Victory Capital Management Trims Stake in Valero Energy

Oil and gas company's shares sold by investment firm in third quarter

Published on Mar. 4, 2026

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Victory Capital Management Inc. reduced its position in Valero Energy Corporation (NYSE:VLO) by 26.7% in the third quarter, according to a recent 13F filing with the Securities & Exchange Commission. The investment firm sold 414,598 shares of the oil and gas company's stock during the period.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, so changes in institutional ownership of its shares can provide insights into market sentiment around the company and the broader energy sector.

The details

Victory Capital Management Inc. now owns 1,136,695 shares of Valero Energy, or approximately 0.37% of the company's outstanding stock. The firm cited the sale of 414,598 shares during the third quarter in its 13F filing with the SEC.

  • Victory Capital Management Inc. made the share sales in the third quarter of 2026.

The players

Victory Capital Management Inc.

An investment management firm that oversees over $157 billion in assets.

Valero Energy Corporation

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

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The takeaway

This filing indicates that one major institutional investor has reduced its stake in Valero Energy, which could signal broader market uncertainty around the oil and gas industry despite the company's strong financial performance.