Vanguard Discloses 450,506 Valero Shares, Passive Stake Maintained

TL;DR

**Vanguard still holds a big chunk of Valero, showing continued institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Valero Energy Corp. As of December 29, 2023, Vanguard reported shared voting power over 450,506 shares of Valero's common stock. This filing indicates Vanguard's passive investment in Valero, which is important for investors as it shows a significant institutional holder maintains a position, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms Vanguard's continued significant, albeit passive, ownership in Valero Energy, which can influence market perception and stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in company control or strategy.

Analyst Insight

Investors should note that a major institutional investor like Vanguard continues to hold a significant, passive stake in Valero, suggesting stability rather than any impending strategic shift or activist involvement. This is a routine update and doesn't warrant immediate action, but confirms institutional presence.

Key Numbers

• 450,506 — Shared Voting Power (Number of Valero Energy Corp shares The Vanguard Group has shared voting power over as of December 29, 2023.)
• 0 — Sole Voting Power (Number of Valero Energy Corp shares The Vanguard Group has sole voting power over as of December 29, 2023.)
• 10 — Amendment Number (This is the 10th amendment to the Schedule 13G filing for Valero Energy Corp by The Vanguard Group.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Valero Energy Corp (company) — subject company whose securities are being reported
• Pennsylvania (company) — place of organization for The Vanguard Group
• December 29, 2023 (date) — date of event requiring the filing
• February 13, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Vanguard will maintain a passive investment strategy in Valero Energy Corp. (The Vanguard Group) — high confidence, target: Next 12 months

FAQ

From the Filing

0001104659-24-020130.txt : 20240213 0001104659-24-020130.hdr.sgml : 20240213 20240213165557 ACCESSION NUMBER: 0001104659-24-020130 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: VALERO ENERGY CORP/TX CENTRAL INDEX KEY: 0001035002 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 741828067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51415 FILM NUMBER: 24627209 BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: 2103454524 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0138-valeroenergycorp.htm SCHEDULE 13G/A valeroenergycorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 10)* Name of issuer:  Valero Energy Corp Title of Class of Securities:  Common Stock CUSIP Number:  91913Y100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). (Continued on the following page(s))     13G CUSIP No.:  91913Y100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 450,506 7.  SOLE DISPOSITIVE POWER 30,594,191 8.  SHARED DISPOSITIVE POWER 1,498,093 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 32,092,284 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.43% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: Valero Energy Corp Item 1(b) - Address of Issuer's Principal Executive Offices: One Valero Way San Antonio, TX 78249 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 91913Y100 Item 3 - Type of Filing: This st