Rafferty Asset Management Sells Valero Energy Shares

Hedge fund lowers stake in oil and gas company by 10.5% in Q3

Mar. 3, 2026 at 12:39am

Got story updates? Submit your updates here. ›

Rafferty Asset Management LLC lowered its position in shares of Valero Energy Corporation (NYSE:VLO) by 10.5% in the 3rd quarter, according to its recent SEC filing. The firm now owns 93,674 shares of the oil and gas company's stock, down from 104,682 shares previously.

Why it matters

Rafferty Asset Management's reduced stake in Valero Energy reflects broader trends in the energy sector, as investors weigh factors like oil prices, refining margins, and the transition to renewable energy sources.

The details

According to the 13F filing, Rafferty Asset Management sold 11,008 shares of Valero Energy during the third quarter. The firm's total holdings in the company are now valued at $15.9 million. Valero Energy is one of the largest independent oil refiners in the United States, operating 15 refineries across the country.

  • Rafferty Asset Management lowered its Valero Energy stake in Q3 2026.

The players

Rafferty Asset Management LLC

An investment management firm that provides a range of financial services, including asset management, wealth management, and institutional advisory.

Valero Energy Corporation

A San Antonio, Texas-based integrated downstream energy company that manufactures and markets transportation fuels, petrochemical feedstocks, and other industrial products.

Got photos? Submit your photos here. ›

The takeaway

Rafferty Asset Management's reduced stake in Valero Energy reflects the broader challenges facing the oil and gas industry, as investors weigh the transition to renewable energy sources and the volatility of commodity prices.