Grantham Mayo Van Otterloo buys $192.6 Million stake in Valero Energy Corporation (VLO)

Valero Energy Corporation (VLO) : Grantham Mayo Van Otterloo scooped up 1,570,286 additional shares in Valero Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,494,458 shares of Valero Energy Corporation which is valued at $192.6 Million.Valero Energy Corporation makes up approximately 0.73% of Grantham Mayo Van Otterloo’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies sold out all of its stake in VLO during the most recent quarter. The investment firm sold 1,730,088 shares of VLO which is valued $95.3 Million.Hanson Doremus Investment Management reduced its stake in VLO by selling 1,424 shares or 3.99% in the most recent quarter. The Hedge Fund company now holds 34,234 shares of VLO which is valued at $1.9 Million. Valero Energy Corporation makes up approx 0.87% of Hanson Doremus Investment Management’s portfolio.Blackrock Fund Advisors boosted its stake in VLO in the latest quarter, The investment management firm added 612,444 additional shares and now holds a total of 7,180,317 shares of Valero Energy Corporation which is valued at $395.7 Million. Valero Energy Corporation makes up approx 0.09% of Blackrock Fund Advisors’s portfolio.Td Asset Management Inc reduced its stake in VLO by selling 36,655 shares or 10.88% in the most recent quarter. The Hedge Fund company now holds 300,385 shares of VLO which is valued at $16.6 Million. Valero Energy Corporation makes up approx 0.03% of Td Asset Management Inc’s portfolio.Confluence Wealth Management boosted its stake in VLO in the latest quarter, The investment management firm added 4,899 additional shares and now holds a total of 15,142 shares of Valero Energy Corporation which is valued at $891,410. Valero Energy Corporation makes up approx 0.40% of Confluence Wealth Management’s portfolio.

Valero Energy Corporation closed down -0.73 points or -1.32% at $54.62 with 67,09,935 shares getting traded on Wednesday. Post opening the session at $55.39, the shares hit an intraday low of $54 and an intraday high of $55.48 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Valero Energy Corporation reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.65. The company had revenue of $15714.00 million for the quarter, compared to analysts expectations of $17705.49 million. The company’s revenue was down -26.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.87 EPS.

Many Wall Street Analysts have commented on Valero Energy Corporation. Valero Energy Corporation was Downgraded by Tudor Pickering to ” Hold” on May 16, 2016. Valero Energy Corporation was Downgraded by Credit Suisse to ” Neutral” on Apr 11, 2016. Shares were Reiterated by Barclays on Apr 8, 2016 to “Overweight” and Lowered the Price Target to $ 85 from a previous price target of $93 .

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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