State Street Corp Updates Valero Energy Stake as of Dec 31, 2023
Ticker: VLO · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1035002
| Field | Detail |
|---|---|
| Company | Valero Energy Corp/Tx (VLO) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, energy-sector
TL;DR
**State Street just updated its Valero Energy stock ownership, signaling its continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Valero Energy Corp/TX common stock as of December 31, 2023. This filing, made under Rule 13d-1(b), updates their passive investment stake in Valero. For investors, this matters because State Street is a significant institutional holder, and changes in their reported ownership can signal shifts in institutional sentiment or portfolio adjustments for Valero stock.
Why It Matters
This filing shows State Street Corporation's updated passive ownership in Valero Energy, providing transparency into a major institutional investor's position, which can influence market perception.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note State Street's continued passive institutional ownership in Valero Energy, but this filing alone doesn't suggest a need for immediate action. It's a routine disclosure of a major holder's position.
Key Numbers
- 91913Y100 — CUSIP Number (identifies Valero Energy Corp/TX common stock)
- 04-2456637 — IRS Identification No. (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Valero Energy Corp/TX (company) — the subject company whose common stock is being reported
- 0000093751-24-000431 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- State Street Corporation will likely maintain a significant, passive stake in Valero Energy Corp/TX. (State Street Corporation) — high confidence, target: Next 12 months
FAQ
Who filed this SC 13G/A amendment?
State Street Corporation, a financial institution with IRS Identification No. 04-2456637, filed this SC 13G/A amendment.
What company's stock is the subject of this filing?
The subject company is VALERO ENERGY CORP/TX, identified by CUSIP number 91913Y100, which operates in Petroleum Refining (SIC 2911).
What was the date of the event that triggered this filing?
The event that required this filing occurred on December 31, 2023, which is the reporting period end date for the ownership stake.
Under which SEC rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), which typically indicates a passive investment by an institutional investor.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive investors (owning 5% or more but less than 20% of a company's stock) to update their ownership information, as State Street Corporation did for its stake in Valero Energy Corp/TX.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding VALERO ENERGY CORP/TX (VLO).