Pine River Capital Management buys $18,481,001 stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Pine River Capital Management scooped up 4,232 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 340,162 shares of Valero Energy Corporation which is valued at $18,481,001.Valero Energy Corporation makes up approximately 1.02% of Pine River Capital Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Securities Holdings Ltd. reduced its stake in VLO by selling 190 shares or 63.33% in the most recent quarter. The Hedge Fund company now holds 110 shares of VLO which is valued at $5,976. Valero Energy Corporation makes up approx 0.02% of Mitsubishi Ufj Securities Holdings Ltd.’s portfolio.Thrivent Financial For Lutherans boosted its stake in VLO in the latest quarter, The investment management firm added 720 additional shares and now holds a total of 14,880 shares of Valero Energy Corporation which is valued at $808,430.New York State Common Retirement Fund reduced its stake in VLO by selling 98,540 shares or 5.81% in the most recent quarter. The Hedge Fund company now holds 1,596,960 shares of VLO which is valued at $86,762,837. Valero Energy Corporation makes up approx 0.12% of New York State Common Retirement Fund’s portfolio.Comerica Securities Inc boosted its stake in VLO in the latest quarter, The investment management firm added 5,018 additional shares and now holds a total of 20,484 shares of Valero Energy Corporation which is valued at $1,112,896. Valero Energy Corporation makes up approx 0.72% of Comerica Securities Inc’s portfolio.Charter Trust Co boosted its stake in VLO in the latest quarter, The investment management firm added 266 additional shares and now holds a total of 23,048 shares of Valero Energy Corporation which is valued at $1,170,377. Valero Energy Corporation makes up approx 0.13% of Charter Trust Co’s portfolio.

Valero Energy Corporation closed down -1.06 points or -1.92% at $54.29 with 52,81,497 shares getting traded on Thursday. Post opening the session at $55.37, the shares hit an intraday low of $53.87 and an intraday high of $55.4 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Valero Energy Corporation reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 26, 2016. Analyst had a consensus of $0.99. The company had revenue of $19584.00 million for the quarter, compared to analysts expectations of $18667.34 million. The company’s revenue was down -22.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.66 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. Jefferies Initiated Valero Energy Corporation on Aug 23, 2016 to “Buy”, Price Target of the shares are set at $66.Shares were Reiterated by Scotia Howard Weil on Jul 27, 2016 to “Sector Outperform” and Lowered the Price Target to $ 60 from a previous price target of $61 .

Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels other petrochemical products and power. The Company’s refineries can produce conventional gasolines premium gasolines gasoline diesel fuel low-sulfur diesel fuel ultra-low-sulfur diesel fuel CARB diesel fuel other distillates jet fuel asphalt petrochemicals lubricants and other refined products. The Company markets branded and unbranded refined products through approximately 7400 outlets. The Company also owns 11 ethanol plants in the central plains region of the United States that primarily produce ethanol. The Company operates through two segments. The refining segment includes refining operations wholesale marketing product supply and distribution and transportation operations in the United States Canada the United Kingdom Aruba and Ireland. Its ethanol segment primarily includes sale of internally produced ethanol and distillers grains.

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