero Energy from $175.00 to $171.00 and set an outperform rating on the stock in a research report on Monday, September 16th. Finally, StockNews.com cut shares of Valero Energy from a buy rating to a hold rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Valero Energy has a consensus rating of Moderate Buy and an average price target of $162.60.

Valero Energy Price Performance

NYSE VLO opened at $142.34 on Thursday. Valero Energy has a 12 month low of $119.88 and a 12 month high of $184.79. The stock has a market cap of $45.60 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 3.71 and a beta of 1.39. The company’s 50 day moving average is $141.01 and its two-hundred day moving average is $152.80. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.34.

Valero Energy (NYSE:VLO) last released its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.60 by $0.11. Valero Energy had a net margin of 4.25% and a return on equity of 21.01%. The company had revenue of $34.49 billion for the quarter, compared to analysts’ expectations of $32.97 billion. During the same quarter last year, the business earned $5.40 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, research analysts anticipate that Valero Energy will post 9.61 earnings per share for the current year.

Valero Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 1st were paid a dividend of $1.07 per share. This represents a $4.28 annualized dividend and a yield of 3.01%. The ex-dividend date was Thursday, August 1st. Valero Energy’s payout ratio is 24.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of VLO. EdgeRock Capital LLC purchased a new position in Valero Energy during the second quarter worth $27,000. Lynx Investment Advisory purchased a new stake in shares of Valero Energy during the second quarter valued at $29,000. Summit Securities Group LLC purchased a new stake in shares of Valero Energy during the second quarter valued at $31,000. Rise Advisors LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $33,000. Finally, Pathway Financial Advisers LLC purchased a new stake in shares of Valero Energy during the first quarter valued at $33,000. 78.69% of the stock is owned by hedge funds and other institutional investors.

About Valero Energy

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.