Franklin Resources Boosts Stake in Valero Energy

Investment firm increases holding in oil and gas company by 5% in Q3 2025

Published on Mar. 11, 2026

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Franklin Resources Inc. grew its stake in Valero Energy Corporation (NYSE:VLO) by 5.0% in the 3rd quarter of 2025, according to a recent SEC filing. The investment firm now owns 5,273,517 shares of the oil and gas company's stock, representing a 1.73% ownership stake worth $897,869,000.

Why it matters

Valero Energy is one of the largest independent oil refiners in the United States, with operations focused on refining crude oil into transportation fuels and other products. Franklin Resources' increased investment signals confidence in Valero's long-term prospects, even as the energy industry navigates market volatility and the transition to renewable energy sources.

The details

In the 3rd quarter of 2025, Franklin Resources acquired an additional 249,195 shares of Valero Energy, growing its total stake by 5.0%. The firm now owns over 5.2 million shares, or 1.73% of the company's outstanding stock. Valero Energy operates a network of 15 refineries across the United States and Canada, with a total crude oil throughput capacity of over 3 million barrels per day.

  • Franklin Resources filed its 13F report disclosing the increased Valero Energy stake on March 11, 2026.
  • The 5.0% increase in Franklin's Valero holdings occurred during the 3rd quarter of 2025.

The players

Franklin Resources Inc.

A global investment management organization with over $1.5 trillion in assets under management.

Valero Energy Corporation

A major independent oil refiner and marketer of transportation fuels and other petrochemical products.

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The takeaway

Franklin Resources' increased stake in Valero Energy underscores the investment firm's confidence in the oil refiner's long-term prospects, even as the energy industry faces headwinds from market volatility and the shift towards renewable energy sources.