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Which Institutions Sold Valero Stock in Q2 2018?

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Aug. 18 2020, Updated 9:24 a.m. ET

Institutional holdings in Valero

In the previous article, we reviewed Valero Energy’s (VLO) dividend yield trend. Now let’s find out which institutions bought or sold Valero in the second quarter based on the latest 13F filings.

Institutional holdings in Valero currently stand at ~82%. Institutional holdings show the percentage of a company’s shares that are owned by institutions such as mutual funds, banks, and insurance companies. The level of the holdings suggests the confidence level or sentiment sophisticated market participants have in a stock. Usually, with all else being equal, rising institutional holdings indicate favorable opinions about a stock.

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Changes in institutional holdings in Valero

In the second quarter, seven of the top ten institutional holders in VLO reduced their holdings in the stock. The stock’s top three institutional holders—the Vanguard Group, BlackRock Institutional Trust Company, and State Street Global Advisors—also lowered their holdings.

LSV Asset Management, BNY Mellon Asset Management North America, Columbia Threadneedle Investments, and Dimensional Fund Advisors also reduced their holdings in VLO stock in the second quarter.

However, Fidelity Management and Research Company, AQR Capital Management, and Geode Capital Management increased their holdings in VLO. Fidelity purchased a high number of VLO shares in the second quarter.

Peers’ institutional holdings

While institutional holdings in Marathon Petroleum (MPC) are higher than they are in VLO, institutional holdings in Andeavor (ANDV) and Phillips 66 (PSX) stand below VLO’s. Institutional holdings in MPC, PSX, and ANDV stand at ~86%, ~72%, and ~80%, respectively.

In the next article, we’ll evaluate changes in Valero’s short interest.

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