VALERO ENERGY CORP

Ticker: VLO CUSIP: 91913Y100 Class: COM

CAMBIAR INVESTORS LLC's Holding History (CIK: 0000823621)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 1,589,953 Value ($000) $78,703 Avg Close $31.49 Range $27.58 - $33.97

Q3 2014

Shares 3,033,932 Value ($000) $140,380 Avg Close $32.63 Range $29.66 - $35.41

Q2 2014

Shares 1,903,536 Value ($000) $95,367 Avg Close $35.48 Range $32.27 - $38.33

Q1 2014

Shares 2,812,897 Value ($000) $149,365 Avg Close $32.81 Range $29.32 - $35.94

Q4 2013

Shares 3,044,181 Value ($000) $153,427 Avg Close $26.85 Range $21.10 - $32.29

Q3 2013

Shares 4,062,191 Value ($000) $138,724 Avg Close $22.41 Range $20.85 - $23.70

Q2 2013

Shares 3,939,321 Value ($000) $136,970 Avg Close $24.01 Range $21.02 - $26.98

Q1 2013

Shares 2,280,312 Value ($000) $103,731 Avg Close $24.44 Range $19.48 - $28.14

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	1,589,953	$78,703	$31.49	$27.58 - $33.97
Q3 2014	3,033,932	$140,380	$32.63	$29.66 - $35.41
Q2 2014	1,903,536	$95,367	$35.48	$32.27 - $38.33
Q1 2014	2,812,897	$149,365	$32.81	$29.32 - $35.94
Q4 2013	3,044,181	$153,427	$26.85	$21.10 - $32.29
Q3 2013	4,062,191	$138,724	$22.41	$20.85 - $23.70
Q2 2013	3,939,321	$136,970	$24.01	$21.02 - $26.98
Q1 2013	2,280,312	$103,731	$24.44	$19.48 - $28.14