Swiss National Bank Cuts Valero Energy Stake

Institutional investor reduces position in oil and gas company by 5.3% in Q3

Published on Mar. 10, 2026

Got story updates? Submit your updates here. ›

Swiss National Bank, an institutional investor, reduced its position in Valero Energy Corporation (NYSE:VLO) by 5.3% during the third quarter, according to a recent SEC filing. The bank now owns 902,800 shares of the oil and gas company's stock, worth approximately $153.7 million.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, so changes in institutional ownership of the company's stock can signal broader trends in the energy sector and investor sentiment.

The details

According to the filing, Swiss National Bank sold 50,100 shares of Valero Energy during the third quarter, reducing its total stake to around 0.30% of the company's outstanding shares. The move comes as Valero Energy's stock has seen significant volatility in recent months, with shares trading between $99 and $232.99 over the past year.

  • The filing covers the third quarter of 2026.

The players

Swiss National Bank

The central bank of Switzerland, which manages the country's monetary policy and currency.

Valero Energy Corporation

A major independent oil refining and marketing company based in San Antonio, Texas.

Got photos? Submit your photos here. ›

The takeaway

The reduction in Swiss National Bank's Valero Energy stake reflects broader uncertainty in the energy sector, as investors navigate volatile commodity prices and the transition to renewable energy sources. However, Valero remains a significant player in the U.S. oil and gas industry.